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The rapid rise of digital entertainment has made rights management functions more complicated than ever before. With FilmTrack Financials, media & entertainment businesses can navigate today’s fragmented landscape with ease.
Used by hundreds of organizations worldwide, FilmTrack’s financial management solution minimizes tedious manual tasks and reduces administrative burden. Here are some of the key benefits of our software:
Maintain Control of Your Data
Forget fighting with spreadsheets or adding additional system integrations into the mix. FilmTrack’s cloud-based platform allows you to store all critical financial and contractual information in a secure, unified location.
Increase Data Integrity
Say goodbye to inaccurate data once and for all. After importing rules pertaining to royalty statements, FilmTrack automatically completes all calculations and double checks for discrepancies, ultimately saving valuable time and resources.
Flexibility at Your Fingertips
FilmTrack equips on-the-go leaders with relevant, contextual financial insights in real-time. Access important reports and information via computer or tablet –– at any time, from anywhere.
Streamline Complex Financial Processes
Quickly access important revenue data pertaining to royalties, participations, and financials in real-time. With FilmTrack, you have the ability to:
Operate efficiently across every department.
When critical financial information is stored in a central repository, departments are able to work independently, but are also connected to the whole. By implementing FilmTrack, our clients have reduced barriers between departments, increased transparency, and improved productivity. Here are some of the ways FilmTrack can help your business departments find success:
Sales
With the numerous distribution channels that exist in today’s digital economy, sales teams need to be able to clearly identify and exploit each and every revenue opportunity. FilmTrack’s real-time availabilities reports provide teams with a bird's eye view into the content they have to sell.
Acquisition
Content performance metrics are crucial. FilmTrack offers complete financial tracking all the way down to the episode level, allowing teams to understand what titles are working and how to evaluate future acquisition opportunities.
Finance & Legal
FilmTrack offers the most robust financial capabilities of all rights management vendors in the industry. From scheduled collections and billing groups to fee calculations, royalties, and participations, finance and legal teams can easily manage important revenue data from one easy-to-use, secure location.
Marketing
FilmTrack provides a granular breakdown of all costs incurred during pre-production, filming and post-production, allowing teams to determine how much money can be utilized for the promotion of a film or TV series.
In the world of business, partnerships are often the best recipe for success. Whether your business is looking to get off the ground, looking for new streams of revenue, or has hit a plateau and is looking to break through to that next level, teaming up with someone else who’s trying to do the same thing can be a win-win. One common way this is done is through brand and product licensing.
In the 2020 Winter edition of the MESA Journal, FilmTrack's current COO Michael McGuire explains how the pandemic has impacted the entertainment industry and how that impact may have fundamentally changed the industry moving forward. Most notably the halt of production and the shutdown of theaters has put tremendous value on existing libraries. Utilizing software such as FilmTrack to fully understand what is currently available for sale or distribution, as well as what will be coming available and when, has become imperative to not only conduct business as usual but thrive in the current economy.