Production Finance Solutions for the entertainment industry

Digital solutions that improve and streamline Finance and Accounting processes are a natural area for improvement because these are high value processes. And, these high-value, detail-intensive and document-intensive processes are governed by strict standards and deadlines. The efficiencies that digital solutions deliver can be immediately measured in improved cash flow, savings and reduced penalties.

Digital PO Solution

We’ve created, implemented and perfected a range of digital finance solutions. And now, you can take advantage of these ready-made, easy-to-implement solutions that streamline accounts payable, payroll and a host of other applications.

With our digital PO solution, we leverage intelligent forms and workflow automation solutions to simplify the initiation, review, approval and routing of purchase orders to the right people at the right time. It offers the ability to interact with vendors who can approve or amend purchase orders, and provides a dashboard view in the current status of all purchase orders in the process.

Production Accounting for TV

Production Accounting for TV and features is a focal point for many of our entertainment clients. We developed a custom solution that includes the scanning of documents into our cloud-based repository for easy access and management of these business critical documents.

Then we put intelligent forms, advanced capture solutions, and strategic workflow solutions in place to increase efficiency and ensure that data flows efficiently and is easily reported upon. And with all actions documented in the system, responding to reviews and audits is easier than ever before.

“That’s a Good Question!”

Below are some frequently-asked questions and short answers related to Entertainment industry finance solutions.

Once documents are scanned, are they then processed manually by a person?

No. Once a document is scanned, Optical Character Recognition (OCR) and Intelligent Character Recognition (ICR) are used to identify and extract specific pieces of data, such as amount due. And then, that data can be incorporated into a workflow automation process that pushes the task forward without human intervention.

Is it difficult to define and run reports on specific pieces of information in order to prepare for audits?

No. The solutions were designed with this need in mind. It is very simple to define required reports for audits and then run those reports. And, if desired, you can even keep those reports housed within the platform and give an auditor temporary, finite access to the platform where the can only access the defined reports.

Do major studios already employ VisualVault for these types of solutions?

Yes. These solutions are used by some of the largest entertainment companies in the country and they've been refined over the years.

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