Wrapbook Leads the Industry with AI-Powered Tools for Production Finance and Accounting

LOS ANGELES, Feb. 12, 2025 /PRNewswire/ -- Wrapbook, the entertainment industry's fastest growing payroll and production accounting platform, today announced the addition of two groundbreaking new in-platform AI tools which will leverage artificial intelligence to streamline production workflows, accelerate decision-making, and eliminate repetitive financial tasks for production teams. With AI tools designed specifically for the entertainment industry, Wrapbook is redefining how production finance and accounting teams operate—delivering next-generation technology that meets today's challenges while anticipating tomorrow's demands.

"Production finance teams operate under immense pressure to deliver results with tighter budgets and timelines," said Ali Javid, CEO of Wrapbook. "Wrapbook's AI-powered features don't just speed up workflows—they empower teams to stay focused on the big picture of production spend without sacrificing accuracy or control."

AI Features That Work the Way Productions Do

The initial rollout introduces two AI-driven tools tailored to tackle time-consuming aspects of production finance. Users will now be able to:

• Filter reports with simple search queries: Users can now filter and generate reports just by typing in simple prompts—for example "what were my expenses from Q1." AI will apply the correct parameters automatically, saving users the hassle of applying search parameters manually.
• Process AP Invoices Automatically: Users can also upload PDF invoices and watch as AI scans, extracts, and automatically inputs data into Wrapbook, reducing data entry errors and speeding up AP payment workflows.

By automating routine processes and reducing manual work, Wrapbook's AI tools save production teams valuable time—empowering them to focus on higher impact work and delivering results instead of number crunching.

AI with Accountability: Trust and Transparency Built In

Wrapbook's AI features were developed with the entertainment industry's strict data security needs in mind. Customer data will not be used to train third-party AI models, and every application of AI is rigorously tested by Wrapbook's in-house security experts.

"AI isn't just about automation—it's about trust," said Allison Takeuchi, SVP of Product and Engineering at Wrapbook. "Our tools are designed to amplify productivity while safeguarding user data—all while ensuring complete transparency."

Wrapbook's AI rollout adheres to the highest compliance standards, including SOC 1 and SOC 2 certification, providing production teams with confidence that their financial data remains protected at all times.

Driving Innovation in an Industry That Demands More

With budgets tightening and expectations rising, Wrapbook's AI solutions meet the growing need for smarter, faster, and more flexible financial workflows. Whether managing payroll across multiple productions or tracking budgets in real-time, Wrapbook equips teams with the tools they need to work efficiently—without sacrificing quality.

This AI launch marks the latest milestone in Wrapbook's commitment to rapid innovation, following the release of features like fully customizable org and permissioning structures, as well as a powerful new custom startwork creator. Together, these tools are solidifying Wrapbook's position as the most modern payroll and accounting solution purpose-built for entertainment production finance and accounting teams.

"We're not waiting for the future—we're building it," added Cameron Woodward, co-founder at Wrapbook. "Our AI capabilities are just the beginning of what's next as we continue to transform production finance and accounting."

About Wrapbook

Wrapbook is the next standard in film and TV payroll and production accounting—a force multiplier that empowers finance and accounting teams to accomplish more, faster, with greater data integrity. With Wrapbook's next-gen technology, users can run payroll with a click and manage finances seamlessly in a fully integrated production accounting solution. Plus, with concierge service and an engineering team that's constantly innovating, Wrapbook keeps its customers a step ahead of a changing industry.

For more information, visit www.wrapbook.com.

SOURCE Wrapbook