Investing in a powerful royalty management system to manage your contributor payments could give you the competitive edge! Many companies within the stock industry have already risen to the challenge, if your organisation struggles with manual royalty payments, read on to find out how Capture ROYALTIES could make your life easier.
The financial activities associated with royalty management can be complex for the photo and footage industry and each year billions of pounds are saved by managing royalties efficiently, whether this is through generating spreadsheets, printing and distributing statements to photographers, or just by accounts departments spending time processing the various complexities of payments. Automating these processes is an efficient way forward and where many royalty payments are managed each month or quarter, manual actions can be time consuming, money depleting and generally add financial pressure to an organisation.
The benefits of Capture ROYALTIES include;
- Keep track of timely payments
- Retain and control all records in one place
- Secure, robust and easy browser-based access-Manage multiple payments quickly and easily
- Manage payments for contributors and represented agencies
- Allow contributors and agencies to view their statements online
The advanced features of Capture ROYALTIES allows you to add an overall percentage for all contributor accounts as well as set specific percentages for individual contributors according to their agreements. Imagine the time and trouble saved with this level of automation.
ROYALTIES also offers a solution for complex commission payments where you can vary percentages at different stages of the process for commission based on a licence, collection, asset, sale, referral and contributor type as needed and again in line with contributor agreements.
Introducer Commission is another and very popular requirement - it's a special commission that needs to be routed back to the introducers of a contributor when a sale has been made. An option for split commission is also available - used for any number of parties sharing the commission on an asset or sharing the commission on a particular job.
Contact us today for a 'ROYALTIES' demo: firstname.lastname@example.org