If you’ve been following our blog, you’ve likely noticed the recurring mentions of Royalti.io amidst our vast resources on managing your music career. No, we are not just the nice people on the internet dedicated to your success and growth. Well, we are nice, but we also need you on an upward trajectory so that you can continue to use our product (indirect marketing 101). This week we decided to come ‘direct’ and talk about 10 reasons why, as a music professional, you should already be signed up with Royalti.io.

What is Royalti.io?

Royalti.io is a powerful tool that helps music professionals manage catalogs, track royalties, and analyze metadata: all in one streamlined platform. It streamlines music business operations by simplifying these tasks, making it an essential tool for indie artists, songwriters, producers, managers, and music companies. The platform is an ingenious tool but best spotlighted by all you can achieve with it. 

Catalog Management 

Catalog management involves managing a music catalog, including songs, albums, rights, royalties, and related metadata. Within the context of Royalti.io, this complex process requires organizing music assets including metadata management, rights management which includes tracking splits and licenses associated with each catalog, and Royalty tracking. Royalti.io offers a music business partnership that simplifies these complex tasks in one easy-to-use platform.

Royalty Automation

By automating the royalty tracking and distribution process, Royalti.io can offer a more efficient, accurate, and user-friendly experience, empowering artists and music professionals to focus more on their creative work and less on administrative tasks. It is suitable for users at all stages of their careers, from emerging artists to established music companies with extensive catalogs, offering automated calculations with accuracy and transparency.

Contract Management

Effective contract management ensures that all parties adhere to the terms of their agreements. Royalti.io helps music businesses keep an accurate record of all documentation of ownership, rights, and revenue splits. The platform ensures rights management, where terms related to copyrights are clear, and manages the specific rights granted under the contract. It divides royalties based on ownership percentages or other agreed terms. The platform also manages any changes or updates to existing contracts, ensuring that all subsequent royalty analyses align with the updates.

Top Features

User-friendly Dashboard

Royalti.io’s intuitive dashboard makes it easy to view and manage data without any technical expertise. You can use this feature without any extensive training or technical skills; what you see is what you get. The Royalti.io dashboard has an intuitive design with data arranged in a logical and organized manner that enhances simplicity and clarity. The layout is clear and concise, this allows users to tailor the dashboard to their preferences. 

Benefit

It does not matter if you have limited technical knowledge, with the Royalti.io platform users can effectively manage their music catalog and financials, making the platform accessible to a broader audience. It simplifies complex tasks such as tracking royalties and analyzing revenue streams.

Real-Time Royalty Breakdown 

On the platform, there is an immediate calculation and display of royalty earnings for artists, songwriters, producers, and other right holders. The user can see exactly how much they are earning from their music. Earnings from multiple Digital Streaming Platforms (DSP) are displayed allowing artists to track their income as it accrues, rather than waiting for monthly statements. 

Benefit 

Earnings are monitored as they accrue. This allows artists and their teams to monitor them, and make timely decisions about marketing, distribution, and financial management. This transparency builds trust in business which is the main objective of Royalti.io, to demystify royalty tracking and distribution.

Bulk Import Tool 

Users can upload and process large amounts of data without needing to input manually one piece at a time. The tool is useful for tasks that involve managing extensive datasets, such as importing lists of assets and uploading metadata. The platform is designed to handle large volumes of data efficiently, making it scalable for growing businesses that need to manage ever-increasing amounts of data.

Benefit

Royalti.io streamlines the process of uploading large amounts of data, thereby saving time and reducing the potential for errors that might occur with manual data entry. This is particularly important for users who manage extensive music catalogs.

Data Security

Royalti.io understands the importance of protecting sensitive data and offers measures designed to safeguard digital information from unauthorized access, and theft. There is strict control over who can access specific data with the ultimate power to grant that access vested in the user. The user can grant access to their artists, producers, and rights holders to view royalty data as they deem fit. 

Benefit

The platform ensures the confidentiality of user data by protecting sensitive information such as financial data, contracts, and personal details from unauthorized access. Users must be confident that their financial information is secure.

Application Programming Interface (API) Integration 

The platform boasts seamless system integrations, allowing Royalti.io to interact with other software and services (e.g., accounting software, distribution platforms, or streaming services) to automate data exchange and processes.

Benefit

API Integration enhances the platform’s versatility. This allows users to integrate their music catalog and financial data with other tools, streamlining workflows and reducing manual data handling. 

Streaming Services Integration 

The platform ensures enhanced user experience by facilitating seamless interaction with various streaming platforms (Spotify, Apple Music, and others). Access to streaming service data could be used to analyze user engagement and key metrics that help inform marketing strategies or content decisions.

Benefit 

Royalti.io provides a centralized hub where users can see how their music is performing across different platforms. This simplifies the process of royalty tracking and financial analysis. Users can automatically track and analyze streaming data, calculate royalties, and manage their music distribution more effectively. This integration continuously updates all relevant data in real-time, offering accurate and comprehensive insights.

Quick Data Analysis 

With Royalti.io, users are assured of rapid interpretation of data. Users can streamline data analysis to process and understand data efficiently. There is no need for in-depth statistical knowledge, this feature includes data summarization and visualization. 

Benefit

The platform allows users to rapidly analyze their royalty data, track trends, and generate reports. Empower users to understand their financial performance, identify top revenue-generating tracks, and assess the impact of their distribution strategies. 

Conclusion 

Royalti.io is transforming how music professionals manage their businesses, by demystifying the complex world of music catalog management, royalty tracking, and financial administration. Independent artists, songwriters, producers, managers, and music companies often face challenges in managing copyrights, tracking earnings, and handling the administrative burdens associated with their music careers. Royalti.io addresses these specific needs of industry professionals.