Customer Case Studies

Customer Profile Case Study: RIVR Media | 1 Executive Summary Previous Solution: • QuickBooks Results with Sage Intacct: • Powerful multi-entity, multi-dimensional general ledger improves project and financial visibility • New reports empower producers to make be er informed, more timely decisions • Streamlined inter-company financial processes shorten monthly close by 3-4 days, and save more than 125 person- hours each month • Cloud-powered efficiencies help eliminate $100,000/year in headcount and IT costs Sage Intacct has freed my team up to focus less on tedious transactions, and much more on analysis and reporting that adds value to the business. At the same time, it's saving us $100,000 every year from reduced headcount and IT support, and has put us in a great position to handle whatever volume comes our way as the company scales. –Mark Bellich, CFO, RIVR Media Making Sense of a Complicated Entertainment Business RIVR Media is a leading independent television producer with more than 100 hit shows such as Escaping Polygamy on LMN and Renovation Realities on DIY Network. Every show takes approximately six to nine months to complete, and includes up to thirteen episodes–each with its own projected budget and costs. Previously, the company's finance team a empted to track all this project data in QuickBooks, which was nearly impossible even a er adding hundreds of different account numbers in order to overcome the system's shortcomings. "Even though we produce reality shows day-in and day-out, behind the scenes we struggled to extract reality out of the complex financial transactions that were required to manage five separate companies and dozens of ongoing projects," said Mark Bellich, CFO at RIVR. "We knew we needed to get our accounting data out of QuickBooks and Excel, and Sage Intacct was the perfect fit for us. It supports our multi-entity environment, gives us a single chart of accounts, makes consolidations and monthly reporting simple, and gives us full visibility into all our shows across various cable networks." The company worked with LBMC Technology Solutions to migrate from QuickBooks to Sage Intacct's cloud ERP so ware, and integrated the system with Nexonia for more efficient time and expense management. Thanks to this best-in-class approach, RIVR's finance team was able to get a solid grasp on its increasingly complex business environment. Managing the Full Project Lifecycle from Pilot to Finale With Sage Intacct's flexible general ledger approach and project accounting capabilities, RIVR can now tag each financial transaction with key dimensions that immediately a ribute it to a customer, a series, and even an individual episode–creating much be er transparency at the project level. Prior to Sage Intacct, the finance team o en spent up to six hours trying to extract the right project detail when it needed a high-level summary of individual project financials. Even then, they were unable to track specific cost element details.

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