Royalty Solution

Automate your Royalty liabilities or earning with IMA360’s cutting edge royalty management software to focus on what really matters, creativity.

Manage your royalties with an automated solution

Are you utilizing a creative song or video in your project that is created by another individual? If so, you must give the creator a certain percentage of the revenue from your project. However, inaccurate calculations can harm your relationship with creators, which is why accuracy may be a challenge in terms of royalty payment management.

IMA360 Royalty Solution Benefits

Efficiency Gain

Automate royalty calculations and payment processes, reducing administrative overhead and improving productivity.

Automation and Integration

Complete end-to-end automation from royalty program setup to payment and out of box integration with most ERP systems.

Optimize Revenue Streams

Fine-tune royalty structures and agreements to maximize revenue generation while aligning with business objectives.

Enhanced Accuracy

Minimize errors and discrepancies associated with manual royalty management processes, ensuring accurate and timely payments.

Ensure Compliance

Stay compliant with contractual obligations and regulatory requirements, mitigating the risk of legal disputes and penalties.

Improve Transparency

Provide stakeholders with visibility into royalty agreements, usage data, and payment history, fostering trust and transparency.

What is Royalty Management Optimization?

Royalty management optimization involves efficiently managing royalty agreements, tracking usage, and ensuring accurate and timely royalty payments. It entails aligning royalty structures with business objectives, establishing transparent processes, and leveraging technology to automate royalty calculations and reporting.

Key Features of IMA360’s Royalty Management Software

Seamless Setup and Configuration

Our software offers a user-friendly interface, allowing for easy setup and configuration of royalty agreements, rates, and payment terms.

With pre-configured royalty scenarios and templates, you can quickly establish customized royalty structures tailored to your business needs.

Integration and Compatibility

Seamlessly integrate with leading ERP systems and other financial software, ensuring a unified and efficient royalty management solution.

Our software is designed to work with your existing infrastructure, minimizing implementation time and simplifying data exchange processes.

Automated Royalty Calculations

Automate royalty calculations based on usage data, sales revenue, or other predefined metrics, reducing manual effort and minimizing errors.

From tracking royalties to generating payment schedules and reports, our software streamlines the entire royalty calculation and payment process.

Configurable Approval Workflows

Customize approval workflows to match your organization's hierarchy and processes, ensuring compliance and accountability throughout the royalty payment cycle.

Define multiple levels of approvals and set up alerts and notifications to keep stakeholders informed and facilitate timely decision-making.

Robust Reporting and Analytics

Gain actionable insights into royalty performance and trends with comprehensive reporting and analytics capabilities.

Our software provides visibility into royalty earnings, usage patterns, and payment status, enabling informed decision-making and strategic planning.

Our comprehensive solution empowers organizations to streamline royalty processes, enhance accuracy, and maximize revenue streams. With advanced features and intuitive functionality, we help businesses optimize their royalty management strategies for sustained growth and profitability.

Following Royalty calculation are pre-configured.

Gross revenue payment

In this method of calculating royalty payments, you are bound to pay a certain percentage of the revenue to the original creator of content before considering your other expenses. That percentage is generally predetermined in the agreement that you have with the original creator. No matter what additional expenses you have to bear from the revenue, you have to pay a certain amount to the original creator.

Net revenue payment

Here you are supposed to pay the original creator after calculating the expenses you have to bear from the revenue. In this case, you get a chance to consider all your expenses. You have to pay a certain percentage to the original creator from the amount that resides after deducting your expenses. You pay the original creator based on your net profit from the project. As there are chances to save money up to some extent, most companies and organizations prefer calculating royalty payment.

Minimum rent payments

This method allows the original creator to get a minimum amount every month, even if there is no sale. The rate of payment gets increases as the rate of sales to get increased. This method is beneficial for creators who create original songs or videos.

Royalty advances

In this case, original creators generally get paid before any earning is made from the projects that include their content.

Price per unit payment

While you calculate the royalties using the price per unit payment method, you are supposed to pay the original creator based on the number of sold CDs or books.

Monthly royalty expenses

In general, royalty payments are calculated on a half-yearly or quarterly basis, and payments are disbursed. But in the monthly royalty expenses scheme, you are likely to pay the original creator monthly. It also becomes easy to calculate the royalty expenses of the creator for you.

Transforming Your Royalty Program

Challenge

In today’s rapidly evolving business landscape, managing royalties can be a daunting task for companies of all sizes. Whether it’s keeping track of royalty agreements, calculating payments, or ensuring compliance with contractual obligations, the process can be time-consuming, error-prone, and downright frustrating. This struggle is further exacerbated by the fact that many businesses still rely on outdated, manual methods or legacy software that lacks the necessary capabilities to handle the intricacies of modern royalty management.

As a result, companies face mounting pain points, including reduced efficiency, increased risk of disputes and litigation, and missed opportunities for optimizing their royalty revenue. In the face of these challenges, businesses are left searching for a solution that can help them navigate the complexities of royalty management while delivering tangible benefits to their bottom line.

Solution

Enter IMA360, a revolutionary AI-powered royalty management solution designed to address the challenges and pain points faced by businesses in today’s dynamic market. Our state-of-the-art platform offers a comprehensive, end-to-end approach to royalty management, streamlining the entire process and providing businesses with the tools they need to maximize their royalty revenue.

IMA360’s cutting-edge solution simplifies the management of royalty agreements, automates payment calculations, and ensures compliance with contractual obligations, all within a user-friendly and intuitive interface. By leveraging the power of artificial intelligence and advanced analytics, our platform delivers unparalleled insights and optimizations, empowering businesses to make data-driven decisions and optimize their royalty revenue.

Expected Outcomes

In conclusion, the challenges and pain points faced by businesses in the realm of royalty management are clear, but so too is the solution. IMA360’s AI-powered royalty management system offers a comprehensive, end-to-end approach that streamlines the process, automates calculations, and ensures compliance, all while delivering unparalleled insights and optimizations. With the vast market opportunity that exists for a robust, AI-driven royalty management solution, IMA360’s platform is perfectly poised to help businesses of all sizes unleash their full potential, driving growth and success in the face of the ever-evolving market. Don’t let the complexities of royalty management hold your business back—experience the transformative power of IMA360’s royalty management solution today.

Elevate Your Royalty Programs with IMA360

At IMA360, we understand the complexity of royalty management and the importance of optimizing royalty processes for business success. Our Royalty Management Software provides organizations with the tools they need to streamline royalty management, enhance accuracy, and maximize revenue streams. With our intuitive platform, seamless integration capabilities, and advanced features, we empower businesses to unlock the full potential of their royalty agreements. Experience the power of optimized royalty management with IMA360’s innovative solution.