®
FINANCE
INTRODUCTION
BENEFITS CONTINUED
Content & IP acquisition, production, and distribution
accounting can be cumbersome as the business of
monetization has become fragmented and calculating
revenue splits has become increasingly convoluted. It
is a challenge to support all the business models in a
single system. Each time deals are published or
amended finance departments either scramble to
reapply rules, adjust amortizations, process payment
schedules and royalties, and recognize revenue or
hunt for workarounds in multiple legacy systems.
Adding to this complexity, financials may be allocated
to multiple divisions and markets in various territories
and over different windows.
Ÿl Out of Box Integration with Key Systems:
Referencing the contract rights from RightsLogic Rights
In and Rights Out, RightsLogic Finance determines and
calculates royalties; all calculations are automatically
processed with SOX-compliant checkpoints.
Streamlining this process could dramatically improve
productivity across your business divisions. RightsLogic Finance is an efficient sub ledger tool that
enables your organization to have a transparent,
real-time view into asset financials and reports while
validating each asset against rights and other
business rules, ensuring accurate accounting practices with full transactional traceability.
Ÿl Robust Validation: The system validates all
payments for accounts receivables within contractual
guidelines and terms, saving a significant amount of
time by eliminating manual validations.
Ÿl Streamlining of Monthly Close: Major cable
networks spend up to two and a half weeks each month
to close their books, costing at least half a million dollars
monthly. By implementing RightsLogic Finance, the time
required to close their books can be reduced to one
week, providing marked savings each month.
Ÿl Variance Reporting: RightsLogic Finance produces
variance reports, providing visibility into the budget
down to the transaction level, ensuring non-inverse cash
flow.
BENEFITS
Ÿl Product Line Accounting: Instituting functionality to
support product line accounting, RightsLogic Finance
allows transparency into all transactions associated at
an asset level. This feature allows you to track the return
on investment and net book value status with only one
action.
Ÿl Business Efficiency: RightsLogic Finance has an
integrated workflow that brings together business
affairs, finance, and accounting personnel and ensures
compliance to all financial obligations.
Ÿl Financial Calendar: Every business is different and
follows a different financial calendar. RightsLogic can
support financial calendars such as week financial year
or calendar year.
Ÿl Multiple Processing Methods: RightsLogic
Finance supports multiple processing methods for cost
capitalization, amortization, and revenue recognition.
Ÿl Non-Linear Content: RightsLogic fully supports
end to end financial processing of non-linear content
including payments, asset value, and amortization
based on customer subscriptions, purchases, or
transactions.
Ÿl Automated Adjustments: Amendments to
contracts notify all relevant personnel who can reapply
rules to adjust assets, liabilities, amortization, and
revenue schedules.
Ÿl True Multichannel Support: RightsLogic Finance
handles immense amounts of processing. It permits
transparency at the transaction level and ties in budget
lines, helping to calculate the return on investment per
deal, allowing executives to evaluate assets for
Ÿl Contract Conversion: The Finance module
converts contract currency into base currency using
relevant FX rates stored in the system.
PROCESSING
Ÿl Payables and receivables
Ÿl Royalties management including multi-tiered revenue
splits paid on gross or net revenue
Ÿl Asset valuation (assets and liabilities) by deal type, asset
type, region, network, exhibition window, and usage
Ÿl Amortization by business unit, region, window, asset, or
asset grouping based on straight line starting with the
license period, first airing, event, or usage
Ÿl Process payments, asset valuation and amortization
based on cost per subscriber numbers across linear and
non linear platforms
Ÿl Intuitive ways of capturing formulas for variable costs
Ÿl Revenue recognition by business unit, region, window,
asset or asset grouping for fixed fees, variable fees and
minimum guarantees
Ÿl Adjustments, accruals, and guarantees
Ÿl Process and validate licensee statements
POSTING TRANSACTIONS
Ÿl
Ÿl
Ÿl
Ÿl
Ÿl
Ÿl
BUDGETS, FORECASTING, COMPARISONS,
& VARIANCES
Ÿl Revenue forecasts and operational budgets, financial
modeling, and tools for sales
Ÿl Budgets and production calendars for automating the
tracking and impact of programming development or
acquisitions on annual budgets
Ÿl Forecasts, budgets, and what-ifs: Apply various
financial modeling methodologies to prospective deals
Ÿl Forecast and actualize the number of linear and
non-linear subscribers
REPORTS
Post assets, liabilities, and distribution expenses
Bad debt tracking
Royalty estimation and revenue recognition
Currency conversion and tracking gain/loss
Intracompany transactions
Seamless posting from RightsLogic to any financial
system such as JD Edwards, SAP, PeopleSoft, and
others
Ÿl Monthly variances by deal and transaction
Ÿl Accounts receivables, accounts payables, and sales
history
Ÿl Amortization
Ÿl Revenue transactions
Ÿl Net book value
Ÿl Monthly comparisons of actuals vs. estimates
Ÿl Budgeting
Ÿl Journal history for all transactions
Ÿl FX conversion and currency gain/loss
Ÿl Payments based on transactional VOD, pay-per-view
purchases across different platforms
WWW.RSGMEDIA.COM - [email protected]
NYC
450 Lexington Ave., 4th fl
New York, NY 10017
LOS ANGELES
12655 W. Jefferson Blvd.
Los Angeles, CA 90066
LONDON
2 Sheraton St.,
London W1F 8BH
GURGAON
1st. Floor, Tower B
Millennium Plz. Sector 27
Sushant Lok 1
Gurgaon, Haryana
122002, India
MEDIA