When it comes to the best publication and printing software, businesses are turning to royalty management. The scalable and powerful tool allows you to collate income streams and send out customized royalty reports for various deal structures.
What does Royalty management software do?
You can give salary advances through this royalty portal software, create reserve payments, balance mutations, payout licensing fees, and send statements through email or send to dropbox.
You can process royalties for deductions, licensing, compilations, and balance mutations. This enables you to do cross-collateral accounting, whereby advances on master deals are recouped and separated from licensing deals. Using the software, you can create custom reports and templates in any currency and export them to the statements. View minute-by-minute royalties of your labels and artists to keep up with operations. It can come as a standalone service or synch via the FUGA platform, where the module uses an algorithm to synch sales automatically to your contracts and catalog.
What are the benefits of the software?
It is simplified accounting software for authors, musicians, and labels. Royalty reporting generates accurate, precise, and transparent royalty statements for your artists. When you fill your labels repertoire then configure your contracts, you will be able to import the sales reports and then access the revenue and statement reports.
The software offers artist-friendly royalty reports. Artists and labels need a precise and manageable royalty statement no more than ever. Once you automate your royalty accounting, you forge stronger and more trusting relationships with your artists. Through the confidential dashboard, the artist can access their information at any time. In addition, artists can access their contracts, royalty tracking, and statement data.
With the app, you manage the profits, losses, and margins from one place. In addition, you can evaluate the label's return on investment using royalty accounting software. Accessing royalty revenues reports from the sources for your artist is simplified through the software.
How does royalty management software increase sales?
The objective of content management, driving subscriptions, and advertising revenue depend on technology from the software. In addition, advertising and sponsorship are a major stream of revenue for artists and labels. With the publisher accounting software, you have the necessary tools to increase excellence while implementing the ideal practices across the sales team.
You can see the available advertising spaces with a click of a button, optimizing the sales effort. You can also manage commissions, discounts, invoices, contracts, and after-sales services. In addition, you can monitor the operational overhead and ensure the advertisement reaches the target market.
How effective is the app?
It is highly effective since it is an ergonomic solution for creating statements and processing sales. The constant and thorough customer service helps in adaptation to the platform and needs of artists. Labels attest that payment of artist happen on time and regularly through a seamless process. The tech support team is quite helpful and takes the time to ensure that the services meet all your needs.
Buy software for book publishers app to ensure that labels maintain their independence and the trust of clients. In addition, the easy-to-use accounting system makes royalty accounting easy and less time-consuming.
Please contact KNK Publishing at 1-908-206-4599 or +44 020 3985 0936 to explore the full potential of our software.