Royalty Management Software
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 […]
Choosing the Right Royalty Software: Royalty Accounting
As I mentioned in Part 1, publishing is a deceptively complex business. I touched on a few of the general considerations in choosing a royalty software solution for your company in Part 1, from general function areas to investigate, to how to vet a royalty software manufacturer. This article will focus specifically on the royalty […]
Choosing the Right Royalty Accounting Software Solution for Your Company – Part 1
Publishing is a deceptively complex business, requiring the ability to track book production, royalties, returns, multiple warehouses, multiple sales channels, etc. With so many time-consuming administrative tasks, the day-to-day business of publishing can become an exercise in data management, rather than an endeavor to find the most marketable books and put them into print. […]