Royalty Management Software
Royalty Management Software
Royalty management software you can depend on
As a publisher you need to maintain a good reputation and trustworthiness to sign authors. It starts with dependable and accurate royalty management software.
With Schilling Royalty, you handle every agreement on time and accurately. In fact, you’ll calculate payments three times faster than with Excel and issue payments twice as fast as via manual methods. And servicing your authors, contributors, and rights owners is easy, thanks to fully automated routines and customised agreement templates.
30+ years of royalty management expertise – packed into advanced software
Schilling Royalty Management Software has proven its capacity to help publishers grow their businesses for more than 30 years. Now it’s your turn.
Advanced royalty engine to set your publishing business free
- Percentage of sales
- Minimum guarantees
- Net sales prices
- Tiered royalties
- Advance payments
- Profit sharing
- Subscriptions
Set it up and automatically generate out of the box accurate royalty settlement and statements. Explore all the features.
Trusted by publishers like you
Make a complex task easy with our efficient royalty management software
- Fully automated routines for calculations and settlements.
- Track several authors on one ISBN number.
- Use bar codes to reserve and import annual returns from bookshops, if required.
- Register titles with edition and impression control.
- Handle several authors with individual agreements on the same publication.
- Make settlements whenever you want.
- Determine publication price, price groups, and sales channels freely.
- Include all rights sales in one settlement.
Royalty management made simple and accurate with easy-to-use software
Once you’ve entered an agreement into the system, royalties are calculated automatically – making even quantity-dependent rates and deductions simple and 100% accurate.
Everything is available in one intuitive solution, either as a separate application integrated with your current finance system or as an integrated part of a combined Contract, Rights & Royalty solution. Regular system updates ensure that it stays up-to-date. So the only surprise you might get with your annual result is that there are no surprises.
Visual dashboards
Easy overview of due royalties, settlements, errors in transactions, planned royalty payments, and generation of detailed and customisable reports for better royalty management.
All-in-one royalty management software
Explore the categories and all features
All
Advanced royalty engine
Data and reporting
Calculations and settlements
Automation and integration
Advanced royalty calculation engine
A large number of royalty calculation models that can be used for all formats of a title and set off in the settlement automatically.
Comprehensive royalty management
Calculate royalties per unit, by net revenue, price, and date, and by tiered ladders with customisable rules, profit sharing, and more.
Calculate deductions
Calculate deductions as a percentage of net or gross amounts or based on a rate per unit.
Return handling
Ensure that copies returned after the settlement period are included in the settlement for the period.
Quick distribution of inheritance
Distribute inheritance to one or more royalty recipients with just a few clicks for several titles in one go.
Detailed royalty settlements
Give royalty recipients a complete overview of sales, free copies, and inventory of physical products, and a summary page with several agreements. The system also handles returns.
Unlimited number of royalty recipients
Unlimited number of royalty recipients and co-recipients, including significant contributors in compliance with EU regulations.
Tax compliance
Manage tax requirements, including withholding and reporting requirements.
Contract hierarchies
Enable contracts to account for royalties deducted for payments to other licensees.
Adjustable minimum guarantees
Manage varying minimum guarantees and handle shortfall payments seamlessly.
Advanced recovery
Track and recoup advances with detailed balance reporting
Visual dashboards for business overview
Visual and interactive dashboards – standard and with the freedom to design your own or role-based views.
Overview of your settlement runs
Settlement runs can include future settlements and due settlements.
Dynamic reporting
Create ad-hoc royalty data reports by applying specific criteria.
Interactive reporting tool
Stay up to date with a complete overview of the publisher's royalties, any outstanding guarantee amounts, and income per royalty recipient or title.
Efficient final settlement
Close royalty agreements and easily make correct final settlements, even for complex agreements, with automatic calculation of loss from unused remaining guarantees.
Automated settlements
Correct and automated settlement of terms in the royalty agreements with royalty calculation templates.
Send royalty settlements directly
Send settlements to the royalty recipients via an online portal or as pdf files.
Automated settlement creation
Effortlessly generate and distribute settlements in bulk via e-mail or through a portal.
Currency conversion and tax management
Seamlessly sell, calculate, accrue, invoice, and settle payments in any currency.
Automatic advance write-down and adjustment
Advances are recorded as a loss if a title fails to generate sufficient income to cover the advance. In the event of renewed sales, the previously recorded loss is automatically adjusted in line with the new earnings, ensuring precise financial management.
API and out-of-the-box integration
Seamlessly connect and synchronise software systems or applications for smooth and reliable data exchange.
Flexible calculation and edit options
Automatic compilation of error transactions ensures continuous overview and easy error correction.
Standard API solutions for ERP systems and distributors
Effortlessly integrate with ERP systems and distributors using pre-built API solutions that ensure streamlined data flow and operational efficiency.
Integration with payment systems for quick settlement
Seamlessly connect to payment platforms to enable fast, accurate, and hassle-free financial settlements.
Notifications to relevant individuals if action is required
Automated alerts notify the right stakeholders when specific actions or decisions are needed, ensuring that nothing slips through the cracks.
Scalable solutions to handle growing data demands
Adaptable solutions designed to grow alongside your business, efficiently managing increased volumes of data and complexity.
Advanced royalty calculation engine
A large number of royalty calculation models that can be used for all formats of a title and set off in the settlement automatically.
Comprehensive royalty management
Calculate royalties per unit, by net revenue, price, and date, and by tiered ladders with customisable rules, profit sharing, and more.
Calculate deductions
Calculate deductions as a percentage of net or gross amounts or based on a rate per unit.
Return handling
Ensure that copies returned after the settlement period are included in the settlement for the period.
Quick distribution of inheritance
Distribute inheritance to one or more royalty recipients with just a few clicks for several titles in one go.
Detailed royalty settlements
Give royalty recipients a complete overview of sales, free copies, and inventory of physical products, and a summary page with several agreements. The system also handles returns.
Unlimited number of royalty recipients
Unlimited number of royalty recipients and co-recipients, including significant contributors in compliance with EU regulations.
Tax compliance
Manage tax requirements, including withholding and reporting requirements.
Contract hierarchies
Enable contracts to account for royalties deducted for payments to other licensees.
Adjustable minimum guarantees
Manage varying minimum guarantees and handle shortfall payments seamlessly.
Advanced recovery
Track and recoup advances with detailed balance reporting
Visual dashboards for business overview
Visual and interactive dashboards – standard and with the freedom to design your own or role-based views.
Overview of your settlement runs
Settlement runs can include future settlements and due settlements.
Dynamic reporting
Create ad-hoc royalty data reports by applying specific criteria.
Interactive reporting tool
Stay up to date with a complete overview of the publisher's royalties, any outstanding guarantee amounts, and income per royalty recipient or title.
Efficient final settlement
Close royalty agreements and easily make correct final settlements, even for complex agreements, with automatic calculation of loss from unused remaining guarantees.
Automated settlements
Correct and automated settlement of terms in the royalty agreements with royalty calculation templates.
Send royalty settlements directly
Send settlements to the royalty recipients via an online portal or as pdf files.
Automated settlement creation
Effortlessly generate and distribute settlements in bulk via e-mail or through a portal.
Currency conversion and tax management
Seamlessly sell, calculate, accrue, invoice, and settle payments in any currency.
Automatic advance write-down and adjustment
Advances are recorded as a loss if a title fails to generate sufficient income to cover the advance. In the event of renewed sales, the previously recorded loss is automatically adjusted in line with the new earnings, ensuring precise financial management.
API and out-of-the-box integration
Seamlessly connect and synchronise software systems or applications for smooth and reliable data exchange.
Flexible calculation and edit options
Automatic compilation of error transactions ensures continuous overview and easy error correction.
Standard API solutions for ERP systems and distributors
Effortlessly integrate with ERP systems and distributors using pre-built API solutions that ensure streamlined data flow and operational efficiency.
Integration with payment systems for quick settlement
Seamlessly connect to payment platforms to enable fast, accurate, and hassle-free financial settlements.
Notifications to relevant individuals if action is required
Automated alerts notify the right stakeholders when specific actions or decisions are needed, ensuring that nothing slips through the cracks.
Scalable solutions to handle growing data demands
Adaptable solutions designed to grow alongside your business, efficiently managing increased volumes of data and complexity.
Experience simplicity in action
Turn managing royalties from complex to simple, accurate, and automated. Book your 30-minute free and personalised demo today.
What to expect:
- A 30-minute live walkthrough of the software, tailored to your needs
- Answers to all your questions
Fill out the form and we’ll get back to you quickly to schedule your demo.
Scaling your publishing business shouldn’t come with a heavier administrative burden
Manual processes increase the workload and the risk of costly mistakes, making it harder to maintain profitability and build trust with authors. Without the right solution, settling royalties can feel like an uphill battle.
Schilling Royalty Professional is a tailored solution for small and growing publishers.
Schilling Royalty Professional automates tracking, calculations, and settlements. It’s easy to get started, simple to use, and helps you manage royalties up to 60% faster, freeing your resources for growth.
With growth comes complexity
How your publishing house handles complexity is part of your competitive edge. Your royalty management system must keep you efficient and able to automate your royalty operations – also when it comes to:
- International sales: Royalty rates may vary for sales abroad.
- Special editions: Hardcover editions or paperback editions, for example, may have different royalty rates.
- Licensing and film rights: If a book is adapted into a film, TV show, or other media, additional royalties may apply.
- Distribution of inheritance.
What our customers say
Bonnierförlagen makes full use of Schilling Publishing
One of Europe’s leading publishing groups, Bonnierförlagen, says Schilling has a very far-sighted and solution-oriented approach – with “a genuine willingness to get from A to B in the best possible way.”
Because royalty calculation is quite complex and at the same time one of the most important financial transactions for a publisher, we chose Schilling because Schilling has the most efficient royalty solution in the market as far as we know.
Calculate royalties at the touch of a button
Once you have created the agreements in the system, royalties from each sale are settled automatically with predefined rates, prices, etc. Royalty settlement is simple for all sales channels.
FAQ - Royalty Management
Selecting the right royalty management software involves careful evaluation of your specific needs. The ideal software solution should match the size of your company, and handle the volume of transactions and royalty agreements that you need to manage. You should also consider the complexity of your contracts with varying rates, advances, and other terms. Scalable and flexible options that can grow with your business are particularly advantageous.
Royalty software should provide comprehensive reporting capabilities that give publishers valuable insights into the many areas of their business, for example earnings and revenue, overview of their contracts and rights (including rights utilisation), the performance of their authors and other contributors, and forecasting. The software should also provide reports that show how much the publisher owes to the authors, the remaining balance of any advances that need to be recouped, and an overview of unsettled agreements. It should also provide a clear overview of the owed amounts that will be included in the next royalty run.
Automating royalty management can significantly reduce manual workload, minimise errors, and streamline the entire process from contract management to settlement and payment. With the right software, royalty calculations, payments, settlement runs, reporting, and the communication with your rights owners and royalty recipients can all be automated. This improves efficiency, enhances transparency, and ensures that royalty-related processes are handled accurately and efficiently.
The publishing industry uses a range of software tools to manage different aspects of the business, for example content management, project management, royalty management, and rights and digital asset management. Integrated solutions that combine multiple functionalities can provide added convenience and efficiency by reducing the need for separate systems.
Selecting the best royalty solution for a large publisher depends on the specific needs and complexities of the publisher's operations, including the complexity of the publisher's royalty agreements, the volume of data they handle, and their need for integration with other systems. It may also be beneficial to request demos or trials of the software to see how well it aligns with the publisher's workflows.
