NEW PRODUCT: Opendate Launches New Finance Features
Watch the demo recording of our new Finance Features, plus insight into Opendate ticketing and more.
November 27, 2023
"Did I actually make any money on that show?"
If you've asked yourself this question, then you're going to love Opendate's new Finance features! Watch the full demo from our webinar here.
Take the guesswork out of your venue's P&L for each show with Opendate's Profit & Loss dashboard.
With Opendate's newest features, you now have a P&L dashboard that shows a real time view of:
Tickets sold to forecast
Amount of income generated vs gross potential
Where your venue is on expenses
View a breakdown of income streams and expense line items, providing a detailed recap of what you thought would happen with estimates vs your actuals. All informations is driven off of Opendate's robust finance section where venues can input expected income and expenses. Opendate's rich integrations with Toast and Homebase for payroll offer data to make venue owners' lives easy and automated.
Estimate expenses vs actuals with Event Templates.
Within your event template, estimate a set of assumptions per event. Then, when you go to our venue's calendar, you can specify which template(s) apply to specific events. This template then drives incomes and assumptions without entering any data manually.
Ensure deposits are accounted for correctly.
Opendate's new finance features also allow venue owners to estimate terms of a deposit. Specify whether the deposit is a % of the guarantee or a flat amount, as well as the due date. Then, back at the event's page in Opendate, teams can view Deposits in the new finance section and mark whether or not it is paid. When paid, Opendate moves this to settlement so it's accounted for correctly.
Tickets are a HOT commodity, so you want to have a ticketing system that is easy for your employees to use. Less time spent on ticketing equals more time to plan your event to wow fans and focus on additional revenue streams, like add-ons and upgrades.