Corporate Dining Overview September 2014 Historical Gap More
Corporate Dining Overview September 2014
Historical Gap More than $50 Billion Restaurant s Restaurants have not been able to formally and systematically establish relationships with corporations spent by corporations and small businesses in restaurants annually Corporations have not been able to manage dining expense as they do most other T&E expenses 2
Why Dining ? - 3 rd Highest Corporate T&E Category Percent of Total 0 20% 5% 10% 15% Airfare Lodging Dining Entertainment Ground Transport Car Rental Telecom Meetings *According to the Concur 2013 Expense IQ Report 3
Where Does Dining Spend Come From ? EXECUTIVE MANAGEMENT CATERING COORDINATORS EVENT PLANNERS BUSINESS TRAVELERS 10% of total corporate T&E budget 4
Managing Your Dining Spend The Challenges – the past • • • Spend highly splintered & no predominant vendors Little opportunity for centralized purchasing Traditionally difficult to achieve share shift One example--The Dinova Approach - today • • Seamless for travelers / card holders No Personally Identifiable Information (PII) collected or used GSA will have a “Preferred” Restaurant Network Utilize procurement based techniques and technologies
The Dinova Process - How it Works GSA employee finds a Dinova restaurant in database or via mobile app GSA employee pays for meal, catering or event using GSA corporate card, meeting or P card GSA’s corp card data provider sends monthly data report to Dinova reconciliation with Dinova Network Restaurants Dinova distributes $ rebate to GSA quarterly GSA internal distribution (if desired)
Example of Dinova Chain Restaurant Partners 7
Leading Local Restaurant Groups 8
Virtuous Circle GSA LAUNCHES & SUPPORTS PROGRAM • Initial Announcement • Publishes policy/preferred list • Educates employees / admins • Monitor compliance to save money Dinova VIRTUOU S CIRCLE ENSURES SUCCESS • Manages flow of data and funds between parties • Compliance reporting to GSA • Sales reporting to restaurants • Ongoing network development and balancing Employee MAKES DINING DECISION Use preferred Network when able Search & find appropriate restaurant for • Customer Entertaining • Business Travel • Meetings • Department outings and events • Catering Orders Restaurant ENTERTAINS GUEST • Provides quality food and ambiance • No special process/equipment/training • Verifies Transactions 9
Example of Mobile Search Available on all web enabled smart phones Find local Dinova restaurants and with one touch: call, get directions, access restaurant’s website & make reservations
Note on GSA Corporate Card Data • Dinova does not receive, capture or use any personal or individual information (no “PPI” collected or utilized) • Dinova works with all leading corporate card programs: American Express, Diners, Master. Card and Visa. • Dinova currently collects monthly data reports from the 3 major issuers of the GSA Smart. Pay Visa and Master. Card programs: ○ Citibank ○ JP Morgan Chase ○ U. S. Bank
Key Considerations ► Potential savings are significant and incremental ► No cost and no significant resource risk ► No sensitive data required (No “PII” captured or used) ► Can coordinate with existing restaurant programs and relationships (if any) ► Internal communication & support required and is key to success
Discussion www. dinova. com
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