1
Auto-ingest income sales
2
Match to metadata automatically
3
Distribute royalty statements
Speedily process huge swathes of digital sales transactions whilst detailing all the complex contractual royalty terms for physical sales as needed.
Speedily process huge swathes of digital sales transactions whilst detailing all the complex contractual royalty terms for physical sales as needed.
1
Auto-ingest income sales
2
Match to metadata automatically
3
Distribute royalty statements
Features
Invisible
Sales Processing
• Import your sales directly into the database from whatever format is provided by distributors, licensees and aggregators
• Post sales and income directly to sound recordings with no need to ‘invent’ ISRCs as catalogues
• Sales condensed over differing entities which can reduce those multitudes of digital sales rows by up to 90%. You decide what your sales database will process and what granularity your business requires
• Automatically match physical and digital sales back to product metadata by bundle, catalogue code, bar code, 3rd party ID, ISRC, works number and even title and artist. You decide how your sales database will match and what your business requires
• Record sales with up to six different prices (PPD, retail, invoice, extended etc.) You decide what your sales database will process and what your business requires
• Record both gross and net units
• Report sales in any currency, convert to base currency of host company and then pay out in currency of payee
• Select individual sales lines and show prospective royalty liability online
Royalty Contracts
• Rates expressed as royalty, receipts, unit rate or profit share
• Royalty rates defined by up to five levels of data entity (Format, Territory, Distribution Channel, Price Category and Product)
• Reduced rates shown as a variation of base rate
• Reserves held on sales or financial basis and defined by all participating entities
• Variable Price Base (PPD, retail, extended, invoice etc.)
• Vary units by percentage of sales
• Define packaging deductions by Format
• Detail producer debits and deduct from artist at varying percentages
• Define frequency of accounting – half-yearly, quarterly, monthly, annually etc.
• Define payment terms – 90, 60, 30 days etc.
• Report to Payees in currency of their choice
Metadata / Label Copy
• Import and populate database direct from spreadsheets in any format
• Detail your products and tracks along with their unique identifiers (Product Code, Catalogue Code, UPC, ISRC, Works Numbers, 3rd Party identifiers etc.)
• Link products to sound recordings to detail track listing
• Link products and tracks to define bundles along with any other royalty bearing merchandise
Calculations and Statements
• Royalty statements customised with your own logos and graphics
• Email royalty statements direct to Payees
• Powerful royalty engine calculates whole periods in minutes NOT hours
• Calculations performed across all sales or by selected sales statement or source
• Provisional calculations performed as accruals with no royalty liability recorded allowing for transparency and flexibility
• Withholding tax and VAT applied where required
• Royalty statements defined to show as much or as little as you need to report
