The name says it all really.
An Association Management Company (AMC) manages an association, becoming the public face of that association and providing the back-office support and usually much more besides. An AMC, does what it says on the tin (with a thankful nod to Ronseal).
Where an association does not have its own staff, or wants to consider outsourcing such services is where an AMC comes in. This could be a full outsourcing contract or perhaps elements of the association’s services to cope with resource constraints or workload peaks.
An AMC will offer a range of expert services from the simple administration – being the first port of call for members and those using the members’ services – through to accounts, communications, marketing, representation and other services.
The typical services you can expect from an AMC can be seen here.
It is estimated there there are 600 AMCs worldwide and this service model is more popular in America where there is even an Association of Association Executives (ASAE) which defines an Association Management Company as:
“a professional service company that specialises in providing management services for associations on a fee-for-service basis. AMCs provide the professional staff, administrative support, office space, technology, and equipment an association needs to operate efficiently.”
In the UK there is a more select band of AMC providers.
If you are considering using an AMC or perhaps changing your existing provider – please get in touch.