It’s a sad reality but for most publishers managing royalties is an unavoidable predicament. With increasingly complex publishing and licensing models that’s hardly surprising. Editors and product managers would like to be able to extract more benefit from the content they contract but it’s often difficult to find the detail within existing agreements and the creation of new ones takes time and effort.
And the accounting side of the equation is no easier. Huge numbers of details need to be taken into account: What conditions apply to which print run? Which scales should be used? Have there already been payments that need to be amortized? and much more. It’s not unusual for companies to rely on Excel spreadsheets but these quickly become cumbersome and are inevitably prone to error.