Ticket Management Blog

As more an more companies repay TARP funds and the economy recovers, they will move back to traditional hospitality and branding activities. However, as a result of the Wall Street vs. Main Street mentality, hospitality has become a toxic term. The folks in Washington are working on oversight and regulatory policies which may change the way companies approach hospitality.

For many of these companies, this is a not simply a compliance issue but a much bigger issue, namely a reputational risk issue. In the current environment, while hospitality may be a competitive requirement for many, no one wants any negative press and this is most true of senior management.

To protect themselves against future scrutiny, we believe many companies will step up their hospitality measurement and evaluation opportunities. If a company is put under the microscope by shareholders, regulators or watchdog groups for their hospitality programs, they need to be able to justify what they did, who they entertained and why it was a value to the company.

The Concierge Live ticket management software is a great solution for this, it helps companies manage, track, and report on their tickets so that they can easily justify their entertainment expenses.