Case Fremantle Media
Putting on a show without seasonal resource issues
Fremantle Media is one of the largest television production companies in Finland, with highly seasonal and project-oriented business operations. The company has adopted a purchase and travel invoice cloud application from Efima.
One of the largest television production companies in Finland, Fremantle Media produces popular entertainment formats—ranging from the Finnish versions of The Apprentice and Pop Idol to X Factor—as well as a number of local drama series. Its business operations are highly seasonal and project-oriented, with each project having a clear starting point and closure. On an annual basis, the company may employ anything up to 1,400 people, but there is huge month-to-month variance. Projects also differ from one year to another, creating challenges for meaningful comparisons between accounting periods. Being part of the international Fremantle Media Group, the local finance management of Fremantle Media in Finland is also subject to the parent Group’s requirements.