Amazing Client OutcomesA Risk Adverse Client – IUGG2011
Our client for the XXV International Union of Geodesy and Geophysics General Assembly held in Melbourne in 2011 (3,444 delegates attended) was a group of individuals who formed a company and were therefore very risk adverse as they carried the financial liability if these conference made a loss. We worked with the client in a number of ways to reduce their exposure to risk including:
- Our budgeting (and our minimum fee) were based on very conservative numbers and included initially only the basic and essentials
- We had in place a “wish list” so as the delegate numbers came in, we were able to add more line items and budget costs.
- We constantly reviewed the budget review and kept a close eye on key indicators including website hits, abstracts, Early Bird, past statistics) so we had realistic knowledge for accurate forecasting
- We contracted to the budget so the committee weren’t given any surprises
“Arinex provided sound financial management of the General Assembly. Arinex provided expertise and guidance in relation to anticipated income and was able to work with us to enable incorporation of additional components as we generated additional revenue. Arinex also advised us on sponsorship negotiations with State Government resulting in increased revenue from this source.”Professor Ray Cas