LOS ANGELES – March 20, 2015 – FilmTrack, the global leader in contract and rights management, today announced a new partnership with Intacct, a leading provider of cloud financial management and accounting software. The combined offering provides clients with a seamless, integrated solution for managing their intellectual property from the script development stage through production, distribution, accounting, and financial close.
The integration of Intacct and FilmTrack provides a comprehensive, cloud-based platform for metadata, rights, financial, and accounting management information, providing full visibility across the entire content value chain from creation to revenue recognition. The integrated solution will support Metadata Management, Rights and Clearances, Avails, Revenue Recognition, Acquisition and Distribution Management, General Ledger, Accounts Receivable, PO/Accounts Payable, Cash Management, and Reporting/Analytics.
FilmTrack is currently used by more than 200 companies globally, including many of the most recognizable names in the media and entertainment industry, to manage and monetize their intellectual property. FilmTrack’s cloud-based software platform streamlines the complex intellectual property management process and provides a holistic view into critical data supporting rights, availabilities, contracts, invoicing, licensing, revenue recognition, royalties, and workflow management.
Intacct helps media and entertainment finance professionals increase efficiency and drive growth for their organizations. Intacct’s cloud financial software enables companies to automate their most important processes, reduce their reliance on spreadsheets, and gain greater visibility into their real-time business performance by project. The Intacct system includes applications for accounting, contract management, revenue management, project accounting, purchasing, vendor management, financial consolidation, and financial reporting.
MarVista Entertainment Vice President of Strategy and Business Development, Tony Vassiliadis, highlighted the benefits of the FilmTrack/Intacct solution: “As MarVista has doubled in size over the past two years and continues to grow rapidly, we needed a scalable system, adapted to the nuances of the entertainment industry, to manage our sales and automate the flow of information between departments. The integrated FilmTrack/Intacct solution enables us to seamlessly track our titles from start to finish - or from development and production, sales, and distribution to financial reporting and accounting.”
FilmTrack and Intacct will be exhibiting at the National Association of Broadcasters (NAB) Show from April 13-16th at Booth N4333 and will be jointly hosting demos and other events at the conference.
FilmTrack CEO Jason Kassin said: “This new partnership with Intacct is a win-win for FilmTrack and our clients, offering them access to the most comprehensive and efficient rights and financial management platform on the market. Intacct shares our core mission to help companies increase operating efficiency, automate their financial reporting and make better, faster decisions.”
Intacct CEO Robert Reid concurred: “Several top companies in the media and entertainment industry already use both Intacct and FilmTrack, and our systems working seamlessly together provides for better insight in to projects and their profitability. The integrated Intacct-FilmTrack offering drives right at the heart of some of the biggest financial and business challenges for media and entertainment companies.”
About FilmTrack
For more than a decade, FilmTrack has been transforming the way the media and entertainment industry monetizes, measures and delivers its content and related assets across every point in the intellectual property lifecycle. FilmTrack’s cloud-based software platform streamlines the complex intellectual property management process – from project inception to distribution – and provides a holistic view into critical data supporting rights, availabilities, contracts, invoicing, licensing, revenue recognition, royalties and workflow management. Backed by Insight Venture Partners, FilmTrack serves as both a front and back office to hundreds of clients worldwide including CBS, DreamWorks Animation, Endemol, eOne, Legendary Pictures, Miramax, National Geographic and Starz. Visit www.filmtrack.com to learn more.