Message From the President 

Accelerating the Value Propositions of Meetings Consolidation

At MPbid, we continue to give careful thought and analysis to the past, present and future of strategic meetings management, or what many refer to as meetings consolidation. Like many in the industry, we too can recall a time of waiting - waiting for meeting consolidations to become a generally accepted practice as a managed-cost category under corporate travel and expense strategies. Today, a majority of Fortune 500 organizations are in the process of consolidating meetings, events and related purchases to accomplish numerous corporate objectives. Some of the sought-after value propositions include process controls, standard budget practices; spend tracking, risk minimization, improved records management and buying leverage. Over the past five or so years, we’ve seen meetings consolidation grow from a loosely driven technology application to a recognized discipline that incorporates defined processes in order to enable technology. This encompasses everything from outsourcing and reengineering to Six Sigma, PhRMA Code and Sarbanes-Oxley compliance strategies.

MPbid’s focus is towards the future of meetings consolidation, seeking ways to improve and accelerate the value propositions by making consolidation technology more affordable and comprehensive, delivering even greater impact to the corporate bottom line. Moreover, we recognize that consolidating data is one thing, while making the data actionable is something quite different. In short, consolidated data means nothing if it does not lead to action. Therefore, we continue to allocate our resources to develop a simplified consolidation technology solution that focuses on core business intelligence and measurement requirements; primarily control processes, e-sourcing, budgeting, contract administration, negotiating effectiveness and risk management. Our immediate objective is to deliver the industry’s first automated contract management system that provides a real-time snapshot of enterprise negotiating effectiveness and weighted risk exposure across an enterprise. 

We have listened very carefully to buyer demands and believe that it’s time for improved implementation processes, benchmarking systems, support services and general affordability regardless of the size of an enterprise. With the industry’s best and brightest employees and associates, we have set out to accelerate the numerous value propositions of meetings consolidation, and we are well poised to deliver. Our commitment is simple; deliver a cost-effective, high-impact enterprise solution by focusing on the core business intelligence and measurements value propositions of meetings consolidation.

Jim Etkin
President, Chief Executive Officer
MPbid Enterprise Solutions