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 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.