SVA's ERP Financial Reporting System Benefits Frank Productions

THE STORY

Founded in 1965, Frank Productions is a full-service concert promotion company that provides world-class services for live entertainment events in every type of venue throughout the United States. The third-generation, family-owned business is headquartered in Madison, WI. Frank Productions and its seven affiliated companies produce hundreds of concerts each year, selling hundreds of thousands of tickets for national artists like Metallica, Red Hot Chili Peppers, Muse and Brantley Gilbert, as well as many regional and local artists.

Due to the continued success of the business over many years, Frank Productions has grown into an organization consisting of seven legal entities with an increased level of complexity.  It became significantly more challenging to adequately manage financial performance, project costs, accounts payable, cash management, fixed assets, and expense entries with the entry level software they have been using for many years.  SVA Consulting listened to their challenges and helped the management team navigate through the process of selecting a more appropriate solution. 

During the discovery phase of working with Frank Productions, SVA Consulting identified a number of areas that new technology and the processes around them could dramatically improve, including the financial infrastructure of the firm as well as the visibility into operations 24/7.