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It helps me to keep organized; reminders make sure you do not forget any important meeting. Easy to use, clear and effective. I tried many similar calendars, ended up using this one.
Nothing so far, will update you if there is any drawback at a later stage.
The overrun meetings in the same meeting room. In our office we have 6 small meeting rooms with special names. Al the employees prefer the biggest one and there is always a line. Here I mention the venue - they see it is booked and pass by.