The Royalty Accounting manager is a cloud-based STREAM application to join the family of Klopotek’s Contract, Rights and Royalties (CR&R) solution. Specially designed to provide comprehensive royalty account information, royalty managers and publishing team members, business analysts and rights accountants can access all relevant information at one glance.
Key features and benefits
Quick, insightful user-definable view of all royalty-relevant information using widgets
View royalty statements, advance remittances and applicable account information in a single location
Calculate, view, analyze royalty data easily and efficiently
Instant access to accurate royalty account information on the go
Edit, amend and annotate author accounts
Ability for royalty managers to immediately access key royalty information
Fully customizable dashboard configured to specific roles and responsibilities
Fully integrated with Klopotek Classic Line and STREAM application Contract Manager
Seamless integration with Klopotek Analytics to output customized reports
Comprehensive royalty account information at one glance
Are the relationships with your authors an essential element of – or perhaps even the foundation for – your publishing business? To ensure that authors are satisfied and interested to continue working with you, providing them with accurate royalty statements in a transparent and timely manner is critical. Is your software fit for this?
Are statements sent out later than agreed in the contract? Can you provide them digitally, including a history of previous documents? Are the statements in the language and currency of your author? Do they contain errors? Can you react quickly to questions about a royalty calculation? Take the stress out of royalty accounting with our smart apps.
Royalty Accounting Manager enables all people dealing with royalty account information to customize their own view on data based on the information that is most important to them – using STREAM dashboard technology. As they are able to see what is relevant to their functional role and get instant access to archived royalty statements and payment remittances, users can easily answer author queries. Necessary adjustments and notations to author’s accounts can be done in a few clicks.
In case an error should have occurred, Royalty Sales Data Editor allows employees in the Royalty Department to edit and correct erroneous sales lines (single or bulk update functionality).
Royalty Recipient Manager helps users to handle all details that are legally requested for calculating royalties according to laws and rules of author associations in different countries.
Using Royalty Forecast Manager, you can generate royalty forecasts for defined periods and royalty budgets.
Royalty Sales Data Editor provides one-to-one information on the sales lines that are used for calculating royalties. The app allows employees in the Royalty Department to edit and correct erroneous sales lines, e.g. market channels.
There is single or bulk update functionality for royalty-relevant information (which might have been wrongly supplied by the source for sales data). Single sales lines can be amended manually, while multiple sales lines are updated in a bulk action.
Royalty payments are an important factor of the publishing business. How much will have to be paid next year? Are the costs in balance with the earnings that have been calculated? Finding out about this is straightforward and easy using the cloudbased STREAM app Royalty Forecast Manager.
The app was developed with the idea that the forecast calculation should be as similar as possible to the calculation for the actual sales, for example regarding time periods to be selected and the methods. Just like doing a calculation for the year that has just ended, you can start a forecast for the next year, always by taking into account the entire period and by deducting the cumulated calculation until the previous period.