Equals Money launches new payments and expense management platform to US market
Equals Money, an innovative expenses and global payments solution, is bringing its 17-years of expertise in accounting, payments, and FX, to the US in a bid to transform how businesses move money.
In particular, Film and TV production companies based in the US can now benefit from a range of solutions to make money movement easier, including simplified expense management and virtual cards either for individual employees or shared for subscriptions or recurring payments. By removing the logistical difficulties of managing cash on location, productions can benefit from greater control and visibility of all transactions .
Simon England, Global CIO at Equals Money says, “From delayed shoots to sourcing overseas crew, we understand the challenges the film and TV industry has faced in recent years. That’s why our solutions are designed to make managing production finances simple and easy – creating one less thing to worry about.
“Our business account combines cutting-edge technology, support from expense management experts and high-level security. We remove the security and logistical difficulties of using cash on location, also enabling cards to be sent to crew members overseas so they’re ready for set. Production and account teams are also given more financial control knowing exactly where money is being spent through real-time data, and the ability to allocate budgets to specific teams by department, location and more.
“We help customers manage currency risk and save time, so they can get back to what’s most important: growing their business. We have a track record of 17 years of continuous growth, and helping over 20,000 business customers and counting.”
Already trusted by production companies based in the UK, Equals has worked with a host of household names including Warner Bros and Universal Pictures.
“I have used Equals Money cards on a wide range of productions over the past few years”, said a Location Accountant working on the set of The King by Netflix. “It gives control to production which is a major change to the traditional credit card.”
“The Equals Money corporate platform and prepaid cards allow us control and transparency in our staff travel costs and expenses, as well as in meeting corporate obligations”, adds Joint Managing Director from Bankside Films. “As a film sales company, we need flexibility and control in one system, and the Equals Money platform offers exactly that.”
Equals Money also now offers instant issue virtual cards for employees to give employees the freedom to make purchases and allow finance teams to set limitations and budgets for individuals, as well as block or pause cards which have been compromised. They also offer a shared virtual card solution, removing the need for physical cards and allowing businesses a secure and convenient way to manage, spend and track shared budgets.
Equals Money continually invests in its open API infrastructure, meaning solutions can be integrated into its customers systems with ease. Last year, it made several exciting new partnerships, including the acquisition of Roqqett, a back-end payments company focused on open-banking payments.
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