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S3-CISPUBTM: Royalties

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Royalties

Author relationships are perhaps a publisher's most important assets. The new complexity in publishing is reflected in the difficulty of efficient, timely and accurate management of royalty tracking, calculation and payment. S3-CISPUBTM allows your system to exactly mirror each royalty contract. This accomplishes three important things:

  1. Positive author relationships are supported because royalties are paid in a timely manner, are not under-paid and royalty statements are easy to read and understand.
  2. The myriad of ways royalties can be over-paid are eliminated, including permitting reserves for returns, trapping discounted and other special sales and accumulating associated products in common break tables.
  3. Royalty processing is automated, saving time and money with no loss of accuracy or control.

S3-CISPUBTM offers sophisticated royalty tracking. Basic Royalty calculations can be done during system setup with additions being made as new provisions are needed. S3-CISPUBTM then automates your royalty process, automatically tracking all transactions that impact each contract. Author payment is simple and tracking complete with statements and disbursements reports generated as needed.

In addition, S3-CISPUBTM manages all provisions devised by the creative acquisitions department, allowing flexible rates structures and calculations. Statements are processed with ease and done accurately the first time.


Royalties Accounting Features:

  • On-screen and on-statement itemization by royalty sales channel.
  • Statement intervals can mirror royalty contracts and are produced automatically.
  • Daily posting of sales data to royalty account, by type (regular, mail-order, high discount, free copies, etc.).
  • Multiple author calculations.
  • Royalties paid as percentage of dollar amount or sales quantity.
  • Royalties paid based on deep discount tables.
  • Calculations can be on net or gross.
  • Foreign and domestic sales.
  • Recording royalty contract terms.
  • User-defined quantity break tables.
  • Multiple title statements.
  • Automatic issuance of royalty checks.
  • Royalty advances are recorded.
  • Distribution and tracking of contract earnings and deductions.
  • Recording and tracking of recipient payees.
  • Reconciliation reports.
  • Flexible inquiries and reporting by author or title.
  • Optional payment of royalties on paid invoices only.
  • Creation of split for spread of earnings/deductions amount entered.
  • Reserve for returns.
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