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KORRECT ROYALTY SOFTWARE PRODUCT | ||||||
Korrect royalty software comes in a variety of solutions - it can be installed into your organisation or ran via a web browser interface, both of these are explained on our site although run using the same principles: we have developed the application to run under a modular approach with a bundle of the basic modules plus add-ons for extra benefits if relevant to the customer. Our system has been designed to deal with Profit sharing deals as well as cater for Points based agreements - we even go so far as to be able to cater for a mix of the two within the same contract - for instance if a deal is based on Profit Share across the World but Points based in the USA or something similar. |
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If you decide upon one platform and then wish to change to the other for any reason then your investment is protected as the data and operating the software are identical so no retraining needed. |
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Korrect Basic Modules |
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Contract Manager |
Release Manager |
Track Manager |
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Our solution deals with all types of contracts and there are a variety of ways to search and filter for a required contract or batch of contracts. An originating contract is set against the track so that no matter how many times you reuse or license out the track, the income and costs will always be included against the right contract. (This has proved to be invaluable for the digital age) . |
The release manager can hold all of the relevant information for a particular catalogue – grouping the different formats according to a master code. The database holds additional information (other than pure royalty info) so that you can run a completely integrated solution:
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We believe our system to be unique in that it is built around the track database. A track can easily be classified as a digital release - download, stream or ringtone (we feel clients need to distinguish between these to future proof their data). A track can also be turned into a licensed deal. Again, we have added additional fiels so that Korrect can act at a centralised store for your data:
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Audit Area |
Data Loader | Statement Console | |||||
The audit area is where all your transactional data is managed If you opt for integrated link in to your accounting solution then there is a full audit trail from the accounting data into Korrect - we utilise any analysis or departmental coding within your chart of accounts to assist the royalty process. Data can also be automatically imported into the Audit area where it can then be analysed, edited and/or re-coded. |
Every single part of our system is uploadable from this module - we have templates for all information so that the initial setup and ongoing data handling is as efficient and easy as possible. We have templates for Digital providers such as Itunes, Bleep, IODA, Uploader, Vital, Napster and more... On the Publishing side we have feeds in from PRS and MCPS plus sub publishers. The list keeps growing! |
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This is where we manage the production of the royalties. Our system is so flexible that you could move your royalties on one month at a time so that there is not a backlog of work to be done every quarter or six month period. The system can cope with a mix of monthly, quarterly and bi-annual periods. Periods can be moved back and forward so it is possible to run a contract for one period, archive it, move forward to another period, run another contract and then go back to the first period if necessary. |
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Korrect Add-Ons |
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Metadata automation |
Works Manager |
Licensing Manager |
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Coming Soon! |
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One of most recent additions to the system functionality is the ability to export data in many formats for Digital providers or aggregators - we have an iTunes, Bleep, CI, Amazon output to name a few. These can be in Excel, CSV or XML. |
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Our works manager administers all of your publishing information. We are working with the PPL for new ways to automate the processes between our data held and the information they currently hold. This is currently only available on the inhouse platform due to its recent launch (we launch on one platform and then roll out to the other).
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Another module we have been developing and due for release soon is the Licensing manager which controls all negotiations during a license enquiry both coming in to your organisation and setting up your own projects. You then have at the touch of a button the history for all deals associated to a certain work. |
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Typical Pricing: Please contact us for a more detailed quotation
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In-house system:
For the in-house system there is an annual charge based on 20% of the project costs which covers support and upgrades throughout the year. Web based platform: Prices start as little as £50 per month depending upon the number of contracts/releases/tracks that you want to administer and number of users accessing the data |
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Copyright ©Korrect Royalty Software 2009