Automated platform boosts efficiencies and gives authors more transparency and functionality
NEW YORK, July 12, 2023 /PRNewswire-PRWeb/ -- FADEL®, pioneer of cloud-based content licensing, rights, and royalties management software, today announced the rollout of Statement Portal, its online royalty statement delivery platform, at San Francisco-based publishing house Chronicle Books. Statement Portal is the latest innovation in royalty statement delivery online, empowering publishers to improve operational efficiency with process automation while reducing paper waste and printing and mailing costs.
"Gaining efficiencies was the main driver for implementing Statement Portal," explained Mike Conway, Executive Director of IT, Chronicle Books. "Previously, the process was completely manual, from running batches to generating statements, printing them out, and mailing them to authors. Statement Portal has automated the process, reducing royalty statement delivery processing time."
Chronicle Books now uses Statement Portal to quickly and securely deliver royalty statements and documents to authors and agents. In addition to automatic statement notification, the portal allows for customized communications, which Chronicle Books uses to alert recipients before statements are posted, reducing the number of inquiries before and after statements are delivered. FADEL Statement Portal also includes self-service capabilities that allow authors and agents to change banking information and review statement status and history at any time.
Statement Portal has lessened the workload on the Chronicle royalties team, freeing them up for more strategic initiatives like deal analysis and data integrity. At the same time, it has allowed Chronicle Books to grant transparency to authors and agencies, which has strengthened their relationships.
"Author relations is an important topic for publishers in today's highly competitive landscape," shared Paul Gore, Executive Vice President and General Manager of Professional Services at FADEL. "By providing automated, online notifications and royalty statements, Statement Portal instantly modernizes the author experience without publishing houses having to make a large IT investment."
For more detail about how Statement Portal supports Chronicle Books' better communication, greater transparency, and increased operational efficiency, read the case study.
FADEL®, innovator of brand compliance, rights management, and royalty billing software, has worked with some of the biggest names in media, life sciences, fast-moving consumer goods, publishing, high-tech and advertising. By automating talent and content rights management across videos, photos, ads, music, products and brands, and streamlining the processing of licensing royalties, FADEL's cloud-based solutions have empowered businesses to significantly maximize revenues and increase process efficiencies. Founded in 2003, FADEL is headquartered in New York City, and also operates offices in Los Angeles, London, Paris and Beirut. For more information, visit fadel.com.
About Chronicle Books
Founded in 1967 in San Francisco, Chronicle Books is one of the world's most admired publishers and distributors of illustrated books, gifts, and games for all ages. Its highly acclaimed list spans art, photography, food, lifestyle, pop culture, humor, self-help, wellness, children's books, and stationery, among other categories. Chronicle is the home of numerous award-winning authors, bestselling series, and trend-setting titles. Chronicle Books is committed to partnering with artists and writers who represent the diversity of our world and to maintaining an inclusive and equitable working environment for its employees and business partners. For more information, visit chroniclebooks.com.
Devi Gupta, FADEL, 6467366083, [email protected]