Events Services Business Guide
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We documented 13 challenges in Events Services. Now get the actionable solutions — vendor recommendations, process fixes, and cost-saving strategies that actually work.
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All 13 Documented Cases
मील का पत्थर भुगतान सत्यापन और अनुमोदन में देरी
Estimated: ₹25–₹50 lakh monthly cash drag per ₹2.5 crore annual revenue company. Working capital cost: 12% p.a. = ₹30,000–₹60,000 monthly opportunity cost. Annual impact: ₹3.6–₹7.2 lakh.Event milestone payments require sign-off from multiple stakeholders (client approval of planning, execution team confirmation of on-site completion, finance verification). Manual email-based approvals, spreadsheet tracking, and delayed invoice issuance create 15–30 day AR gaps. A mid-sized event company invoicing ₹5 lakh per event sees 10–20 day average delays = ₹25–₹50 lakh monthly cash drag.
GST अनुपालन और ITC सुलह मैनुअल कार्य बोझ
Estimated: 20–40 hours/month × ₹2,000–₹5,000/hour (finance staff cost) = ₹40,000–₹2,00,000 monthly = ₹4.8–₹24 lakh annually. Additional: ₹5,000–₹50,000 lost ITC claims per flagged invoice (delayed resolution = blocked credits for 1–3 months).GST compliance requires ITC matching between supplier invoices (GSTR-2B) and buyer claims (GSTR-3B). Flagged invoices due to GSTIN mismatches, invoice date discrepancies, or amount variations require manual investigation and correction. Event companies with 50–200 vendors (catering, décor, audio-visual, staffing) face 5–15 flagged invoices/month. Manual resolution: 15–30 min per flag × 10 flags = 5–7.5 hours/month; scaling to ₹20+ crore annual spend: 20–40 hours/month.
वेंडर ब्लैकलिस्टिंग हानि
Full contract value forfeiture (₹10-50 लाख/event) + 2-3 year blacklistingTenders require experience proofs and liaison approvals; poor vendor selection causes delivery failures and penalties.
RFP बिड रिजेक्शन
100% opportunity cost (₹5-20 लाख per rejected tender)Bids rejected for missing GSTIN, experience certificates, or improper sealing; represents lost revenue from multi-crore event contracts.