Using a traditional banking method when operating in so many locations, leaves studios open to:
Increased currency risk from spending and sending large amount of money across borders
Lack of control on expense management where cash or individual accounts are used for spending
High costs for location or equipment where the exchange rate changes after a price is agreed
Using a cross border platform can help solve all of these issues, ultimately reducing the production cost of creating a piece of work.
Key problems solved
Improve logistics
Where it is paying suppliers for equipment hire, or wanting to reduce the use of cash on set, opting for a centralised multi-currency platform can aid with improving the logistics money management.
Expense management
Expenses can be tracked & managed by production, team, location, or person through individual virtual cards. Each can have its limit, budget, and workflow. This also syncs to a central platform for full use.
Payroll
Manage international payroll with batch payments made from multi-currency accounts. This allows you to agree on a rate upfront and upload payments en masse.
Large transactions
Pay for large transactions, like location fees, through currency brokers and take advantage of forward contracts and other currency risk tools that can reduce exposure to currency fluctuations.
Recommended TV and film provider
Equals Money is our recommended provider for TV and film companies. They offer the flexibility on card use and a nice range of local multi-currency accounts.