The right royalty software will help you generate accurate and timely royalty statements while maximizing the productivity of your staff and the statisfaction of your royalty recipients. This section of our site features articles and checklists that will help you select the right software for your company.
Author file – lists the key fields that the author record should contain. Its not just the author contact information. For a romance publisher its also the author’s pen name. For a foreign author it may instructions on how payment is to be made.
Cost Comparison highlights the key costs that you need to consider when implementing royalty software.
Royalty rules lists the most common terms and rules used in royalty contracts.
Import and Export highlights the key import and export file functionality that a royalty system should support.
Royalty Software Comments
A small or medium sized cost conscious book publisher will likely select Easy Royalties due to its relatively low cost.
Literary agents tend to favor a solution from Bradbury Phillips.
A small music publisher will favor Musicalc, the only software expressly designed for small music labels.
A medium or large sized book publisher with several offices will favor a hosted solution such as MetaComet’s Royalty Tracker, Media Services Group’s Elan, Klopotek or Publishing Technology’s Advance. Each of these solutions comparably priced solutions has unique strengths.
- Media Services Group’s Elan is known for its ease of use.
- Klopotek is known for its power and wide range of optional modules.
- Advance is know for its user customizability and work process controls.
Large entertainment companies tend to look to Counterpoint, Real Software Systems and SAP IPM (used by Lions Gate) for royalty solutions. Large music companies will also look at Royaltyshare.
A multinational publishers are likely to look at SAP’s Intellectual Property Management solution which is available in 50+ languages.
More Resources
Royaltysoftware.net provides a directory of royalty software.
Bookpublishingsoftware.com is a guide to software solutions for publishers. These solutions include ERP solutions, royalty solutions, editorial and production management solutions.