Royalty records management might be the most confusing part of the publishing business. Mistakes here can cost you money and damage your author relationships. To clarify this intimidating process, MetaComet has created the Royalty Management Lifecycle™ model.
The Royalty Management Lifecycle™ breaks the process into five distinct phases: acquisition, sales, sales reporting, royalty calculation, and distribution of payments and statements. By looking at each step individually, you can see and avoid many pitfalls of the whole process. The breakdown also suggests useful tools that will help you make major improvements to each phase of royalty records management.
Click here to learn more about what opportunities and dangers the Royalty Management Lifecycle™ model exposes.