TV and film producers of large projects are facing a similar struggle – how to get tight control and financial transparency throughout the immense creation and acquisition of content.
When big budget production projects are at play, the industry faces a variety of specific challenges such as:
- Multiple systems to manage IP, financial, contractual, budgetary, operational and telecast data each with their own support systems
- Unapproved spend resulting in escalating bills beyond approved budgets
- High maintenance costs for multiple solution support
- Manual time consuming approval process
The results? An inability to gain financial understanding of the project status to make decisions, inefficient administration and escalating costs.
Working on SAP technology for an integrated end-to-end solution, Invenio have created the Invenio Content Financials solution specifically for the media industry, with agility at its core. By integrating data across departments to one automated system, clear reports on real-time spend coupled with an efficient approval system ensures effective end-to-end financial control.
Drive efficiency through:
- Tight and clear financial controls
- Digital and transparent approval system
- Integrated data from multiple business units creating a comprehensive understanding of the project
- Reduce total cost of ownership by creating a single cross departmental solution
- Fast month and year end closing