Publisher Financial Services

Payments, reporting, forecasting and analysis.

PFS Reporting System

CMG’s publisher financial system and financial reporting packages offer clients numerous improvements from the financial reporting tools that have been traditionally used by national distributors.

Among the benefits are:

  • daily returns reporting
  • more timely non-sales transactions
  • more detailed transaction classification
  • enhanced monthly financial reporting packages

Easy-to-read remittances clearly report: publisher billing value, on- and off-sale dates, publisher non-sales transactions and post final sales activity details. These features, along with downloading, email-reporting, and online reporting capabilities, make CMG’s financial system a complete financial analysis and forecasting tool, in addition to a reporting and payment system.

FINANCIAL SERVICES AUDIT

Along with helping clients responsibly manage their business, CMG is committed to maintaining the highest standards of accountability in the conduct of its own operations. In fact, though a privately-owned company, CMG has elected to fully comply with the Sarbanes Oxley statute and all Statement of Auditing Standards No. 70 (SAS 70) provisions.

Each year, CMG prepares a formal report detailing the company’s Internal Control environment, which contains information that, in many instances, can help publishers realize considerable savings in the preparation of their own financial statements. Independent accountants and auditors are often able to place extensive reliance upon CMG’s Internal Controls, thereby reducing the work they need to perform directly on behalf of publishers.

AFFIDAVIT RETURNS SYSTEM INTEGRITY

In addition to our backroom audits, CMG provides wholesale service audits and financial audits at every level of distribution to ensure the integrity of the affidavit returns system. These audits:

  • Have led to the recovery of millions of dollars for CMG clients over the past 7 years;
  • Yield monthly documentation of publisher credits;
  • Are based upon distribution records and distribution formula reviews, publisher pricing adherence reviews, flow of inventory analysis, inspection of return processing/return destruction, on-site service verifications, among other methodologies;
  • and Extend to RDA administrators to monitor compliance with RDA program requirements.
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