Dedicated royalty management solutions are now okayed as a fact of trade by successful players in the publishing commerce. The book industry is too complex, the commercial climate is too uncertain, and governing requirements are too austere, to not have a systems software system in place to manage royalty processing. The flat out benefits of royalty software - and there are multitude - are effective. But how useful are any of those perks, if implementing the needed frame of reference upsets your workflow? Shutting down for a complete overhaul would give you all the allotment in the world to put together improvements. Most of us, however, don't have that luxury - needed improvements have to be invented, and put to work, on the fly. Here's a quick look at how we've taken the preferred royalty management solution, and given it the fast utilization ability that a rival business needs.
In 1999, when MetaComet Systems began creating and fitting out integrated software-based royalty and rights solutions to the publishing game, we were among the exiguous providers of custom-built royalty management solutions. Big publishers depleted hundreds of thousands of dollars, hiring programmers to build in-house systems for royalty management, and everyone else made do with spreadsheets.
As time went on - and commonly in recent years - two things happened simultaneously: first, the publishing industry became far more complex, and next in order, cutting edge information technology became far more unrestricted. Changes in publishing meant that publishers instantly needed to get more adept, more acute, and more combative in royalty management, and changes in technology meant that there was an immovably increasing number of people who supplied software intended at meeting the emerging needs of publishers.
In any emerging software sector, there are a broad assortment of offerings and few "agreed-upon" standards; some royalty management software is powerful and bulky, while some is unobtrusive but incompetent. Some royalty software is user-friendly but feature-limited, while some has too many features for anyone but the planner who created it to use. And over-arching most of the offerings is that they either cannot integrate with contemporary systems (accounting, sales, etc.), or that integrating requires a costly reconstruct.
Working with a broad mixture of publishers, of varying sizes and requirements, has educated us how to to balance full features with the need for ease-of-use. For example, some of our clientele have hundreds of thousands of products in dozens of markets, with extremely complex rights and licensing agreements spanning many verticals, while others fork out with a hundred products strictly in the print business establishment. Obviously there are differences in the solutions we provide each type of buyer, but the experience of putting Royalty Tracker to work across a range of challenges, has honed our mastery to merge it into any commerce, with minimal disruption.
The outcome of our experience and work is the most modernized combination practice in the dealing; MetaComet's royalty management solutions are so easy to use that companies can often execute the solution themselves, without the help of MetaComet's application team. (Of course, we are always available for supplemental support, if needed).
In any emerging software sector, there are a large mixture of offerings and few "agreed-upon" standards; some royalty management systems software is robust and bulky, while some is unobtrusive but imperfect.The goal is to save time, and get more efficient, and that is the driving motivation behind every step we take.
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If you've explored the need for royalty software management that is more accurate, more efficient, and in the long run, cheaper, check out royalty accounting systems.
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