RoyaltyShare Extends Platform With Secure Online Statement Distribution

20 February 2018 - Press release

New Toolset Gives Record Labels an Efficient and Reliable Method to Deliver Statements to Artists

RoyaltyShare, Inc., today launched an extension to its industry leading royalty accounting platform that allows clients to easily and securely deliver royalty statements to artists, producers and other partners. The new feature, available immediately as part of the RoyaltyShare application, simplifies the tedious process of distributing royalty statements.

“Statement distribution is a time-consuming and often error-prone aspect of managing royalty accounting for independent labels,” Steve Grady, SVP of RoyaltyShare, said. “We constantly strive to provide time-saving, elegant solutions so that our customers can focus on their core businesses. This new feature eliminates the need to mail or email statements and provides a secure channel for delivery of sensitive royalty information.”

“It is extremely important to our indie label clients that timely statements are available to their key partners – artists, producers and other royalty participants,” said David Phillips, Managing Director at Gelfand, Rennert & Feldman, who provides outsourced label administration to many labels and self-releasing artists. “RoyaltyShare’s new online distribution tool cuts days off of our process and ensures that these partners are immediately notified and can access statements with a few clicks.” 

This new enhancement is tightly integrated into the RoyaltyShare application. Customers can enable partners for online distribution by simply adding an email address and activating the account. Partners are then sent an email invitation to create a secure RoyaltyShare account. Once the account is created, partners are notified via email when new statements available and can log into their portal to view summary data or download complete statements.