TYSONS CORNER, Va.--(BUSINESS WIRE)--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.
About Cvent
Cvent, Inc. is a leading cloud-based enterprise event management company with more than 3,200 employees, 25,000 customers, and 300,000 users worldwide. Cvent offers software solutions to event planners for online event registration, venue selection, event management, mobile apps for events, email marketing, and web surveys. Cvent provides hoteliers with an integrated platform, enabling properties to increase group business demand through targeted advertising and improve conversion through proprietary demand management and business intelligence solutions. Cvent solutions optimize the entire event management value chain and have enabled clients around the world to manage hundreds of thousands of meetings and events. For more information, please visit Cvent.com, or connect with us on Facebook, Twitter or LinkedIn.
About Citi
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi