CLIENT: Nationwide broadcast media company
Subsidiary of a global media and entertainment conglomerate — providing broadcast programming to 220+ affiliated stations across the United States.
CHALLENGES
- Generating contracts and bills for services supporting affiliates was a manual process with a significant error rate.
- Management desired a standardized means for recognizing revenue across the affiliates to eliminate inaccuracies.
RMK SOLUTION
- Designed, developed and delivered an Internet billing system to automate contract approval, billing, revenue recognition and the quarterly accrual process.
- Provided technical guidance and advice.
- Supervised quality assurance.
- Assisted with production implementation.
RESULTS
- The contract approval time was shortened by 37%.
- Revenue reports to management were produced in less than half the time with a higher degree of accuracy.
- Billing inaccuracies were virtually eliminated.
- Affiliates now utilize a common workflow for contract and bill processing — eliminating errors, delays and inconsistencies associated with prior processes.
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