IBM, Filmtrust partner on procurement site

Cyberbiz Brief

IBM and Filmtrust.com have partnered to co-develop an online procurement system to streamline transactions between producers and vendors — from costume houses to caterers and post-production houses — servicing TV, film, musicvideo and commercial productions. IBM will provide Filmtrust with consulting and market research services to create Web-based and fully automated procurement solutions.

Site was launched in the spring by producers Andrew Adelson and Nick Lombardo (“Pirates of Silicon Valley,” “Gettysburg”) and e-commerce services provider Digital Commerce Corp. and entertainment industry payroll service company Entertainment Partners. Filmtrust enables productions to instantly track daily accounting, production purchase orders and overall cash flow for film and TV projects online from anywhere in the world.

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