Estudos de caso: Entertainment || 155
Client Profile:
Based out of New York, an entertainment company known for its best-in-class content studio and production across Documentary, Live, Experiential, and Brand Partnerships was looking for a business management & financial consultancy firm to help with
suas operações e crescimento de negócios. Originalmente, trazido por uma empresa global de private equity, a empresa de entretenimento se concentra em projetos e filmes criativos que abrangem esportes, cultura e assuntos globais. Este estúdio cria entretenimento significativo que desencadeia a imaginação de pessoas em todo o mundo e foi apoiado por um lendário executivo de mídia e liderado por um produtor vencedor de vários empréstimos. UP
Challenges
- A newly formed legal entity, only an EIN established.
- No bank accounts set up.
- No payroll and benefit provider set up
- Nenhum sistema contábil no lugar
- Sem cobertura de seguro
- Múltiplas produções em andamento sem sistema contábil local e folha de pagamento de produção
- Uma start-up que requer todas as atividades financeiras e operacionais para executar uma empresa || 193
Key Tactics & Solutions
- Created an infrastructure of processes to enable key finance activities such as accounts payable, accounts receivable, travel & expense, audit, taxes, payroll, HR, and financial reporting.
- Collaborated with multiple third-party providers to secure insurance coverage, payroll and benefits, travel & expense system and credit card management.
- Implemented NetSuite as the system of record for accounting and financial reporting.
- Established the foundation of production accounting including cost reporting, on-boarding/off boarding of crew members and production payroll.
Achievements
- Implemented NetSuite, an accounting system, within a week of engagement.
- Immediate creation of an Accounts Payable process including a Vendor Master File set up and a weekly invoice review cadence.
- Financial reporting in place
- Sistema de folha de pagamento e benefícios em funcionamento no primeiro período de pagamento, incluindo a integração sem costura de novas contratações. coberturas de seguro.
- Established a bank account within the 1st week of operations, managed cash, and set up a money market fund that yielded $100,000 of interest income in the 1st month.
- Production payroll and accounting set up within the 1st month of
operations including business insurance coverages.
