For many labels, managing royalties becomes a cumbersome process, especially when they rely on outdated systems like Excel and disjointed third-party payment apps. That means for artists, the process is frustrating, opaque and unpredictable, which leads to lots of questions for your label to field. Making the switch to an integrated platform like Tone can transform these challenges into streamlined operations that empower artists and strengthen their trust in your label.
Why Artists Love Labels Who Choose Tone Over Other Platforms
Seamless royalty payments
At Tone, we’ve streamlined the royalty payment process by integrating it directly within our royalties management platform. This approach not only simplifies your workflows but also facilitates timely and accurate payments directly to your artists’ bank accounts. Our platform relieves your team of the burden of juggling multiple systems, while also giving you peace of mind that your artists are getting paid properly. No more wondering how, when, and where payments are made.
Enhanced Onboarding and Transparency
We have refined the onboarding process to ensure a smooth transition for your artists. From the moment they login, our royalties platform takes them through the steps to set up their account for payments, including bank and tax information. This not only fosters transparency, but also allows you, as a label, to monitor which artists are payment-ready.
How Bank and Tax Status Monitoring Works
You can quickly view whether artists have been invited to join Tone, have activated their accounts, or need to update their bank and tax information. This feature keeps all financial data up-to-date, which is crucial for smooth payment processes.
User-friendly Dashboard
Understanding and managing royalties shouldn’t require advanced technical skills. Tone’s dashboards are designed for clarity and ease of use, empowering your label and your artists with tools to understand and explore their earnings. This transparency allows you and your artists to manage finances with confidence, ensuring both can focus more on music and less on math.
Advanced Analytics
As soon as you release statements to your artists, detailed analytics on earnings and streaming data are ready at their fingertips. This type of access to visualized analytics is vital in the constantly-changing music market, enabling swift decisions that propel you and your artists ahead.
Here's how artists can see their analytics
Artists can delve into their financial progress, viewing detailed breakdowns by track, platform, or territory. This visibility into sales and streaming patterns is crucial for understanding market trends and optimizing strategies.
When your artists are on Tone they can monitor their progress against recoupable costs, view detailed sales from previous periods, and analyze performance across various dimensions. This granular insight into their financial landscape is not just empowering—it’s essential for making informed decisions that align with their artistic and business goals.
Dedicated Artist Support
At Tone, we pride ourselves on delivering dedicated, comprehensive support. We know that smooth operations are essential for building trust and maintaining continuity. Our support team works directly with artists on everything from dashboard navigation to royalty statement interpretation. This proactive approach takes the burden off your label by handling inquiries that would otherwise consume your team’s time and resources. By shifting these day-to-day support responsibilities away from your label, you’re free to focus on strategic initiatives that drive growth.
Embracing the Evolution of Music Royalties Management
As the music industry continues to evolve, Tone remains at the forefront, distinguished not only by our robust features but also by our commitment to innovation and user-centric design. We’ve developed our royalties platform with direct input from industry professionals, record labels and publishers, to ensure we meet the real-world needs of you and your artists.
In an era dominated by data-driven decisions, Tone stands out as a royalties processing and management partner by prioritizing functionality, security and support. Our royalties platform is designed to enhance your operational efficiency and financial transparency, enabling you to build stronger relationships with your artists and optimize every revenue opportunity.
Ready to Transform Your Label’s Royalty Management?
If you’re looking to revolutionize how you manage royalties and strengthen your relationships with artists, share this article with your team and book a demo with us today. Discover how Tone can make every release and stream count towards the success of both your label and your artists.
Together, let’s harness the full potential of your music revenue.
