Ready to have more control over your royalty processing? At Tone, flexibility and transparency have always been at the core of how we help you manage royalties. That’s why our royalty management platform is designed to work on your schedule, not the other way around. For labels and other music companies who want more autonomy, our platform makes it easy to create and manage your royalty periods.
Whether you prefer automation or more hands-on control, our platform is here to support your royalty processing with accuracy and speed. From contract modeling to royalty tracking, Tone is built to reflect the way modern music businesses actually operate.
Draft Royalty Periods At Your Own Pace
With Tone, you can preview royalty calculations at any time by working with draft or interim royalty periods. You choose your contract group, time frame, and the specific sales and costs you want to include in your draft. With a click, see how each statement is shaping up—before anything is finalized or approved.
Draft royalty periods offer greater flexibility and visibility. They help you catch errors early and ensure your data is accurate from the start. This workflow offers proactive, informed royalty management at every stage of the process.
Here’s how to start:
- Navigate to the Royalties page
- Click on the + Create Draft button to begin managing a new period.
- Select a Contract Group
- Select the Timeframe
- Click Next
Tip: Contract Groups are groups of contracts that are processed together at set time intervals. These groupings are established when creating the contracts.
Fully Customizable Sales & Costs
Use customizable filters to hone in on the set of sales files and costs you want in your royalties run. As you upload more data to Tone, those files become available for use in your royalty drafts. So you can build a period draft over time.
Start and stop at your pace. Your selections are automatically saved as a draft, giving you full flexibility to work at your own pace.
How to input sales & costs:
- Select Sales
- Use the checkboxes next to each file to select individual sales files or select the checkbox in the table header to select all visible files.
- Use the search bar to quickly find specific files by name.
- Apply filters by Filename, Report Date, Source, or Status to narrow your search.
- Select Costs
- Use checkboxes to select individual costs, or select the checkbox in the table header to select all visible costs.
- Search by cost name using the search bar.
- Narrow your view by applying filters for Transaction Date, Type, Mapping, or Target Period
Tip: Click Clear filters above the table’s right corner to see all costs or sales again.
Run Royalties Calculations & Go Deep on the Details
We’ve worked hard to reduce the amount of time it takes run royalty calculations. In most cases, your statements will be ready to review in the time it takes to refill your coffee.
Download reports to verify the sales lines or costs that didn’t match contracts and therefore weren’t included in the royalty period. If something needs adjustment—like unmapped sales or missing costs—you can make changes and recalculate anytime. This ensures your statements are clean, complete, and accurate before you finalize them.
How to run calculations:
- When you’ve selected the applicable sales and costs for your period, click Run calculation to generate your statements. Now it’s time for review.
- If you need to make any changes sales or costs selected in the period set up step, you’ll need to click the Re-run calculation button to generate updated statements and see the changes reflected.
- Once you’re happy with the calculations, it’s time to share it with your team for final review. This step means you’re confident the calculations are correct and ready for one last round of approvals.
Tip: Although it’s usual to include both sales and costs, if you don’t need to include one or the other (or either) in a given period, skip this step (you can always add them later).
Tone is the royalty platform the music industry has been waiting for. Royalty processing doesn’t have to be an afterthought. With Tone you can take advantage of more flexibility, faster results, and complete control over your workflow. You’ll be able to run your royalty periods, make instant updates, and ensure everything aligns with your business needs. Plus, with Tone you get a hub for your whole team to maximize royalties data and action real-time insights.
Want to explore all of these on-demand features? Our team is just a call away. Schedule a demo to see our on-demand functionality with our team.
