MetaComet™ Systems Introduces Statement Logistics and Liability Calculator

January 30th, 2004

MetaComet™ Systems today announced the availability of both a Statement Logistics feature and the Royalty Liability calculator for The Royalty Tracker™ Solution. The new Statement Logistics capability addresses an important complexity of royalty calculations and accounting—managing the timing. When statements must be printed, reviewed, sent out, and, finally, paid is key to successful royalty management. This critical factor is often overlooked.

With the new Statement Logistics feature, The Royalty Tracker™ System users have precise control over the management of statement printing and distribution. Users can easily control which statements need to be printed and when. After statements have been reviewed, royalty managers can indicate which have been approved so that they can be sent out to royalty recipients. Finally, the new feature allows control of exactly when checks are to be cut.