The global music industry's approach to $100+ billion in annual revenues requires sophisticated payment and accounting infrastructure. Here's what a competitive system needs to handle in today's complex music business environment.

Essential Payment Infrastructure Requirements:

1. Payment Processing Capabilities:

• Process all payments within 30 days of play occurrence
• Support multiple payment methods (PayPal, ACH, eCheck, foreign currencies)
• Handle worldwide territory payments
• Process complex rights owner splits and disputes

2. Tax Compliance Features:

• Automatic tax handling across all U.S. states
• International territory tax compliance
• Threshold management
• Automated deduction processing

3. Integration Requirements:

• Seamless connection with major ERPs (NetSuite, Intacct, Microsoft, SAP, QuickBooks)
• Automated workflow capabilities
• Real-time synchronization
• Scalable processing for thousands of payees

4. Rights Management Features:

• Accurate tracking of all rights owners
• Management of complex payment splits
• Dispute resolution tools
• Advance payment handling

Key Assessment Checklist:

• Can you track and pay for every play globally within 30 days?
• Do you support all required payment methods?
• Is tax compliance automated across all territories?
• Can you manage complex rights owner scenarios?
• Does your system integrate with major ERPs?
• Can you handle high-volume payments efficiently?

A competitive payment infrastructure should provide affirmative answers to all these questions. Modern solutions like Tipalti offer comprehensive automation for these requirements, enabling efficient handling of complex payment structures while maintaining compliance and accuracy.

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