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MFM-BCCA September Lunch & Learn to Explore Current Cash Management Strategies for Media Businesses

Doubling the focus on working capital and cash flow ensures that businesses are able to safeguard their financials amidst the turbulent economy.

Media Financial Management Association (MFM) announces a September Distance Learning webinar called Guide to Working Capital Management in a Recessionary Economy. Bill Weiss, Vice President of Credit and Collections HighRadius, HighRadius, will facilitate the hour-long seminar. Specifically prepared to address media company challenges created by the COVID-19 pandemic and resulting recession, it will be held Tuesday, September 22 at 1:00 p.m. ET.

COVID-19 has had a multi-level impact on the media and entertainment industry as customers adapt to staying at home and engaging with more digital content. On the finance front, leaders need to identify today’s top focus areas for their business now, areas that may have shifted as a result of changes in market dynamics and/or new customer behaviors. Doubling the focus on working capital and cash flow ensures that businesses are able to safeguard their financials amidst the turbulent economy. The expert speaker will highlight ways finance leaders in the media space can identify and address the internal team challenges, changes in customer behavior, and potential process gaps illuminated by the changes. Additionally, Mr. Weiss will discuss some challenges specific to global businesses along with recommendations and for potential approaches to such problems.

“Pivoting their approach capital and cash flow can help media organizations bolster company profitability during the COVID-19-related economic downturn,” said Mary M. Collins, president and CEO of MFM and its BCCA subsidiary, the media industry’s credit association. “We are pleased to be able to offer immediate and actionable ideas for cash management in a recessionary economy.”

Registered participants in the Distance Learning Seminar will be eligible to receive up to one (1) CPE credit toward their certified public accounting (CPA) license. MFM is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.
The registration fee for the telephone seminar is $25 for individual members of either MFM or BCCA (a $25 discount from the normal $50 rate, courtesy of HighRadius), $75 for non-members and free of charge to MFM corporate members. An additional $20 late fee will be charged for registrations made after Monday, September 21. More information on CPE prerequisites and an online registration form may be found on MFM’s website.

About the Presenter
Bill Weiss is Vice President of Business Development at HighRadius, specializing in strategic partnerships within the credit and collections industries. He started his career in the Global Credit & Treasury Services organization at Honeywell International (formerly known as AlliedSignal Aerospace). Subsequently, he co-founded The CreditExchange, one of the first B2B online trade credit bureaus. In 2005 The CreditExchange was acquired by eCredit.com, Inc., a company providing enterprise software to implement automation in the credit and collections process for Fortune 1000 companies. After leaving eCredit, Weiss started his own consulting company, Intium Group LLC, which providing sales consulting services within the credit and collections industries. He joined HighRadius in 2018.

About MFM and BCCA
Media Financial Management Association (MFM) is the premiere resource for financial professionals for media industry education, networking, and information sharing throughout the U.S., Canada, UK, and Europe. More information about MFM is available on its website, https://www.mediafinance.org, and via its updates on LinkedIn, Facebook, Instagram, and Twitter. Its BCCA subsidiary serves as the media industry’s credit association. BCCA’s revenue management services encompass a variety of credit reports on national and local media advertisers and agencies, including Media Whys, a credit report for media businesses that offers a credit score based on industry-specific aging combined with trade data from Experian or D+B. More information about BCCA is available at https://www.bccacredit.com as well as its updates on LinkedIn, Facebook, and Twitter.

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