Industry Leader Provides Key Insights Into Finance, Budget, and Profitability for Creative Firms
ANTHEM, AZ--(Marketwired - January 18, 2016) - Workamajig, the worldwide leader in integrated software for ad agencies and others in the creative and design industries, announced publication of a new guide to navigating the challenges and pitfalls of finance and budget management in creative firms and agencies. The guide, Finance and Budget Planning for Creative Agencies, is available for free download at http://www.workamajig.com/guide-finance-management-budget-management
Operation of a creative agency presents numerous finance and budget challenges that can be rare outside of the industry. As a result, conventional accounting and finance wisdom may not be applicable or accurate within the agency context. Some of the key concepts addressed in the guide include:
- Managing the use of contractors and outside vendors
- Budgeting around variable and unpredictable income sources
- Troubleshooting common financial and budget issues
- Common forecasting mistakes and how to avoid them
- What to do about consistent budget overages or estimate problems
"The unique processes of creative agencies require a specialized approach to forecasting, managing, and tracking budget, invoicing, and other financial resources," says Ron Ause, Workamajig's Director of Marketing. "Our newest guide explores and addresses the unusual challenges that accounting and finance teams often face as a result of the complex nature of creative agency operations."
Workamajig's enterprise resource planning (ERP) platform, specially designed for creative agency management, provides an integrated management solution for simple and powerful oversight and management of agencies and in-house creative teams. Agencies interested in learning more about Workamajig can request a demonstration by visiting http://www.workamajig.com/request-a-demo.
Workamajig, one of the first Web-based, cloud-enabled project management systems, helps meet the transient needs and challenges faced by advertising agencies, design studios, in-house creative departments, and public relations firms to deliver results on deadline with available staff and resources. For more information, visit http://www.workamajig.com.