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For community association management (CAM) companies, staying updated on industry trends is important for maintaining efficient operations, meeting evolving resident needs, and adopting new technologies. In August 2024, AvidXchange surveyed 500 accounting and finance leaders to learn their top priorities and concerns for 2025.
Association Societies Alliance (the association for state SAE executives) surveyed 305 members of seven state SAEs in November 2024 about their associations use of AI. Inflation-Fighting Budget Strategies Hear about creative cost-savings techniques to impact your bottom line. AI use in associations. Gen Z and events. Fri 2/21 at 1 p.m.
From housing costs to deregulation and tariffs, finance teams may need to adapt to evolving conditions. Supply Disruptions, Rising Costs, and Project Delays Elections shape supply chains and project timelines through shifts in trade policies, tariffs, and regulatory priorities. construction firms face hiring challenges.
The Q3 2024 Meetings & Events Pulse Survey [PDF], released last month, was conducted from July through August by Global DMC Partners, a network of destination management companies, and included responses from meeting professionals from North America and Europe. The key lies in identifying strategic opportunities,” she said.
Our latest 2024 State of Customer Education Report uncovers critical data and insights from a survey of over 200 industry leaders, offering a look at the evolving role of education in driving business success. Customer education has become a key driver for growth, retention, and product adoption. Download the report now!
Center the Member Voice Implement systematic feedback collection through CSAT surveys, Net Promoter Scores, and community monitoring. The voice isn’t just words and surveys, but take it all into account. Assess actual member value and resource costs, then redirect efforts to more impactful activities.
Jarrett Tran, PCAM, Senior Account Executive, Community Association Management, AvidXchange Increased Cost of Doing Business In our survey with CAI, we found that keeping homeowners’ association fees flat was a major concern for community management associations in 2023.
At the same time, the survey found that while 81 percent of respondents in the May 2020 survey said they had reduced or expected to reduce programs or services and 80 percent said they had or expected to draw from reserves, only 58 percent and 38 percent of respondents in February said they ultimately did so.
Many community associations conduct regular reserve studies or use other means of projecting the cost of long-term maintenance and repair. The study, which surveyed 47 community associations in the U.S., The condo collapse in Surfside, Fla., Damage can be found on structural elements as well as plumbing and electrical systems.
The two discussed the findings of AvidXchange’s recent survey conducted with the Community Associations Institute (CAI) on the challenges and priorities of today’s community association management companies. Both Tran and Woytek have worked as community association managers, bringing decades of experience to their current roles.
A non-representative, open, voluntary survey run by Accountability Lab and Humentum found that 78% of the 816 respondents (including 672 at nonprofits and 144 at for-profits) that lost government funding said their organization had not secured alternative funding to stay afloat. Organizations that relied on U.S.
Our Organizational Excellence Survey revealed significant gaps in digital readiness, underscoring the need to prioritize technology now. The Costs of Inefficiency: Wasted Resources: Time and money are consumed by outdated workflows. Investing in efficiency now pays dividends in time and cost savings.
Surveys have long been a way for organizations to maintain contact with their members and potential members. At some point, just about every organization will want to conduct a survey of their members, potential members, or the general public. In this guide, we’ll explain what a survey response rate is and what makes a good return.
Our recent.orgSource survey shows a significant gap in digital readiness among associations. The Cost of Inaction : Declining Member Engagement : Members who dont feel connected to their associations are less likely to renew or participate in events.
Solving the Employee Turnover Problem Most organizations could dramatically reduce employee turnover costs and keep their top talent if they only took some simple steps to address the true reasons people leave. Host: Ewald Consulting Speaker: Avi Olitzky, President and Principal Consultant, Olitzky Consulting Group Tue 10/15 at 11 a.m.
workforce, the disruption has been going on for a while nowsecondary education, the internet, AI, housing, the cost of living, and more have all played a role in what kinds of jobs people look for, when and where they look for them, and what industries appeal most to them. These are, to say the least, disruptive times.
Scaling this surveys’ findings to reflect the 700,000 employed within the industry, the trade association estimates there has been 126,000 total job losses to date, with catering, front-of-house and events/account managers being the roles most severely affected.
If youre embarking on an AMS project, start your research by reviewing 108 Ideaspaces list of issues to consider when selecting an association management system (AMS) , such as reporting, security, API, technology partners, access control, cost of ownership, vendor stability, and the ability to expand software capabilities as your needs change.
While traditional face-to-face meetings can have their benefits, they also cost more and are more time consuming. Virtual investigator meetings can allow for tremendous cost savings while increasing continuity and communication. Clinical trial training can be expensive. Here’s how: Reduction in Setup Time. Fortified Learning .
Matchbox Virtual Media asks for your participation in a survey that explores how the use of online experiences by associations for membership engagement, education, revenue growth, and other purposes has evolved in recent times. They pull out a few good ideas from survey comments too. Oprah Winfrey Online programs. 1 CAE credit. .
The two biggest reasons they mentioned, after “lack of engagement ” (37%) were: Members c ould not justify membership costs with any significant ROI ( 28% ). Run another drip campaign through your marketing automation platform to survey members about the feedback, and schedule one-on-one calls with those who seem particularly interested.
Those members that do use it aren’t passionate about it (you find that out in member satisfaction surveys). The cost to provide the benefit is out of line with use (which requires fully weighted cost center accounting to accurately calculate). The benefit is tangential to your mission.
The Eastside Rooms cost of living impact survey reveals that organisers have increased salaries and freelance/consultant fees to help teams adjust to the impact of the cost of living crisis.
While traditional face-to-face meetings can have their benefits, they also cost more and are more time consuming. Virtual investigator meetings can allow for tremendous cost savings while increasing continuity and communication. Clinical trial training can be expensive. Here’s how: Reduction in Setup Time. Fortified Learning .
From The Leader Network’s research, which surveyed hundreds of community professionals, they found 49 percent of communities generate revenue (29 percent of those realize a revenue of over $1 million). Although not directly related to retention, the study also found that 45 percent of companies tied community to cost reduction.
They go into detail on the items that belong on your list: reporting, security, API, technology partners, access control, cost of ownership, vendor stability, and the ability to expand software capabilities as your needs change. Day One Agency suggests not believing the headlines about Gen Z. Is AI making us dumb? Location: Alexandria VA.
Wallace Stevens Survey. If you’re an association professional who is responsible for business development, exhibitor sales, non-dues revenue programs, or any other revenue growth roles outside of membership sales, please complete this survey , which should take less than ten minutes of your time. Association finances.
If you do, please participate in the 2020 New Member Engagement Survey from Amanda Kaiser (Kaiser Insights) and Dynamic Benchmarking. The report that came out of their first survey two years ago was full of good information and great ideas so I look forward to this edition. How Much Does an AMS Really Cost? Thu 5/28 at 1 p.m. –
A possible recession has businesses on edge as many are reevaluating costs and priorities in preparation for an uncertain future. They cut costs by closing pools and clubhouses and reduced maintenance work. Sixty percent of our survey respondents said they are looking for ways to reduce costs. Some raised homeowner fees.
MCI surveyed association members and customers for their Association Engagement Index 2024. Learn about the process of building a custom app, including the cost and timeline. Open your email or not. Go to your website or to Google. Are you earning their permission to provide content, benefits, events, ideas, answers, and connections?
In a survey of meeting professionals, the most stressful element of their job is the dependency on other people. Four New Association Survey Reports Portend Opportunities for Corporate Sponsorships. Four major new surveys show challenges and obstacles facing associations. Tue 6/1 at 12 p.m. – 1 CMP credit. . 1 CMP credit.
This survey will help them assess inclusivity, equity, and overall well-being in our field. They just published the AMS/CRM System Selection Process Survey Results , which shows what 200+ associations and their vendor and consultant partners experience during system selection. More info/register.
Lack of AI Readiness Our 2024 Digital Trends Survey found that while many associations recognize AI’s potential, only 19% of respondents felt their organizations were “very” or “extremely” ready to integrate AI. Costs of AI Implementation For some associations, the perceived cost of implementing AI can be a barrier.
According to recent surveys , association executives feel more confident than ever, with 67% optimistic about their organizations future growth and stability. In fact, 34% of surveyed associations have invested or plan to invest in AI this year. Author: Debbie Willis Is your association thriving?
Hear about common measurement data and why it may make sense for you to collect your own data, how to use a specific two-question survey to collect powerful data about what’s going on in your organization and a basic business case approach that enables a different type of conversation with leaders. More info/register. . 1 CMP credit.
The following are the top reasons suggested to promote free, public online courses, such as MOOC s (Massive Open Online Course): Cost Efficiency : Lower costs of attendance and time-saving as a result of removing need to travel and ability to access content online at a time that suits the learner.
To solve this problem, you need to create an effective post event survey. Writing these surveys and getting them out quickly to your attendees can help you reach people while your event is fresh in their memories. We have drafted 28 key questions that can help you write highly effective surveys to employ after your next event.
In a study by the Foundation for Community Association Research (FCAR), 91% of respondents said they’ve seen expenses increase in 2023, a byproduct of rising material costs and inflation. Finance Staff Embrace Digitization There’s a perception that finance workers are against the digitization of their roles.
And companies definitely take notice -- one tweet or Instagram post from a Kardashian or Jenner can make or break a product (and can cost tons of money). They conducted a study that randomly surveyed an unpaid network of micro-influencers from across the country. But are they really as influential as they seem?
A recent survey of online education leaders found that programs supported by professional instructional design had more consistency in and adherence to online teaching pedagogy. 5: Reduce costs. You might be wondering how cost could be a positive factor since outsourcing ID is an additional expense. 2: See expertise in action.
They explain how to develop a content strategy, know when it’s time for a redesign, decrease costs and increase revenue. GrowthZone’s guide to selecting a credit card processor is perfect for those of you who need to understand the players and their roles, terminology, fees, rates, hard and soft costs, and security issues.
All of these different types of training have varying costs and levels of accessibility for members to attend, yet the most infrequently offered and (usually) most expensive to attend, the association annual conference remains perennially popular among members. Notification, calendaring, surveys, and reporting.
You might be familiar with these oft-quoted stats: It costs 5x as much to obtain a new customer than to keep an existing one [ Invesp ]. Their tasks are tied up with lead generation goals, net promoter survey results, customer education initiatives, support ticket resolutions, case study interviews, marketing email lists, and so much more.
Our new 2018 benchmark report, the first of its kind strictly for associations , combines our traditional email benchmarking report with a new industry survey focused on marketing automation (MA). The wait is over. The results are in. Not only are an increasing number of associations utilizing MA, but they’re starting to prioritize it.
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