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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 ofHachette 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.
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