The meetings and events division of travel management company FCM is launching a reporting and analytics tool that it says will enhance operational functionality, deliver savings and enable informed-decision making.

The new tool will consolidate all meetings and events data on a single dashboard, quantifies missed savings opportunities, provides trends and insights to guide purchasing strategies, and provide the data and proof points to help users secure better supplier rates.

According to research by the company, 40 per cent of respondents did not have a clear view of their meetings and events budget for this year. ¡°Big, small or the unknown, one thing's clear: when the budget's blurry, planners need to get even sharper,¡± said Frits de Kok, EMEA general manager, FCM Meetings & Events. ¡°This is where our new tool comes into play ¨C giving customers a total oversight over budgets and spend.¡±

De Kok added: ¡°The new tool serves as the foundation for a scalable MICE strategy, moving clients from visibility to value creation.¡±

In addition to the new tool, FCM Meetings & Events has integrated its offering into the FCM Platform by introducing venue sourcing and event requests.

Simone Seiler, global general manager, FCM Meetings & Events, said: ¡°The core version of FCM Venue Finder and the new Meeting Request Form are accessible to new and existing customers, and the integration provides a centralised hub for venue selection, streamlined processes, and improved collaboration ¨C on top of the Reporting & Analytics Tool.¡±

The new tool will initially be launched in Australia, New Zealand and the USA, with a subsequent phased rollout beginning in the UK and continuing in mainland Europe, Asia and Mexico.

In other recent tech developments at the travel management company, FCM announced in June the relaunch of its proprietary chatbot Sam, and in July it launched new software, Air Contract Intelligence, to analyse customers¡¯ airline contracts.