What is an AMC?
An association management company (AMC) is a firm of skilled professionals whose goal is to provide management expertise and specialized administrative services to trade associations and professional societies in an efficient, cost-effective manner. Based on the concept of shared resources, an association management company provides volunteer organizations with the expertise they need when they need it.
An AMC provides expertise in all aspects of managing trade associations, professional societies, and foundations. Associations use AMCs for the staffing expertise and experience necessary to accomplish the association’s goals. Because staff is shared among the AMC’s association partners and expertise is provided as needed, the cost of this level of expertise is more affordable.
In addition to affordable expert staff, there are economies of scale in sharing office space, equipment, and supplies, freeing up the association’s funds for use in member services and programs.
More and more associations are turning to an AMC for management services because they lower their expenses, turn over the administrative hassle to someone else, and get more broad-based association experience and talent.