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Royalty Management Software
Case Study: Royalty Tracker™ and Sales Aggregator Scale Up Painlessly
The largest private audiobook production company in the US radically upgraded its royalty management process using MetaComet® software. By adopting Royalty Tracker™ and Sales Aggregator, John Marshall Media and Lantern Audio Distribution saved multiple days of work per quarter, eliminated errors in calculations, and streamlined the payment process.
Publishing Industry Solutions for Royalty Management Chaos
A November 21 article from The Bookseller reports on the publishing industry’s “hidden epidemic” of chaotic royalty management, payments, and communication. (Heloise Wood, “Royalties survey sparks calls for change as Society of Authors reveals ‘increased reliance on hardship grants.’”)
Webinar: Royalty Automation for University Presses
In this video we look at exactly how automated royalty management systems work, walking through real-world royalty processing scenarios. We demonstrate how to use an automated system to record contract terms, process disparate sales files, perform calculations, and generate and transmit royalty statements, reports, and payment files. We also review the implementation process and discuss best practices for a smooth and painless transition to automation.
Royalty Management Services: 3 Best Practices
Royalty management requires impeccable accounting to ensure compliance and internal and external auditability and to maintain positive relationships with partners. This means devoting significant human and technical resources to the process. Failure to properly manage royalties or rights can lead to erroneous payments, broken trust from clients, and negative impact on your bottom line.
Royalty Calculation & Royalty Records: Know the Lifecycle
Royalty records management might be the most confusing part of your business. Mistakes here can cost you money and damage your recipient relationships. To clarify this intimidating process, the MetaComet® team has created the Royalty Management Lifecycle™ model.
4 Tips for Simplifying Royalty Management
You likely did not enter your business because of your love for royalty management. Yet this aspect of your operations often requires attention disproportionate to its importance in the production of quality books. It consumes valuable resources and represents uncomfortable risk.
Online Courses: Royalty Management for Instructors and Professors
As education continues to move online, the compensation scheme for instructors and professors moves along with it. It is now easier than ever to allocate revenues directly to professors and their courses, which provides an opportunity for royalty-based payments. Managing those royalties, though, is a challenge fraught with risk. The opportunities for mistakes is high, […]
Consolidating Sales Data: Phase III of the Royalty Management Life Cycle™ Model
Do you have trouble managing all your sales data? Keeping track of all the files received each month from each source Combining those files into a single sales database Managing currency conversions Reporting and analyzing your sales Using those sales to calculate royalties This article, a part of our Royalty Management Life Cycle™ series, shows […]
Introduction To Revenue Sharing
Revenue sharing is a tactic that many companies use today. Allowing employees to share in company profits helps to lure the best and the brightest on the market. Companies also promote revenue sharing as a way to motivate employees. Higher revenues mean more money for the employees. Collective Bargaining Often Determines The Split The percentage […]