Cvent, Inc., a market leader in meetings, events and hospitality technology, today announced a strategic alliance with Citi®, the largest global issuer of self-owned and managed corporate cards, servicing more than 100 countries.
By leveraging Citi’s global network and leadership in Commercial Cards, this alliance offers Cvent users and Citi clients a simplified payment path to quickly and easily settle any Meetings & Events (M&E) expense – with a Citi payment product – all without ever leaving the Cvent event management platform.
Through this global alliance, Cvent’s event management software will also integrate with Citi’s Virtual Card Account functionality to allow joint clients the ability to request a Citi Virtual Card Number for payment directly through Cvent’s platform. When meetings-related expenses can be made from the same tool where the expense is sourced, budgeted, and invoiced, the end-to-end meetings payment process will be more accurate, ultimately resulting in less time and labor spent consolidating M&E expenses.
“We are pleased to join forces with a global provider that is equally committed to delivering a best-in-class solution for their customers,” said Gonca Latif-Schmitt, Global Head of Citi® Commercial Cards. “We believe this integration between Citi and Cvent will make the payments process more efficient for our clients and, will facilitate the use of our Citi Meeting Card and Virtual Card Accounts as the payment of choice for all Meetings and Events spend.”
The Cvent and Citi integration was recognized with a 2018 Treasury Today Adam Smith Award. The awards highlight achievement in corporate treasury and are well-known across the industry.
“By joining our technologies together, we are able to provide both Cvent and Citi customers a more streamlined approach to online payments,” said Patrick Smith, Chief Marketing Officer at Cvent. “This alliance enables organizations to manage all of their meetings and events activities, from planning to payment, in one place. Earning the Adam Smith award reinforces the strength of our combined solution and validates our mission to work with enterprises as true strategic business partners.”
Citi Treasury and Trade Solutions (TTS) enables our clients' success by providing an integrated suite of innovative and tailored cash management and trade finance services to multinational corporations, financial institutions and public sector organizations across the globe. Based on the foundation of the industry's largest proprietary network with banking licenses in over 90 countries and globally integrated technology platforms, TTS continues to lead the way in offering the industry's most comprehensive range of digitally enabled treasury, trade and liquidity management solutions.