Before Shai Goodman started working at Blume, an independent label founded by the electronic artist 3LAU, she didn’t have much experience with royalties payable. “It was a deep dive into the process,” she says.
Blume had been using traditional royalties software for years. “We would get the statement from them and then do the rest ourselves,” she says. “We would email X person who wrote on X track and say, ‘Here’s what we owe you. Please send us an invoice and we’ll pay it.’ We did that twice a year and it definitely took a long time. Many hours in Google spreadsheets, making sure everything was right.”
For an independent label with a three-person staff, it was a challenge. “To pay people on time and accurately, we needed an easier, more streamlined way to do our royalties,” says Shai. That’s why they turned to Tone. “It’s incredibly helpful. As opposed to keeping track of everything ourselves, it’s an automated system that tells us, ‘Your H2 2022 mechanicals are ready to review.’ You don’t need a deep understanding of accounting. It’s so easy and it looks so clean, an intern could use it. ”
Now that the Blume team is paying royalties through Tone, they can concentrate on what they really love – music.
Want to take a first-hand look at how Blume simiplified their royalties payable process? Book a demo with Tone today.