In our industry, whether you are a large studio or a small independent, production managers must juggle multiple productions at the same time – a highly skilled job requiring good leadership. As the production team sees increased work loads, a cool head and accurate information is fundamental.
The exceptional multitasking and attention to detail required, makes the production manager’s job one of the hardest in the entertainment industry – a fact highlighted in a recent episode of “The Rest is Entertainment” by insiders Richard Osman and Marina Hyde.
If only there were extra hands to help share the load!
Whilst tightening budgets constrains adding new team members, there is help available with something equally as effective – specialist digital tools to keep you on track.
Production and Cost Management Software
Although digital tools have been around for decades, the technology available changes all the time. The most popular systems are pretty good at doing one thing – like cost management or financial reporting.
You now have specialist Film and TV cost management software that tracks multiple productions across departments, centralising the information needed to monitor progress and coordinate tasks.
Multi-user in structure, some platforms provide accurate real-time visibility into schedules, budgets, and resource allocation, giving you the overall picture you need, live.
But what if you could take it one step further and co-ordinate your work with that of the accounting team?
Here’s where OctopusPMI comes in.
With OctopusPMI you can share data in real-time, allowing you to track expenditure, manage purchase orders to ensure adherence to each production’s allocated budgets, with your production as well as finance teams.
By maintaining close collaboration and sharing relevant financial data with the accounts team, as you would with production colleagues, you can ensure effective budget management, cost control, accurate financial reporting, and overall financial oversight.
With one system across your company or group, you can effectively manage multiple productions concurrently, enabling budget discipline and delivering on time.
Why OctopusPMI?
OctopusPMI is a leading end-to-end production and financial management solution used by TV and Film production companies worldwide to support productions of all sizes and genres, including animation, factual, and award-winning dramas.
But don’t just take our word for it, our clients are happy to share their views on both the product – OctopusPMI and the consultancy services provided by our industry experts at KAI.
Our clients praise OctopusPMI for having all the production finance management tools needed in one solution – from initial budgeting to final cost reports. Others say that OctopusPMI provides centralised reporting for both corporate and production needs and has helped them to save time and improve accuracy. Some clients use OctopusPMI across multiple productions and appreciate the way KAI has developed the product in conjunction with the TV production sector.
So if juggling multiple productions across your group is creating stress, then it’s a good time to find out more about a unified production cost management and financial reporting tool such as OctopusPMI.
It might just give you the free “you” – you’re looking for.