Oracle senior manager, global meetings services EMEA Sarah Young said in the Grass Roots Meetings Industry Report 2010 that the IT company began its consolidation programme in 2007.
Oracle began consolidation by implementing online management tool Starcite in the UK and US.
"We have Starcite in place, which conducts meeting RFPs for us," said Young. "We also have a sourcing team in the US that supports local meeting planners, who themselves source direct, contracting through me. Starcite is integrated with our own procurement system and the American Express meetings card, so we capture all the data and have all the payments in one place."
Oracle's consolidation programme has been so successful that it is rolling it out across Europe and the company plans to introduce it to the Middle East.
"Ideally we wanted to do this in one go, but different countries' tax and currency rules have forced us to take a country-by-country approach," said Young.
The Grass Roots report also said that pharmaceutical company Allergan, which spends £16.7m annually on meetings in the UK and £30.8m in Europe, has begun a consolidation programme.
Allergan consultant, head of procurement, Europe, Ronan Carter said: "Our convergence programme will initially cover the UK, however, we will be using a meetings provider that can source venues across Europe. Success in the UK will dictate whether, and when, we then roll the programme out across out four other key European territories of Germany, France, Spain and Italy."