Page Navigation
Finance
Acquisition, Production, and Distribution accounting can be cumbersome. When deals are published or amended, the Finance department must scramble to re-apply rules to adjust amortization, payment schedules, and ultimates. Adding to this complexity, amortization and assets may be allocated to multiple divisions and over different windows. When event driven criteria are met, the system must remind the business affairs personnel that payments and participations are due.
Streamlining this process could dramatically improve productivity across your business divisions.
RightsLogic® Finance is a state-of-the-art, next generation media accounting tool that enables your organization a transparent real-time view into your assets’ financials. A fully integrated part of the RightsLogic suite, and interoperable with Rights In, Rights Out, and Program Planning & Scheduling modules, Finance facilitates a streamlined workflow including full circle validation against rights and other business rules.
RightsLogic Finance Module Benefits:
- True Multichannel Support: RightsLogic permits transparency at the transaction level, and ties in budget lines, helping to calculate the return on investment per deal, allowing executives to evaluate assets for performance in other markets.
- Out of Box Integration with Key Systems: Referencing the contract rights from RightsLogic Rights In and Rights Out, RightsLogic Finance determines and calculates royalties and participations; all calculations are automatically processed with Sox compliant checkpoints.
- Robust Validation: The system validates all payments for accounts receivables within contractual guidelines and terms, saving a significant amount of time by eliminating manual validations.
- Streamlining of Monthly Close: Major cable networks spend up to two and a half weeks each month to close their books. By implementing RightsLogic® Finance, they plan to reduce the time required to close their books to one week, saving them thousands of dollars on monthly basis.
- Variance Reporting: RightsLogic Finance produces variance reports providing visibility into the budget down to the transaction level, ensuring non-inverse cash flow.
- Product Line Accounting: Instituting functionality to support product line accounting, RightsLogic Finance allows transparency into all transactions associated at an asset level. This feature allows you to track the return on investment and net book value status with only one action.
- NBV At-A-Glance: Amortization and net book values are automatically calculated, so at any time you can see the net book value of all assets across groups and can view the history of how your assets are amortized.