From escrow to the Oscars - Centtrip launches end-to-end Film Finance Management
Setting a new standard for seamless, development-to-distribution transparency and control, Centtrip launches its new Film Finance Management solution.
Centtrip – the fintech favoured by the world’s largest superyachts, its biggest touring artists and international film productions – is proud to launch Film Finance Management, a uniquely comprehensive solution tailored to the complexities of the film and high-end TV industries.
Film Finance Management is designed to support and streamline every stage of the production lifecycle from assembling a funding package in escrow, through the fast-paced period of production, to receiving tax credits and collecting distribution revenues.
Built on the secure Centtrip platform and leveraging Centtrip’s 12-year experience across the film and TV sector, the new solution brings together escrow services; fast SPV onboarding; instant, fee-free transfers between multi-currency accounts; and integrated expense control.
For producers, production accountants, financiers and guarantors, the key benefits include:
Escrow services, agreements and accounts tailored to the needs of bond guarantors and financiers.
Fast and efficient SPV onboarding (typically within 48 hours).
Safeguarded, multi-currency accounts for escrow, production, collections and payments.
Instant, fee-free transfer between accounts on the Centtrip environment.
Multi-currency payments and FX services to protect against currency fluctuations.
High-limit, multi-currency payment cards for cast and crew.
Real-time reporting and integration with accounting and management systems to streamline daily cost reporting.
Centtrip's Film Finance Management puts the tools you need in one place, with role-based user access to ensure secure and streamlined collaboration.
“We understand the stresses and demands of the industry,” says Centtrip CEO Jane Turner. “Our platform was built for the internationally-mobile, fast-moving, high-spending nature of modern productions. Film Finance Management is designed to remove barriers and minimise delays – all the way from escrow to the Oscars – so producers can focus on bringing their dreams to life.”
Centtrip’s platform supports over £2 billion in transactions annually and is trusted by high-spending, fast-moving sectors around the world, from superyachts to superstars.
For more information, download Centtrip's Complete Finance Management Solution