Top 10 Reasons an Association Should Work with an Association Management Company
Mike Cooke and DeLaine Bender CAE
Associations and professional societies play a crucial role in bringing people together for a common cause; however, managing the strategic and day-to-day operations of an association can be time-consuming and complex. Many associations begin with a volunteer-managed structure or operate with a small staff, both of which can become overwhelming as an association grows in size and complexity.
That’s where association management companies (AMCs) like AMR Management Services come in. AMCs provide a wide range of services to help associations run smoothly and effectively. In fact, a research white paper commissioned by the AMC Institute, found that “AMC-managed organizations generate greater operating surpluses, are more efficient, involve lower operating risks, enjoy more diverse revenue profiles, spend more on meetings, trade shows and educational activities, and pay, on average, a third less for the staffing, occupancy and capital costs than sibling standalone organizations.”
Here are 10 top reasons why an association should choose to hire an AMC:
- Time Savings: Association management companies have the expertise and resources to handle administrative tasks, freeing up time for the association to focus on its core mission.
- Increased Efficiency: AMCs use the latest technology and best practices to streamline operations and reduce inefficiencies, leading to a more productive association.
- Cost Savings: By outsourcing tasks to an AMC, an association can reduce its overhead costs and achieve cost savings through economies of scale.
- Access to Expertise: Association management companies have a team of experts with extensive experience in a wide range of areas, including finance, marketing, event planning, and more.
- Improved Member Satisfaction: AMCs use data and technology to track member engagement and satisfaction, providing valuable insights to help the association better meet its members’ needs.
- Increased Revenue: AMCs have the expertise to develop and implement revenue-generating programs, such as sponsorships and advertising, to help associations increase their income.
- Professional Image: Association management companies help associations maintain a professional image by providing high-quality communications and marketing materials.
- Better Governance: Association management companies provide support for governance and policy development, helping associations operate in a more transparent and accountable manner.
- Compliance Assistance: AMCs can help associations navigate complex regulations and compliance requirements, reducing the risk of legal or regulatory violations.
- Scalability: Association management companies can help associations scale their operations as they grow, ensuring that they have the resources and support they need to succeed.
By choosing to hire an association management company, associations can benefit from a wide range of services and expertise that can help them run more effectively and efficiently. Whether your association is just starting out or well-established, reach out to us today to find out how an AMC like AMR can help you reach your goals.
About AMR Management Services
If your professional society or trade association could benefit from skilled professional management support, AMR Management Services is here to help. We are an accredited, full-service association management firm supporting national and international associations clients of all sizes. Contact us today to learn more about how we can help you take your association to the next level.
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