Royalty Payment Automation for Authors: Is it Worth The Cost?
Since automation was first joined with the royalty management process, the advantages have been evident. By replacing strenuous manual tasks throughout the revenue sharing process with Royalty Tracker, our royalty software for publishers, the whole operation has become faster, less risky, less strenuous, and completely transparent. Automation isn't suitable for all areas of publishing, but as far as revenue sharing is concerned, it undoubtedly makes companies leaner and more adaptable. But while most Royalty Tracker customers have simplified most of the milestones in the process, the final part - paying authors - remains remarkably non-automated for many publishers. Taking this final step can offer many benefits, such as reducing the time spent processing payments and eliminating the risk of human error that can occur when payment data is transferred from Royalty Tracker to outside accounting systems. So could automatic payments be the missing aspect of the royalty management puzz