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Scaling for Success: Arrow Media's Financial Transformation
Arrow Media needed a scalable solution for financial and production accounting. Creative implemented Dynamics NAV (now Business Central), which has adapted well over time, thanks to ongoing testing by Phil Cooper at Arrow. For 13 years, Creative has provided tailored support, guiding Arrow’s transition to a cloud-based system fit for TV production.
Media
Overview
Scaling for Success: Arrow Media's Financial Transformation
About Arrow Media
Arrow Media has quickly grown from an indie start-up to a creative powerhouse.
Arrow Media’s portfolio now includes many hundreds of hours of programming across science, crime, adventure, nature, documentary and history, for the UK, US and international markets, across all platforms and formats. The company has had huge success as an organisation in a very short space of time, including growing its turnover from £8m to over £20m in just four years.
The Challenge
The owners of the newly formed company were very experienced, and their team at Arrow Media wanted to put in place a solution that would be futureproofed for scalability. They knew they were going to grow fast from the word go.
The solution had to be one that allowed them to not only run their core financials, but also allow the capture of their key production accounting data.
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The Solution
Creative implemented Dynamics NAV (now Business Central) and used the projects and Dimensions in NAV to drive the production accounting necessary for Arrow.
Creative had done something similar for another big TV company, and this knowledge and experience was well used to design the core system. Projects provided a structure that really allowed production accounting to a schedule expense level, as much as you can do in a finance system, without an actual cost manager.
The Outcome
A system that has stood the test of time for Arrow and continues to deliver against the finance and production needs. A lot of the success has been down to Phil Cooper at Arrow who took ownership of the system and is always significantly testing every function and process. This is imperative when you go through versions of software over such a long period. His feedback and knowledge is so helpful for both us at Creative and Arrow themselves.
The system has allowed Arrow to account on hundreds of productions since implementation and provided a core set of finance and production data that was necessary for the purchase by Fremantle.
“Arrow International Media (now part of the Fremantle group) are a TV production company which have been supported by Creative since Arrow’s inception 13 years ago. Creative have tailored our version of NAV now Business Central to work really well in the area of TV production. Creative have seen us through many upgrades to now Business Central cloud. They have always been very supportive, knowledgeable and excellent communicators.”
Phil Cooper
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