The media and Entertainment Industry is taking new shape every day. The development of new media platforms and entertainment software and applications are boosting the industry.
How important is it to embrace ERP for the smooth operation of Media and Entertainment Industry ?
ERP for Media and Entertainment Industry enables strategic planning in the competitive media industry. It helps to reshape the traditional sector. Software support can offer a single point solution to all operational hurdles in the entertainment industry.
Enterprise Resource Planning Software can offer you support for controlling all media-related production activities. Unlike the manufacturing industry, the media industry requires support for scheduling program production. Different media like print, news, and other visual media can customize ERP to suit their needs. Odoo ERP helps to plan all production processes in the Entertainment Industry.
Printing and publishing operation management
There is no need to go the manual way of controlling printing and publishing activities. The Open Source Software solution can streamline all aspects of the printing and publishing part of the media industry. Scheduling the printing time, page limits, and space allotted for different purposes are possible with Odoo; this also assists media management to automate deadline management and alert generation.
Project and assignment management
Odoo project module enables the media and entertainment companies to assign projects to different employees. Work allocation and deadline setting become effortless with ERP for Media and Entertainment Industry. The flow of the project and the completion stages can be viewed with a click. It also enables the real-time monitoring of project status. Odoo ERP tool gives a boost to project assignment, follow up, and timely completion.
Manage the database of subscribers or viewers
The smallest to the most extensive media companies can use the Odoo ERP platform to manage the different databases. Enterprise Resource Planning Solution provides you with the facility to manage the database of subscribers. While print media can manage the database of readers, visual media can manage the record of viewers. New media ventures can make also make use of the ERP system to auto-update on subscriber numbers. It will also help to plan future projects accordingly.
Telecast time and rating management
Entertainment media thrive on the rating and subscription number. Whether it be a movie or any other entertainment, the customers are the audience or readers. The ERP systems can enhance customer satisfaction by scheduling the telecast time. It can also help you prioritize the program. The setting of prime time programs based on each program’s rating is also possible with the ERP platform.
Advertisement and time and space management
Advertisement is the source of revenue of any media and entertainment industry. The time slot allocation or place allocation for advertising is a major part of the business. With Odoo support, a media and entertainment company can easily schedule time slots and space slots for advertisement. The use of an e-platform will eradicate the chances of duplication of slot allotment. The available time and space slot can be reviewed quickly. Besides, the price for different time slots can also be fixed based on the rating and viewership.
Improve Content management
With ERP integration, project allotment, content generation, and content placing gets synchronized effortlessly. The status of content and the proposed allotment of time and space can be fixed without difficulty. Implementing ERP for Media and Entertainment Industry will help the organization to monitor and review each content and available time and space slots. Besides, the subscribers’ review of the content can also be integrated with content management.
Electronic Document Database
Odoo, the best ERP software, offers the perfect solution for electronic document database management. The documents and details of all clients, advertisers, partners, shareholders, and others can be managed without a struggle. The details of employees, past employees can also be managed with ERP tools. It will also enable automated e-mail communication with the clients and others to update them about developments.
Finance management support
Odoo Finance can be integrated with the Entertainment business. It provides you with a cloud-based platform to manage every aspect of accounting and finance management. Advertisement revenue, sale revenue can also be organized with the Odoo tool. Besides, all expenses, including salary, maintenance, and taxes, can be documented and calculated with ERP.
Plan market operations
Odoo is the best ERP system that can help you analyse and review the market conditions. The report generation feature helps to realise the role of each client. It can also assist in analysing the profit of the company. Such a feature helps managers and investors to improve marketing strategies to increase revenue.
Contract and copyright management
Media and Entertainment Company has to deal with many copyright-related issues and laws. An ERP implementation company can serve you to address this need in a well-defined manner. Setting copyright conditions and checking violations can be done with the help of the ERP platform. Besides, it can also help you manage contracts and agreements with clients and artists. It will prevent legal issues.
Like any other industry, Media Industry needs the best employee management software support for its smooth operations. Human Resource Management ERP of Odoo can be integrated to help employee recruitment and performance appraisal. Department management and coordination of different departments also become simple with software support. It also supports attendance and leaves management.
Planning the shift hours of employees helps to improve productivity. Odoo Timesheet provides you with the perfect tool to set work hours for the employees. It allows us to record the scheduled work hours and effective work hours. It also enables a user to mark field duty and official duty.
Are you finding it tough to manage the salary system?
Salary management becomes a painless task with the efficient use of ERP. Gone are the days when the accounts department had to do all the calculation works manually. In the paperless world, ERP technologies help to calculate salary for permanent and contract employees based on their work hours.
ERP integration helps different departments to coordinate maintenance works. It helps to manage the repair calendar and carry out all works on time. This avoids wastage of money and improves productivity. Request raising for maintenance of equipment and approval for request gets simplified with the open-source software solution.