Leading Destination Management Company, AlliedPRA, now accepts payment of deposits via Meeting Escrow

Leading Destination Management Company, AlliedPRA, now accepts payment of deposits via Meeting Escrow

Meeting Escrow Inc. is proud to announce that AlliedPRA has officially confirmed acceptance of payment via Meeting Escrow’s industry-leading deposit escrow service, setting a new standard in stewardship and fiduciary responsibility for the Destination Management sector of the Meetings Industry.

Denise Dornfeld, Chairperson of AlliedPRA, Inc. states, “In response to an industry need, Meeting Escrow, an independent, reputable third party has responded with a viable solution.  While AlliedPRA prides itself on its stable financial history, this optional service ensures that all parties involved are financially protected with an agreed upon timeline for disbursement of funds.  This extra layer of insurance is a differentiator for Destination Management Companies and AlliedPRA is pleased to accept payments via Meeting Escrow to respond to clients’ needs”.

Grant Snider, Meeting Escrow President & CEO adds, “This is an exciting development for our company. As more and more clients adopt Meeting Escrow to facilitate their meetings budget cash management and deposit processes and include it in their RFP requirements, it is important that vendors understand how it works and what the benefits are. We are proud to have AlliedPRA on board to accept deposit payment via Meeting Escrow.

Meeting Escrow was founded by Grant Snider in early 2015 to bridge a gap in the marketplace between buyers and sellers of Meetings Industry services. Both parties sign an escrow contract with Meeting Escrow for the total amount to be protected. Funds are wire transferred by the buyer directly to a distinct, uniquely identified Meeting Escrow bank account to the benefit of the supplier-partner and then the individual deposit payments are wire transferred out per the deposit payment schedule in the contract. Client funds are secure and fully protected and supplier-partners are paid on time.  In addition, escrowed deposits can be held in US dollars, Euros, Canadian dollars and 17 other foreign currencies, thereby shielding clients from exchange rate fluctuations. Meeting Escrow Inc. holds $5 million in liability coverage, underwritten by Lloyds.

Grant Snider brings lifelong Meetings Industry experience and an indisputable reputation as a person of integrity and trust to Meeting Escrow. Following an early career in the hotel industry, Snider moved to the destination services sector eventually becoming co-owner of JPdL, Canada’s largest DMC. He sold his stake in the company in 2014. Over the years he has served in a variety of leadership positions in meetings industry associations such as ADMEI, SITE and FICP.  He currently serves on the Board of Directors of the Business Events Industry Coalition of Canada.

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