benefits of revenue management services · for c-level staff direct access to your symphony mediaai...

2
The financial management and reporting for traditional cable and satellite license fees and VOD fees paid to cable programming companies has changed dramatically, due to industry consolidation, channel bundling, expansion of geographies, and the proliferation of new electronic sell-through and OTT distribution models. Cable network distribution agreements are complex and new digital and broadband revenue streams are now growth drivers for the cable networks. To manage this increased complexity and serve the myriad of internal stakeholders, affiliate finance departments have had to expand, requiring more people, specialized skills, software and management attention. This is costly. Because of these changes, cable programmers have turned to outside partners to manage affiliate finance functions. In doing this, cable programmers can more efficiently and economically manage their data, reduce employee management risks, re-purpose internal staff, and focus on strategic industry changes. An outside partner can help cable programmers realize significant benefits in three key areas: BENEFITS OF REVENUE MANAGEMENT SERVICES “Hidden” labor cost savings: Symphony MediaAI's highly trained, always-on team eliminates expenses related to: • Attrition, PTO, vacation, absence • Training, re-training (industry, job, software) • New employee search, hiring, on-boarding • Overhead charges to your Department Labor cost savings: The elimination of data entry and management staff yields significant savings and permits Software license fee: Symphony MediaAI's Revedia software is part of RMS. This eliminates the need for additional software or other related expenses such as training or IT. Symphony MediaAI Revenue Management Services (RMS) offers a scalable solution for programmers to manage license fees at an affordable rate. Symphony MediaAI flexibly “right-sizes” to your business needs to avoid additional, unnecessary costs. 1. COST CONTROL $ $ $ Hiring Symphony MediaAI to manage our affiliate finance operations allowed for us to seamlessly manage several seminal events in our company’s history. We moved our financial operations to another location across the country and we have undertaken several programming acquisitions. Having Symphony MediaAI as a contributing partner in our financial operations allowed us to manage these events with no interruption in quality of reporting and department productivity. Steve Smith, Executive Vice President Symphony MediaAI performs all monthly administrative tasks and provides you with a software interface to track subscribers and revenue down to the cable system level for any service, any region and any MVPD, with reporting available to you 24x7 . 2. FULL SERVICE

Upload: others

Post on 10-Jul-2020

1 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: BENEFITS OF REVENUE MANAGEMENT SERVICES · for C-level staff Direct access to your Symphony MediaAI account team Real-time agreement compliance management: • Real-time, updated

The financial management and reporting for traditional cable and satellite license fees and

VOD fees paid to cable programming companies has changed dramatically, due to industry

consolidation, channel bundling, expansion of geographies, and the proliferation of new

electronic sell-through and OTT distribution models. Cable network distribution agreements

are complex and new digital and broadband revenue streams are now growth drivers for the

cable networks. To manage this increased complexity and serve the myriad of internal

stakeholders, affiliate finance departments have had to expand, requiring more people,

specialized skills, software and management attention. This is costly.

Because of these changes, cable programmers have turned to outside partners to manage affiliate finance

functions. In doing this, cable programmers can more efficiently and economically manage their data, reduce

employee management risks, re-purpose internal staff, and focus on strategic industry changes. An outside

partner can help cable programmers realize significant benefits in three key areas:

BENEFITS OF REVENUE

MANAGEMENT SERVICES

“Hidden” labor cost savings:

Symphony MediaAI's highly trained, always-on team eliminates expenses related to:

• Attrition, PTO, vacation, absence

• Training, re-training (industry, job, software)

• New employee search, hiring, on-boarding

• Overhead charges to your Department

Labor cost savings:

The elimination of data entry

and management staff yields

significant savings and permits

Software license fee:

Symphony MediaAI's Revedia software is

part of RMS. This eliminates the need for

additional software or other related

expenses such as training or IT.

Symphony MediaAI Revenue Management Services (RMS) offers a scalable solution for programmers

to manage license fees at an affordable rate. Symphony MediaAI flexibly “right-sizes” to your business

needs to avoid additional, unnecessary costs.

1. COST CONTROL

$

$

$

Hiring Symphony MediaAI to manage our affiliate finance operations allowed for us to

seamlessly manage several seminal events in our company’s history. We moved our

financial operations to another location across the country and we have undertaken

several programming acquisitions. Having Symphony MediaAI as a contributing partner

in our financial operations allowed us to manage these events with no interruption in

quality of reporting and department productivity.

Steve Smith, Executive Vice President

Symphony MediaAI performs all monthly administrative tasks and provides you with a software interface

to track subscribers and revenue down to the cable system level for any service, any region and any MVPD,

with reporting available to you 24x7.

2. FULL SERVICE

Page 2: BENEFITS OF REVENUE MANAGEMENT SERVICES · for C-level staff Direct access to your Symphony MediaAI account team Real-time agreement compliance management: • Real-time, updated

Revenue Management Services include:

Monthly administration of all

license fee revenue agreements,

payments and data

Monthly processing of all

remittances down to the

system level

Full agreement compliance

measurement and monitoring

Agreement grid management

Month-end accounting close process

including the optional delivery of a

file into your GL software

All billing and invoicing of active

distribution MVPD agreements

Aging and collections management

Full documentation of all

adjustment detail

24x7 access to data

Fully trained, dedicated team

assigned to your account

Executive summary reporting

for C-level staff

Direct access to your

Symphony MediaAI

account team

Real-time agreement

compliance management:

• Real-time, updated data on

cable sub counts, subscriber

types, and cable system

configurations

• Real-time agreement grid

management

Future-proofing:

As payments, consumption and agreements get

more complex, Symphony MediaAI adds this

expertise to its services. We stay on the leading

edge of data and reporting so you don’t have to.

Use of resources:

Valuable staff expense is best applied to higher-value,

revenue generating tasks such as digital, sales, and

analytics instead of data entry, collections, or

troubleshooting. At the same time, the cost to

manage license fees remains stable and predictable.

Symphony MediaAI manages the affiliate finance function for more than 30 broadcasters and cable

networks, including more than 4,000 payments processed per month, covering more than 4,200

agreements. As a result, clients benefit from Symphony MediaAI's experience and best practices.

Collections and troubleshooting:

• Expert identification of reporting anomalies

(i.e.: which are likely only a monthly anomaly

vs. a true error requiring correction)

• Reduction in friction in troubleshooting with

MVPDs, who benefit from working with a

centralized, expert intermediary

MVPD performance

management system:

• Identification of

agreement violations

• Identification and notification

of all payment discrepancies,

errors and other issues

• 24x7 access to your data

on Revedia.com

3. VALUE ADDITION

Optimize your revenue with our expertise

For more information about Revenue Management Services, contact us:

+1-303-694-0444 (Main) www.symphonymedia.com

[email protected]

Symphony MediaAI is a trusted advisor to our team, assisting with the management of our

retransmission consent agreements and revenues. They have been a great partner in collecting

and tracking key components of our revenue stream. Their software platform, reporting,

and team members have been exceptional.

Roger Williams, Allen Media Broadcasting