Case study
Harnessing the power of an ERP to pay music royalties and standardize metadata
CLIENT
A large, international publishing house.
wHAT WE DID
Dotted Eighth replaced an archaic accounting system with a flexible, cloud-based enterprise resource planning (ERP) solution that integrated with music catalog management software.
OUTCOME
Our partnership led to a centralized, cloud-based environment for all business practices, improved data hygiene, expedited royalty payments, and powerful analytics and reporting capabilities.
SITUATION
A legacy accounting system was complicating an already complicated royalty transaction process for our client, a large international publishing house. The existing accounting system was limited and closed, offering no way to integrate with their music catalog management software.
Our client needed to manage royalty administration, access in-depth reports on those transactions, and conduct their business operations within a centralized, cloud-based, and integrated system.
To begin this engagement, we audited the existing music publishing data and explored potential data hygiene solutions, including how to repopulate the data into the global catalog database. We gathered requirements, core system needs, and outlined a roadmap for cleanly transitioning to a new solution.
A key requirement for this project was identifying a flexible solution that could communicate with industry leaders in the rights and royalties software arena. We recognized that traditional accounting solutions would not offer the same level of customization or accessibility as a cloud-based enterprise resource planning (ERP) tool. The ERP we recommended allowed our client to centralize all data into a single database, bring together core functional areas under one system, streamline the royalty transaction process, improve collaboration across departments, and generate powerful analytics and reports.
KEY IMPROVEMENTS
Strengthened the quality of data, both current and historical
Streamlined royalty transaction process
Consolidated multiple systems into one centralized, cloud-based tool