Telemundo Network Group, LLC is
the fastest growing Spanish-language television network, reaching
90% of U.S. Hispanic households through 40 affiliates and
10 full power UHF stations throughout the United States and
Puerto Rico.
Business Challenge
Telemundo had four different non-integrated accounting systems
and an outdated reporting software package which prevented
real time access to financial management and efficient processing.
The company needed to upgrade its software to accelerate its
internal reporting, including purchase order processing, financial
forecasting, information management and billing.
Solution
To shorten month-end closings and eliminate report generation
inefficiencies, Telemundo decided to switch to a Microsoft
Great Plains eEnterprise Solution. Citrine Technologies completed
the implementation within 90 days. This involved data migration
and integration from multiple systems, as well as integration
from the company’s traffic system. Additionally, Citrine
Technologies developed a comprehensive financial reporting
package, which consolidated all financial information into
an easy to access resource.
After implementation, Citrine Technologies provided training
on the use of the software for remote locations and assisted
the company with business process changes. During this implementation,
all of Telemuno’s financial systems were centralized
in their Miami headquarters, and applications were accessed
via the Web using Citrix web-based technology. The result
was elimination of inefficiencies and complete access to their
business data.
Benefits
Reduced month-end closings from 2 weeks to
2 days
Access to real-time reporting and production
of concise management reports that are web-based
More efficient cost controls, forecasting
and purchase approvals through the use of the Purchase Order
Processing module
Processing of inter-company transactions
between affiliates
Tight bank controls by utilizing Positive
Pay for check processing and Electronic
Reconcile
for bank statement reconciliation.
Accolades
“As a Controller, the fact that I was dealing with CPAs
was very important to me. I found that not only did Citrine
understand the IT functions, but they also understood debits
and credits, and that was a huge plus. Another important thing
is that we have solid local support which is very responsive
to my requests.”
“ Microsoft
Great Plains and our partner, Citrine Technologies, have given
us a complete system that allows us to process information
and do the billing quickly and efficiently.”
