Morley Companies, Inc.
Financial
Budgeting
Few things have a greater impact on a group travel program than managing the program budget. Morley understands the pressure that each client faces to create a memorable event experience and produce the program on or below budget.
To help guide this process, Morley works with its clients to establish estimated budgets early in the process and helps our clients decide among the many options available for their programs. We assemble air and land estimates based on the program agenda, facility choice and air transportation availability, and then continuously update those estimates as the program evolves.
Negotiated Savings
Demonstrating fiscal responsibility is a long-held tradition at Morley, and we understand how important this is to our clients. To help demonstrate our commitment to spending money wisely, Morley records all initial prices and terms offered by third-party vendors and then tracks the results of all program negotiations. A Negotiated Savings Report is then presented to each client providing a record that shows program savings resulting from negotiations.
Audit Reconciliation & Billing
Morley audits all services received during the program to verify that our clients are receiving the goods and services for which they contracted. This can include items such as quality and quantity of food, number of rented golf clubs and consumption-based expenditures such as the number of bottles of wine consumed.
Morley also reconciles all vendor bills presented during and after the program prior to approving vendor payments. Once all billing has been reconciled and approved by the client, Morley pays all vendor bills directly. Morley presents its client with final billing based on the specifications of the program and with appropriate backup documentation after all reconciliation has occurred. Morley believes that a final bill representing the specifications of the program, at or below budget, is an opportunity to demonstrate its sincere commitment to its clients.
