Hachette Audit Confirms 100% Accurate Reporting of Digital Sales
New York, NY (PRWEB) July 25, 2012
Hachette Book Group (HBG), a division of Hachette Livre, the world’s second largest book publisher, today announced the results of a validation audit confirming the company is accurately processing digital sales and providing correct reporting to its authors. The audit, which looked at sales from January 2012, validated Hachette’s systems and processes for managing digital sales received from dozens of eBook retailers and revealed that 100% of the sales have been processed and reported.
In a memo to its employees, Hachette management credited this success to its use of RoyaltyShare’s Digital Advantage for eBooks platform, a Software-as-a-service offering that automates the collection, processing and normalization of complex digital sales data.
“As digital sales grow and the number of channels rapidly expands, managing and tracking digital sales data is becoming increasing complex and important,” said David Young, Chairman and CEO of Hachette Book Group. “Hachette recognized early on that these functions would be best handled by a company that specializes in automating these processes. HBG was one of the first publishers to sign on to RoyaltyShare and I do not believe the stellar results of the digital sales audit would have been possible without an investment in RoyaltyShare’s advanced platform.”
“It is always gratifying to learn that our technology is central in helping companies manage complex, business critical processes,” said Bob Kohn, Chairman and CEO of RoyaltyShare. “We have worked closely with Hachette over the past two years to streamline the complexities of digital sales file management and the results of this audit are the fruits of that effort.”
Digital Advantage for eBooks gives domestic and international book publishers a proven solution for addressing large, complex digital revenue data from eBook, downloadable audiobook, and print-on-demand retailers. Digital Advantage for eBooks supports the revenue data feeds from dozens of digital retailers and distributors worldwide, supporting both the agency model and retail model.
RoyaltyShare’s Digital Advantage for eBooks builds upon the company’s years of experience serving record labels and distributors in the music industry. The patent pending technology is used by hundreds of record labels and music distributors processing billions of music download and streaming transactions. Digital Advantage delivers substantial cost savings while increasing both the accuracy of digital revenue data and the transparency of the workflows involved in managing the digital revenue process.
Hachette Book Group (HBG) is a leading trade publisher based in New York and a division of Hachette Livre, the second-largest publisher in the world. HBG publishes under the divisions of Little, Brown and Company, Little Brown Books for Young Readers, Grand Central Publishing, Hachette Nashville, Orbit, and Hachette Digital.
HBG also provides a wide range of custom distribution, fulfillment and sales services to third party publishers including Harry N. Abrams, Amazing People Club, Chronicle Books, Filipacchi Publishing, Gildan Media, Guinness World Records, Hachette UK, InnovativeKids, Marvel, Octopus Books, Oxmoor House, Peterson’s, Phaidon Press, Time Home Entertainment Inc., and Windblown Media.
RoyaltyShare, Inc. provides key technology and services to entertainment companies worldwide, helping them deploy state-of-the-art technology and transform key business processes to address the radical shift from physical to digital distribution. Having a management team with over 30 years of experience in technology development and providing specialized services for the entertainment industry, RoyaltyShare works with some of the world’s largest entertainment conglomerates.
RoyaltyShare offers a combination of Enterprise Services and Technology Solutions aimed at significantly reducing costs through process improvement, automation, scalability, optimization, and validation, and specializes in providing technology and services to firms in the record industry, book publishing, music publishing, film and television, among other entertainment and media segments. RoyaltyShare is headquartered in San Diego, with operations in New York, New Jersey, Pennsylvania, and London. More information on the company can be found at http://www.royaltyshare.com.