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5 Ways  to Build Competitive Advantage

 

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5 Brilliant Ways Media and Entertainment Companies are Building Competitive Advantage

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Legendary's Success

Sage Intacct (3:42)

Adaptive Insights (2:26)

Dashboards for Entertainment Companies (3:13)

Entertainment Networking Group (2:18)

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Management Software for the Entertainment Industry An “A-list” financial solution

Entertainment companies across the spectrum – production (film, TV, VR, new media, commercials, etc.), gaming, talent, support services and others – are constantly seeking ways to more accurately and efficiently manage their finances, track production costs, properly recognize revenue, consolidate results, report/analyze data, calculate and pay participations, budget and forecast accurately, and integrate with industry-specific systems. And, have it all done yesterday, of course!

Since inception, we’ve partnered with entertainment companies of all types to automate core financial processes, reduce reliance upon spreadsheets, integrate with industry solutions, and provide decision-makers with real-time information, when and how they need it. This rich history enables RKL eSolutions to offer proven solutions for entertainment companies, targeted expertise, and industry best practices shared by industry finance executives.
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Real World Results
Legendary Entertainment

"We’ve always known that RKL eSolutions is looking out for us. They’ve scaled with us as we’ve scaled—continuing to offer the same sound, informed advice and solutions that enable us to focus more on our business, and less on our accounting software."

- Dino Gioia, Senior Vice President of Finance

Industry Challenges Solved

Do any of the following media and entertainment accounting challenges sound familiar? If so, we can help!

Are you managing multiple companies/entities manually?

Our Technology Solution:

  • Manage unlimited entities
  • Share vendor, customer, project and item lists across entities
  • Centralize payable and receivables
  • Automate inter-company transactions
  • Automatically consolidate reports and dashboards
  • Add multi-currency and global consolidations when necessary

Your Benefits:

  • Instant roll-up reporting (single currency)
  • Consolidate operational reports by customer, vendor, project, and more
  • Accelerate monthly closes
  • Push-button consolidations (multiple currencies)

Do you lack the reports and insight needed to run the business effectively?

Our Technology Solution:

  • Create user-defined dashboards and reports
  • Report on an unlimited number of data dimensions (e.g., project, title, season, episode, channel, network, producer, etc.)
  • Include statistical (i.e. non-financial) data to calculate KPIs
  • Create accrual and cash-based reports quickly and easily

Your Benefits:

  • Make timely, data-driven decisions (finally!)
  • Stop relying on manual Excel
  • Create reports and dashboards without IT assistance
  • Provide self-service for execs and other stakeholders

Are your systems and workflow processes disconnected and disjointed?

Our Technology Solution:

  • Leverage integration with industry-specific applications (rights management, payroll, etc.)
  • Automate project accounting
  • Streamline revenue management (i.e., bookings, billings, renewals)
  • Create workflows and approval paths for automated accounts payable

Your Benefits:

  • Best-in-class finance + rights management, entertainment payroll, etc
  • Boost project success with a single-source for project reports, dashboards, and delivery details
  • Gain insight into future revenues, projected renewals, deferred revenue, and more
  • Adapt your changing business needs on the fly

Is your budgeting and forecasting process slow and painful?

Our Technology Solution:

  • Implement continuous planning and rolling forecasts
  • Include revenue, personnel, expense, capital, balance sheet and cash flow planning
  • Leverage key assumptions, driver-based planning, and “what-if” analysis

Your Benefits:

  • Reduce cycle times by up to 90%
  • Enjoy a comprehensive and flexible planning process delivered with speed and accuracy

Does your old or aging technology keep your business from growing?

Our Technology Solution:

  • Access via the web from any device
  • Use the latest version and newest features … always
  • Set your IT resources free: backups, data security, disaster recovery are all included with subscription

Your Benefits:

  • Rapid and enthusiastic user adoption
  • Scale entities and locations rapidly
  • Finance can truly “own” the solution
  • Integration guaranteed not to break

Financial Software for Film Distributors and Producers:

Film distribution and production companies face an increasingly challenging operating environment, including aggressive competition, an expanding array of distribution platforms, and ever-increasing reporting demands. Piles of paper, more spreadsheets, and longer hours are a short-term band-aid. Sustained success requires maximizing the strategic value of every single team member.

You need the ability to wisely leverage technology in order to do more with limited resources. That’s why leading film distributors rely on RKL eSolutions to boost reporting insight and visibility, automate repetitive manual tasks, and integrate with industry data. 

Sage Intacct

The #1 cloud accounting software in customer satisfaction, Sage Intacct delivers incredible value and deep functionality that automates complex processes and delivers rich financial and operational insights to help media and entertainment companies grow.

Discover Sage Intacct

Critical Business Solutions for the Media and Entertainment Industries:

With the complexities of managing finances, contracts, and payroll in the entertainment industry, having specialized software in place is essential for maintaining accuracy, compliance, and overall success. These critical tools help automate time-consuming tasks and provide valuable insights and analytics for strategic decision-making.

From managing production costs to ensuring talent gets paid accurately and on time, investing in critical business solutions is an "A-List" move for all media and entertainment companies looking to maximize their growth.

AP
Automation

Make your accounts payable process more efficient by slashing the time you spend on invoice approvals and payments by 60% or more with a cloud-based AP Automated software.

Learn More about AP Automation

Budgeting & Planning

Forecast, plan, and report accurate budgets with flexible budgeting and planning tools.

Learn More about Budgeting & Planning

Employee Expense Management

Quickly add your employees' cash expenses, upload their receipts, and automatically analyze their expense reports with employee expense management software.

Learn More about Employee Expense Management

Month-End Close Management

Organize, automate, and ensure the completeness of your current month-end close processes with our preferred workflow automation management solution.

Learn More about Workflow Automation

Production Accounting

Manage purchase orders, track actuals against your budget, pay vendors, and more with a fully integrated production accounting solution.

Learn More about Production Accounting

Rights Management

Manage the distribution of your content and intellectual property, track royalties, and maintain copyright and data protection compliance with rights management software.

Talent Payroll

Automatically create smart timecards with built-in union compliance for your production payroll needs with a talent payroll management solution.

Learn More about Talent Payroll Management

Latest Insights

Read our entertainment industry blog posts

Building Blocks for Entertainment: Multi-Entity Management

Mark Severance November 4, 2020

Building an A-List Accounting Team This blog post is a continuation in our series designed to help growing entertainment companies recognize and overcome some of the most common challenges in corporat...

Entertainment Sage Intacct

4 Benefits of Sage Intacct for Entertainment Companies

RKL Team August 13, 2019

Entertainment and media companies—such as content producers, talent management companies, and film distributors—have unique and sometimes highly complex accounting and financial management challenges,...

Entertainment Sage Intacct

Entertainment Finance & Accounting Professionals Networking Group

Sofia Pascuzzo October 14, 2019

The Entertainment Finance & Accounting Professionals Networking Group series was created to unite some of the industry's most innovative and forward-thinking individuals in finance and accounting....

Entertainment Sage Intacct Events

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