Simplify royalty settlement with automation, accuracy and efficiency
Royalty settlement process with automation for greater accuracy and efficiency
Removing complexity from the royalty settlement process
The process of settling royalties is complex for many reasons – technical, legal, and commercial alike. You constantly need to keep track of what to settle, who to pay, and when each settlement should occur.
At Schilling, we have developed a web application with automation that cuts through this complexity – making it effortless to manage royalty settlements efficiently and with accuracy.
The design, functionality, and workflows are kept as simple and intuitive as possible, ensuring that the settlement process truly reaches the point where thinking meets doing and functions align.
Where thinking meets doing and functions align
An efficient royalty settlement process in five guided steps
With our royalty settlement process, you can easily add items to a settlement basket – whether your starting point is titles, royalty agreements, or royalty recipients.
Once you have selected your items, the settlement is completed in just five guided steps with built-in control notifications – much like online shopping, if you choose to run the process manually.
But it doesn’t stop there. Schilling Waves continues to support your work through automated features that ensure full transparency of upcoming, ongoing, and due settlement jobs.
Auto-generated job cards
Automation takes your royalty settlement to a whole new level
Stay ahead of your settlements with job cards that are generated automatically from a range of different parameters:
- Payment date
- Settlement date
- Frequency
- Settlement group
- Royalty sheet
Job cards give you the overview you have always wanted – automatically gathering and grouping your items so that everything is right where it should be, ready for settlement.
Job manager
Royalty settlement is all about structure and clarity
The web application and Job manager feature gives you the full picture:
- Running settlement jobs
- Previous settlement jobs
- A historical overview with filter and search functionality across all settlement jobs
Job manager lets you zoom in on the details, effortlessly explore the data behind previous runs, and uncover valuable insights.
Built-in automatic controls
Maximise accuracy, optimise efficiency
Receive notifications when agreements are marked as either finally settled, not ready for settlement, or closed. Also receive notifications:
- When you have settled for more than one period.
- When deceased recipients are included.
- When global agreements are not included in the run.
- About unhandled transactions.
The built-in controls in the web application help you through the steps of the royalty settlement process, reducing human errors and improving accuracy and efficiency.
Free up valuable time and resources by reducing user errors and increasing efficiency
Reduce errors by more than 21%
Improve efficiency by 15-25%
If you automate steps in the settlement process with Schilling’s Job manager and Job card features, you will achieve even greater error reductions and further improvements in efficiency.
What our Schilling super users say about the settlement process
Overview and transparency
“A great, complete overview where everything is done in one process.”
Error reduction
”It is really good that you can click and don’t have to type your way through. Most of our errors happen by entering wrong data.”
Efficiency
”This quick preview function means that we’ll save a lot of time.”
Choose the royalty management solution that fits your publishing needs
No matter the size or specific requirements of your publishing house, the Schilling royalty settlement process is designed to work for you – smart, intuitive, and efficient.
You can choose between two flexible royalty management solutions: Royalty Professional and Royalty Management for enterprises – both with the same intelligent web application that ensures accuracy, transparency, and control in every settlement.
Royalty Professional for growing publishers
Explore more
Royalty Management for enterprises
Explore more
Not sure which solution is right for you? Let’s find out together!
Book a demo and join us for a walk-and-talk through Schilling’s royalty solutions.
You’ll get a first-hand look at how our royalty settlement web application works – and together, we’ll identify the set-up that best matches your needs and ambitions.
Let’s talk about what makes the most sense for you.
Trusted by publishers like you
