With increased programming costs continuing to be a pain in cable operators’ backsides, Suddenlink Communications is using software from Argo Systems to make sure its programming accounting procedures are up to date and accurate.
Suddenlink is using Argo Systems’ Nestor software to control programming costs and to optimize its accounting operations. Cable operators can use Nestor to automate critical accounting processes, to ensure royalty payments are accurate, to build and manage programming budgets, and to provide critical business reporting.
"Nestor allows us to calculate and process payments for all of our contracts with speed and accuracy," said Jim Fox, Suddenlink’s senior vice president and chief accounting officer. "With Nestor in place, we have improved access to critical data and have freed resources to devote more time to analysis and strategic management of programming fees."
Argo said that Nestor is the only software in the industry that combines a payment processing functionality with the ability to build budgets and forecast programming expenses. Nestor also provides the business intelligence that multichannel operators need to make informed decisions about the financial implications of developing programming channel lineup and tier placements, the company said.
"Argo Systems is pleased to welcome Suddenlink as our latest Nestor client. We continue to offer our clients, both large and small, the best solution in the industry for managing their programming fees, contracts and channel lineups," said Jamie Cherlin, senior vice president of sales at Argo Systems.