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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.
To complement this enhancement, MetaComet™
Systems built in a new liability calculator, which shows users
exactly what the royalty liability will be for a given period. They
simply select the statements to include, and The Royalty Tracker™
Solution quickly calculates
the liability, providing powerful assistance in managing cash
flow.
In designing these features, we listened to the needs
of our customers. They tell us they always feel a sense of relief
when statements are printed out. Now that they had conquered the
complexity of calculations, they were eager to reach the next stage
of cost savings and cash flow management. This new feature not only
reduces the administrative costs associated with managing royalties,
but it also gives customers precise control of exactly when payments
are made, enabling them to manage their cash flow.
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