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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.’”)
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.
MetaComet® Systems has released four new royalty recipient relationship tools which will enhance the communications functionality of the company’s best-in-class Royalty Portal software.
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.
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, […]