In March 2019, Animaccord brought Alexey Alexeev on board as their new Finance Manager. One of Alexey’s first tasks was to set up the Financials section of Mediabox-RM, so Animaccord could begin accepting royalty reports and issuing invoices through the system, as soon as possible. Initial focus was placed on adding key accounts (the 20% of customers that accounted for 80% of the revenue), and then adding the rest.
This stage of the process included setting up payment types according to PL lines, from gross revenue to net revenue. For geographical division, they utilized the system’s Contract Tags to classify contracts into six regions: WW, EMEA, APAC, CIS, South America, and North America.