AMC

Why do you need an Association Management Company (AMC)?

AMCs deliver turnkey management for non-profit organizations including all functional areas, from strategic leadership and policy development, to finance and accounting, to membership and marketing, and all other day to day operational functions.  If it needs to get done an AMC does it.

Because AMCs are staffed with experts in all facets of non-profit management who lead and manage trade and professional associations. Simply put, your financial resources are maximized and your workload needs are met with customized staffing.

For example: Maybe your organization needs 3.5 FTE to handle membership recruitment and retention.  Perhaps your organization is smaller and only needs .5 FTE for membership.  In a traditional/captive association model, to find that “.5 FTE” you’ll either have to get really lucky and find a membership expert who only wants to work part time or be forced to hire a full time person that spends half of their time working on other “stuff” they don’t have expertise in.

Having an AMC team that has experience in other industries and associations allows an AMC to quickly see and know what works and what does not. Observing strategies and tactics in a variety of environments allows an AMC to appropriately apply what works among its other clients (and avoid what does not work).

Using an AMC eliminates the need for a board to deal with HR issues. A board will have designated staff that they regularly evaluate, but do not have to worry about day-to-day, hiring/firing and other HR issues.

Mortgages, rent, utilities, copier leases and roof replacements are of no concern to AMC clients. These costs are part of a contracted retainer. These costs are shared among multiple clients and thus are a fraction of what a standalone association might pay.

AMCs offer savings by leveraging the collective purchasing power of multiple organizations on behalf of each individual client (e.g., a hotel sales director is likely to give better terms and conditions to an event planner knowing they plan events for several other organizations and who also has team of other event planners at their office who may be referred to their property).

Some AMCs can generate income for your association! Partners for example, is a registered travel agency and is thus eligible to be paid a commission from hotels on larger conferences and conventions. The commission is based upon the number of rooms the group books and Partners returns 100% of that income directly to its clients.

AMCs are for-profit companies that strive to deliver the highest levels of professionalism and expertise to their clients. Partners offers for-profit thinking in a non-profit world.

If it needs to get done an AMC can do it. AMCs deliver turnkey management for non-profit organizations including all functional areas, from strategic leadership and policy development, to finance and accounting, to membership and marketing, and all other day to day operational needs.

Have questions or comments on the AMC model? Let us know!