Publishing Technology and Sterling Publishing emphasize long-term partnership with first live installation of advance Contract, Rights & Royalties solution
(Press Release) February 9, 2011- Publishing Technology plc (LSE: PTO), the largest provider of software and services to the Publishing industry, is very pleased to announce the first live installation of the new advance Contract, Rights & Royalties (CR&R) solution.
Sterling Publishing, a committed Publishing Technology customer for over twenty years and one of the world's leading publishers of non-fiction books, is a publishing subsidiary of Barnes and Noble Booksellers, acquired in 2003.
Previously operating on the VISTA-branded Royalties system from Publishing Technology, Sterling provides its parent company with publishing and distribution rights to thousands of titles. Sterling has an active list of owned and distributed titles and annually publishes and distributes new titles. The CR&R system today handles numerous contracts and authors and contributors in support of those products.
The new advance CR&R solution provides for the management and payment of royalties and subsidiary rights and includes electronic interfaces to support the import of title, author/payee, and sales data. The CR&R system, from advance, manages a number of critical functions including royalty contracts, author and contributor data, royalty products and sales, royalty payment calculations, and statement production. And as the system is hosted by Publishing Technology, it allows Sterling and Barnes & Noble staff to concentrate on their core businesses, while Publishing Technology provides and maintains the hardware and software environment. Publishing Technology will continue to support Sterling's VISTA Fulfilment and Warehouse Management systems.
Neil Glasser, CPA / CFE, Sterling Publishing, observed: "It's was a pleasure working with Publishing Technology on the implementation of advance. Simply put, these guys "get it". They understand publishing and they understand systems, which creates a seamless and efficient process. We have many titles with complex author, rights and royalties arrangements. Now we have one single system which works across the board. The advance interface is very intuitive and a significant step forward from our previous systems. It was a challenge integrating Barnes and Noble into the project, particularly dealing with the legacy system providers, but Publishing Technology made it easy. Best of all, they delivered on time and within budget."
Jay Teitelbaum, COO, Publishing Technology North America, comments: "Sterling presented an excellent opportunity for us to demonstrate the efficiency and flexibility of the advance system when replacing and integrating with legacy systems, across a complex user-base. As the first of our go-lives for advance in North America, it's hugely rewarding the project has been such a success."
The advance platform has recently been accredited with Supply Chain Excellence by BIC (Book Industry Communication), the independent organization for promoting standards for electronic commerce and efficiency within the supply chain.
Publishing Technology operates across the trade and academic markets, in books and journals, print and on-line. Working with more than 500 publishers, to date, the company has operated primarily from the UK and the US, but has recently also expanded into Japan, Brazil and Germany.
About Publishing Technology plc
Publishing Technology's brands include /advance/, ingentaconnect, VISTA, author2reader, pub2web, ICS and PCG. The Publishing Technology group enables publishers to focus on their core competences by providing a single, trusted partner for both technology requirements and business development services. It is one of the largest providers of software and services for the publishing industry, servicing eight out of ten of the world's largest publishers. The group's proposition uniquely spans front and back office systems - complemented by a range of business development services - to provide the industry's only end-to-end suite of software specifically designed to support the publishing process. Capabilities cover editorial & production, product information, billing & fulfilment, content conversion & hosting, website development, marketing programs, information commerce, customer relationship management, rights & royalties and business intelligence. All application modules can be configured independently to meet specific publishers' needs and to allow flexible integration with existing systems. Associated sales and marketing services include consultancy and research, sales representation and telemarketing. The company is listed on the AIM market of the London Stock Exchange and has offices in Europe, North America and Australia.
Visit www.publishingtechnology.com, follow on Twitter @publishingtech, or connect on LinkedIn.
About Sterling Publishing
Acquired by Barnes and Noble in 2003 and founded in 1949, Sterling Publishing is one of the world’s leading publishers of non-fiction books, covering a broad range of subject areas including current events, diet and health, parenting, popular culture, reference, history, art and artists, music, and everything in between.
advance is the next generation of software solutions to manage today’s evolving enterprise. It is the most flexible offering of its kind on the market and intertwines more than 30 years of industry expertise with cutting edge technology. The end-users benefit from customizable dashboards, user-level personalization, an intuitive user interface, extensive workflow management tools, and powerful analytic tools. The IT and Operations areas benefit from lower cost of ownership, accelerated development, automation of processes, and simplified maintenance. advance is accredited by BIC (Book Industry Communication) with the award for Supply Chain Excellence.