2011 was a great year for the world of royalty and rights management!  MetaComet Systems added dozens of new features to its Royalty Tracker platform, making the world’s most powerful rights and royalty software even better (and see below for a sneak peak of what’s coming in 2012).

Here is a list of the most popular enhancements:

• Subsidiary Rights Management
  • Generate dunning letters for late payments
  • Generate Word or PDF versions of subright agreements
  • Ability to import subrights and automatically match them to corresponding subright agreements
  • Ability to automatically generate subright agreements for subright receipts missing agreements
  • Added language pick list
  • Ability to set default languages on agreements
  • Ability to set default country on agreements
• Royalty Statements
  • Ability to export statements to Excel
  • Enabled saving statements as PDFs
  • Added several new statement layouts
  • Enabled logo inclusion on several statement layouts
  • Added statement cover pages
  • Added new file naming options when generating PDF or Word statements
• System Integration
  • Enhancements to kit explosions
  • Enhancements to data migration tools
  • Add sales pre-processor to enable miscellaneous enhancements to sales files prior to import into Royalty Tracker
  • Validate discounts
  • Enhance data
  • Etc.
  • Option to validate discount rates when importing sales
  • Enabled payment vouchers to have flexible layouts
  • Added ability to reverse imported sales and all corresponding royalty calculations
• User Interface
• Reorganized menus
• Reports
  • Subrights
    • Added “Agreements Missing Countries” report
  • Workflow
    • Enhanced and added new payout workflow reports
    • Sales reconciliation reports now allow filtering by subrights
    • Outstanding receivables report
  • Financial
    • Created new Balances report
    • Created new options for month-end reporting
  • Allow users to save reports in multiple formats:
    • Excel
    • PDF
    • CSV
    • TSV
  • Enhanced “Mailing List Report”

We are not resting on our laurels.  Several exciting new features are coming soon.  We are particularly excited about our new royalty statement emailing capability, expected in our 2012.2 release (April).  This new feature allows you to automatically email royalty statements to royalty recipients directly from Royalty Tracker – save huge on postage, protect the environment, save time, and better service your partners.

Do you have new features that you would like to see added to Royalty Tracker?  Please email us and let us know!

We recently discovered that we have quietly amassed several dozen articles on our Community section over the years, ranging in subjects from industry news to royalty software system analysis.

In going through them, we found many still relevant – perhaps even more relevant than ever.  Here are a few.

MetaComet Systems Releases Accounting Reports to Improve Sarbanes-Oxley Compliance

Thanks to the Sarbanes-Oxley bill, we had to become compliance specialists in a hurry!  This talks about some of the new features we released to help with this new era of royalty accounting.  In what is a positive development for investors, we find companies paying closer attention to rights and royalty controls than in the pre-SOX days.

MetaComet Systems Completes Taylor & Francis Group Phase I Implementation in Record Time

From our beginnings, we understood the importance of taking all possible friction out of the royalty software implementation process.  We heard of companies spending years implementing new royalty systems.  That just seemed wrong.  So we began addressing the issue with great new tools.  Here is one of our early examples.

It’s a good thing we did this, too, as it has been paying dividends ever since.  We can have companies up and running on our royalty management solutions in weeks.  We prefer about a 6-8 week time frame for most implementations (including data migration and acceptance testing), but we’ve done it in much less!

MetaComet Systems Announces Launch Date for RT Monitor

We have no doubt that the most important aspect to success in the royalty management business is customer service.  Making our customers successful has been a cornerstone of our evolution.  More than just meet expectations, we strive to exceed them.  To that end, in 2005, we launched RT Monitor – an automated system that continuously monitors the health of Royalty Tracker.  As soon as an issue is detected, our support departed is notified electronically and we respond before the customer is even aware of a potential problem (they are usually surprised to get our calls).

Stay tuned for a future version of “From the Archives”.

Created in 2002, Metacomet System’s RT Server™ is the powerful processing engine which powers The Royalty Tracker™ Solution. It automates integration between all necessary systems in an organization and performs all processing intensive activities.

RT Server™ has now been enhanced to handle hundreds of thousands of royalty statements in short order. It now offers greater control of task priorities through an improved user interface. And now, with its integration with RT Monitor™, our best-in-class customer support is even better – alerting the MetaComet™ Support staff of issues before the customer even realizes that there is a problem.