3 TV & Film Production Accounting Challenges (+ How Overcome Them)

They say a problem shared is a problem halved – but here at Creative, we like to take things one step further and transform challenges into opportunities. 

Keep reading to discover how we can help your business overcome some of the biggest accounting and financial challenges facing the TV and film production industry whilst upping your productivity and helping you to make better-informed decisions. 

#1 Budget management

If you work in the finance department of a TV and film production company, you’ll be all too familiar with the budgeting challenges facing the sector. From unexpected expenses to project overruns, your day-to-day is full of twists and turns, making it difficult to accurately estimate and manage budgets across a number of productions.

So, how can we help you? Sadly, we don’t have a crystal ball to predict those unplanned events, but what we can do is offer an intelligent but simple solution that puts your financial data to work. Our Just-TV accounting software has been designed specifically for TV and film companies, allowing you to run your entire finance and production accounting from one convenient location. 

“Creative have allowed us to automate many of our day to day processes, which has enabled us to gain real time information quickly. We are excited by the further enhancements that this solution has to offer to ensure that we constantly improve our processes.”

Claire Snedker, Post Production Accountant, Hat Trick Productions

By providing complete visibility of financials across your whole business and multiple productions, Just-TV helps streamline your processes, facilitates seamless collaboration between teams, and make better-informed business decisions. Complete with real-time data, intuitive production cost management tools and a range of in-built budget management templates, our specialist production accounting software helps you to adapt confidently in the face of change and make small work of budget management.

#2 Compliance and reporting

The TV and film sector is home to numerous industry-specific regulations and financial reporting standards that must be adhered to. Covering everything from managing audits and tax filings to royalty payments, these niche requirements need specialist software to be managed efficiently and effectively.

With Just-ROYALTIES on side, say goodbye to the traditionally time-consuming, error-prone process of issuing royalty statements, and hello to effortless automation and real-time insights. Offering improved financial visibility, accurate, automated statements and clear, real-time reporting, Just-ROYALTIES is the perfect solution for Financial Directors, production accounting teams and Royalty Managers alike. 

#3 Talent management

Whilst finding the right talent at the right price is a challenge in itself, the admin that comes with it is another story. Traditionally, talent reporting has put a strain on production companies, with complex spreadsheets eating into your valuable time. But not for much longer…

Just-TALENT is the UK’s leading talent reporting software for production companies. It’s a specialist talent management and administration solution designed to make talent reporting a breeze, drawing on advanced automation and industry expertise to offer production companies next-level talent reporting capabilities:

  • Ditch the convoluted spreadsheets for real-time, accessible, and insightful reporting 
  • All the data you need is at the touch of a button with our automated reporting software
  • Calculate, generate and distribute statements with just a few clicks in our talent reporting software

To find out more about how our services and solutions could benefit your production or distribution company, book a free 1:1 demo with our Sales Manager, Matthew Ash.

Put spreadsheet headaches to bed once and for all!

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