Financial Management… Going that extra mile
A. While Bidding for a congress:We all recognize the situation. As a member of the board of your International association you feel that there is a unique opportunity to invite the annual congress you your country, city or university… But what about the financial risks involved? Putting together a bid for a congress could set you back a serious amount… What budget do I need, …where to find it?
We offer you a tailored made package that includes the financial and budgetary pillars of your eventual bid, we will make (if necessary) a selection of potential venues and submit them to you and your local organizing committee. Semico is willing to work together with you to attract, defend and execute your candidature with your association board. We will look for the correct partners, find the necessary financial support for the bidding process and write the so-called “bidbook”. Assist you in the presentation phase, organize the site-inspection visit(s) and take charge of the promotional and communicational aspects.
Building on this partnership we will, if successful, work with you as your PCO to ensure the success of your congress, allowing you take fully advantage of this unique situation.
B. Pre-financing your already planned congress:In a normal situation the organization of a middle large congress will take you between 2 and 3 years preparation time. The fact that the financial income from the congress will only materialize in the last 4 to 6 months before the opening ceremony, could get you into trouble. How to pay for the booking of the congress venue? Who will produce your promotional materials etc. Semico offers its clients under certain conditions a complete pre-financing solution of your congress.
Risk sharingThe Semico Group is offering its clients a full range of options in its approach towards the organization of congresses. Sometimes you the client prefer to spread the financial risk of your project. Once our team of senior project managers has approved your request we will work out together with you, an ideal tailor made risk sharing solution.
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