December 5, 2024
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AI: Production Finance’s Next Toolset

The Wrapbook Founders
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The Wrapbook Founders

Wrapbook was founded in 2018 to be a force multiplier for production—an indispensable tool that would simplify payroll, streamline production accounting, and amplify finance teams' efficiency, accuracy, and output.

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Disclaimer

At Wrapbook, we pride ourselves on providing outstanding free resources to producers and their crews, but this post is for informational purposes only as of the date above. The content on our website is not intended to provide and should not be relied on for legal, accounting, or tax advice.  You should consult with your own legal, accounting, or tax advisors to determine how this general information may apply to your specific circumstances.

Last Updated 
December 5, 2024
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The entertainment industry is evolving rapidly, and production finance and accounting teams are facing mounting challenges—tighter budgets, greater scrutiny, and unrelenting demands for speed and accuracy. What’s more, current tools aren’t keeping up, with legacy software and outmoded tech saddling finance teams with cumbersome workflows and fragmented data.

But it doesn’t have to be that way. What if the tools you use every day could do more than keep up? What if they could empower you to make decisions faster, collaborate better, and stay focused on what’s ahead?

Announcing AI-empowered workflows

In 2025, Wrapbook will introduce AI features that help production finance and accounting teams work faster, get answers to their questions in real time, and have confidence in those answers. These include:

  • Reports you can search with simple questions : Pull your industry standard reports with the questions on your mind, e.g., just enter 'what were my costs from Jan to July 25?’ 
  • Automated invoice processing: Automatically extract and match invoice data from a document. Streamline your accounts payables workflows with AI reducing manual effort and increasing speed. 
AI - Production Finance’s Next Toolset - Wrapbook - General Ledger Report
Increase work efficiency and get the answers you need in real time with our AI tools.

These features act as a force multiplier for finance teams, increasing output without increasing labor efforts or costs. And this is just the beginning—these two features offer a glimpse of what’s ahead on our AI roadmap, with even more innovations in development.

It’s about the pace of meaningful innovations

Innovation is about solving problems. Our AI solutions focus on increasing your team’s efficiency, not chasing buzzwords or adding trendy features for the sake of grabbing headlines. We move quickly to address your pressing needs today, while continuing to build for tomorrow, all with a commitment to thoughtful, impactful change.

This approach isn’t new for us. From the beginning, Wrapbook has evaluated emerging technologies with speed and care, focusing on tools that truly accelerate our ability to deliver on our mission. For example, our early adoption of cloud-based payroll solutions allowed us to streamline processes long before they became industry-standard. With every decision, we prioritize innovation that solves real problems and sets up your production company and finance teams for lasting success.

Building tools you can trust

Trust is essential in production finance, where accuracy and security are non-negotiables. Wrapbook’s AI roadmap is built with trust at its core—allowing you to leverage the power of AI without sacrificing control over the results or your ability to review and make changes throughout the process. We do not allow any third-party AI models to train on our customers' data.

Our commitment to trust goes beyond technology. We actively listen to your feedback, ensuring our solutions evolve to meet the unique demands of your projects. With Wrapbook, you gain a partner dedicated to empowering your team with confidence and reliability.

As we release AI-powered features, we’re committed to transparency. You’ll have a clear understanding of how these tools work and how they’re being used. And that transparency goes both ways: we believe in building the next generation of solutions together, so that you can influence the future of production finance with your input and real-world expertise.

Wrapping up

Wrapbook invites you to imagine a new reality for production finance—where workflows are seamless, payroll is secure, and every decision is backed by intelligent data. With a platform that evolves alongside your needs and a team committed to your success, we’re here to help you operate at your best.

Join us in redefining what’s possible in production finance, and see how Wrapbook can transform your next project. Discover how our newest features and updates are helping production finance teams here.

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