Music Industry Giants Streamline Global Royalty Payments with Tipalti Solutions
Tipalti revolutionizes royalty payment management for major music industry players through automated, compliant, and efficient global payment solutions. Here's how leading companies are benefiting from this technology:
Managing music royalties and payments
Key Benefits:
- Automated tax compliance across 196 countries
- Streamlined cross-border transactions
- Efficient global payment processing
- Enhanced security and error reduction
Success Stories:
Symphonic Distribution
- Manages 100,000+ clients representing 500,000 artists
- Automated monthly payments through SplitShare service
- Streamlined tax data collection
- Eliminated manual processes
Create Music Group
- Reduced payment processing from days to one hour
- Custom iFrame for artist onboarding
- Saved 36 days annually in payment workload
- Manages 25,000+ artist payments
Spitfire Audio
- Reduced payment processing from 6 weeks to 30 minutes
- Automated 1,500+ global payouts
- Eliminated manual data entry
- Integrated accounts payable and procurement management
Thematic
- Implemented self-service portal for artists
- Streamlined tax and bank data collection
- Created centralized dashboard via API integration
- Offers flexible payment methods
Impact on Music Industry:
- Improved artist relationships through reliable payments
- Enhanced operational efficiency
- Better global tax compliance
- Reduced manual workload
- Faster payment processing
- Increased security and accuracy
Gavel in courtroom
Stylized USA map in abstract design
These implementations demonstrate how Tipalti's technology enables music companies to scale operations while maintaining efficient, compliant, and secure payment processes for their global creator communities.