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Megan Trank is the client manager for financial statements for IPG, the leading book distribution and sales company. She previously oversaw accounting and royalties, among other responsibilities, for a small independent book publisher. In both roles, she used MetaComet’s Royalty Tracker® to drastically reduce the time she spent calculating royalties, distributing statements, and providing guidance to royalty recipients.
Independent Publishers Group (IPG) is a dynamic book distribution and sales company serving independent publishers nationwide. As a critical actor in the publishing ecosystem, IPG manages complex royalty reporting for thousands of publishers, requiring precision, speed, and reliability.
Before working with MetaComet®, Megan managed royalties using Excel spreadsheets—a labor-intensive process fraught with potential errors and inefficiencies. Key challenges included:
Megan’s publishing company spent two years evaluating royalty management options and finally decided to invest in Royalty Tracker®. “It was something that we wanted to move to,” she says, “But there were a lot of barriers in moving to a royalty system. The onboarding time, the cost, just the idea of change can be tough for a small company.”
Despite the team’s concern about a disruptive transition, the onboarding with Royalty Tracker was remarkably smooth, due to MetaComet’s proprietary MetaGoLive® implementation process:
“That was one of the things I was dreading a bit,” says Megan. “Just all the work to get up and running, and it was so, so easy. When we did our first run of statements everything worked right away. The speed was just amazing.”
After implementing MetaComet, both the small publisher and IPG experienced transformative benefits:
“I do really love the Royalty Portal because it allows our publishers to have access to their statements,” says Megan. “And then the supporting documents of what is going into each statement. That is really handy because then they can look to see what all of those adjustments entail, and they can answer a lot of their questions themselves.”
MetaComet’s Royalty Tracker and Royalty Portal have become indispendable tools for Independent Publishers Group, transforming their royalty management from a labor-intensive process to a streamlined, efficient system. By prioritizing customer needs, providing exceptional support, and continuously evolving their platform, MetaComet has not just provided a software solution, but a strategic partnership that drives operational excellence.
“Something that I have always loved about Royalty Tracker is that there are always changes, always progress. The system is always adapting to the way the customers are currently using it, but also how they will be using it in the future.”
As Megan emphasizes, “Royalty Tracker changed my life.”
If your organization is juggling complex royalty requirements, MetaComet’s solutions offer a proven path to success. Contact us today to learn how we can help you save time, reduce stress, and enhance accuracy in your royalty processing.
Visit our testimonials page to learn why hundreds of additional companies have joined IPG in choosing MetaComet royalty solutions.
David Marlin is the President and Co-Founder of MetaComet® Systems, a prominent provider of royalty automation tools. Since founding the company in 2000, David has spearheaded the development of a suite of best-in-class systems that effectively facilitate royalty processes for nearly 200 publishers. David has also served as the chair for The Book Industry Study Group’s Rights Committee and Digital Sales Committee.
Before establishing MetaComet Systems, David served as a technology consultant for renowned publishers, collaborating with notable companies such as Random House, Penguin, HarperCollins, Holtzbrinck, Macmillan, Scholastic, Time Warner, and many others. David holds both an MBA and a BA from Columbia University in New York.
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