FAST Platform Infographic
The FAST Platform (Full-Stack) is a comprehensive software suite that streamlines financial and accounting processes for film and TV production. The platform consists of three key software components, each designed to handle different aspects of financial management. First, the payroll processing software automates payroll calculations, tax withholding, and other related tasks. Second, the accounting system provides bookkeeping functionality, including ledger management, financial statement generation, and tax reporting. Finally, the FAST Platform itself is a digital hub for managing accounts payable, purchase orders, check requests, petty cash processing, and internal approval workflows.
The infographic illustrates the various documents and processes involved in financial management, specifically related to production accounting. The graphic is organized from left to right, with the left side showing the types of documents that production accounting receives from crew members. These documents include receipts, timecards, purchase orders and invoices. On the right side of the graphic, we see the documents that are produced by production accounting, such as payments, financial statements and cost reports.
In the middle of the graphic, we can see the core software components of the FAST Platform, which do the bulk of the work digitally, using AI and remote processing capabilities.
These three software packages include payroll processing, an accounting system for bookkeeping, and the FAST Platform for digital accounts payable, purchase orders, check requests, petty cash processing, and internal approval workflows.
Overall, this graphic provides a useful visual representation of the various documents and processes involved in financial management within the context of production accounting.
Using the FAST Platform, producers can automate much of their financial management, reducing the time and resources required for manual processes. The platform features AI and remote processing capabilities, allowing for efficient and accurate financial data management, even in distributed or remote work environments.
In addition, the FAST Platform offers a user-friendly interface, enabling non-financial users to easily access and utilize financial data. The platform’s core software components work seamlessly together, ensuring that financial data is consistent, up-to-date, and easily accessible. Overall, the FAST Platform is an essential tool for businesses seeking to streamline their financial management processes and improve their bottom line.