MetaComet® Systems’ Revenue Sharing Software

1. Save time

If you are manually managing revenue sharing processes, it’s time to let the software take over the heavy lifting. Manual calculations can require countless hours of frustrating labor, and MetaComet clients tell us that adopting our systems can reduce the time they spend on rev share calculations by 90%. Even if you have revenue sharing software in place, you will be pleasantly surprised at the hours that our cutting-edge solutions can save you.

2. Grow profitability

Cutting the time spent on revenue sharing programs frees teams up to do more profitable and stimulating work. It opens up more planning time to develop future strategies, generate new partnership agreements, and grow the bottom line.

3. Consolidate complex data

Managing revenue sharing calculations can mean handling multiple files of sales data and adhering to complicated contractual arrangements. Automating the process with MetaComet Sales Aggregator software does all this hard work for you by consolidating sources and enables you to calculate payments much faster.

4. Achieve accurate payments

By using revenue sharing software to automate calculations, the risk of error is dramatically reduced. You can be confident that your payments are accurate every time.

5. Minimize risk

More accurate payment calculations mean better risk management. Unreliable revenue sharing software can cause licensees to pay out too much or too little—and both mistakes have major consequences for business relationships. At best, errors reduce a licensor’s confidence, even if they were unintentional, and at worst they can lead to legal action to recover missed revenue.

6. Be on time

Good revenue sharing practice means being on time as well as accurate. By automating processes with MetaComet Systems revenue sharing software, businesses can be sure to meet payment deadlines and avoid frustrating delays.

7. Improve relations

Accurate revenue sharing software programs build the foundations for great business partnerships. They give licensors and licensees the confidence that they are part of a professional and efficient partnership and increase the prospects of working together in the future.

8. Build a strong reputation

Correct and on-time revenue sharing helps businesses establish a positive reputation in their field. That can soon lead to recommendations from existing licensing partners and the creation of new relationships.

9. Increase transparency and visibility

Manual processes or inefficient systems can make revenue sharing software opaque and confusing. Automation performs calculations clearly and transparently, providing licensors and licensees with visibility into transactions and trust in their partners’ operations.  MetaComet’s software also allows greater insight into  sales and trends, helping leaders make better and more informed business decisions.

10. Market-leading support

Adopting new revenue-sharing agreement software systems can be challenging, but our relationship with businesses doesn’t stop with the sales agreement. MetaComet’s expert team ensures smooth and rapid implementation of our solutions, and they are available to provide friendly and efficient support and troubleshooting for our revenue sharing software when you need it.

Frequently Asked Questions about Revenue Sharing

What is revenue sharing?

Participants in a revenue sharing program come to an agreement in which each of them receives a certain percentage of the income generated by a business. 

There are many different variables that can be involved in the agreement:

• The shares may be based on gross revenue or net profits;
• The participants may need to reach certain benchmarks before receiving a revenue share;
• Benchmarks such as tenure or different levels of revenue goals may also trigger variations in the percentages due;
• Agreements may call for pre-payment of royalties, often called “advances” or “minimum guarantees.”
• And so on.

What are some examples of revenue sharing?

In many business models, the owner (or licensor) of a piece of intellectual or tangible property gives a licensee permission to use that property to generate revenue in exchange for a revenue share. This type of revenue sharing system is often called royalties. Examples of royalty-based business models include:

• Book publishing
• Music publishing
• Video game publishing
• Online learning
• Film, television, and streaming video
• The licensing of oil or other mineral rights by a landowner
• Pharmaceutical, medical device, or other technology licensing
• The licensing of brands, logos, characters, or other intellectual property
• Third party logistics (3PL)

In addition, revenue sharing agreements may be adopted by:

• Business partners, investors, or lenders
• Business owners creating incentives for sales reps or other employees or consultants
• Partners in an affiliate marketing arrangement or referral agreement
• Other business collaborators or contributors

In all instances, revenue sharing agreements are designed to incentivize all the participants to work towards driving as many sales, subscriptions, or other business drivers as they can, since all parties benefit from the success of the business.

How does revenue sharing software work?

There are a few steps in the revenue sharing lifecycle.

First, the user enters the terms of any revenue sharing agreements. This is a one-time activity. Advanced revenue sharing software will allow for easy set-up and many different variations in agreement terms.

Once revenue is being generated, the user will begin to import sales and revenue files into the software. A tool such as the MetaComet Sales Aggregator will simplify this process as well, and be able to ingest sales files in all different formats.

Revenue share automation really proves its worth during the calculation and reporting stages. Revenue sharing software can process thousands of transactions with the click of a button, and produce individual statements, monthly, quarterly, and annual reports, and any other records the business requires.

Finally, revenue sharing software streamlines the payment distribution phase by generating payment files which communicate to the business’s accounting software and/or payment platform exactly how much to pay each rev share recipient.