Collections
Kobalt's administration infrastructure provides clients with fast, transparent and accurate royalty collection from a complex web of transactions around the globe. It is:
- Direct - on average 85% of royalties are collected directly from end users or societies, with no other intermediaries. As a result royalties are often paid out 50% faster than the traditional publishing model
- Global - millions of music users around the world are covered
- Electronic - wherever possible information is exchanged electronically increasing accuracy and reducing the loss of income that results from errors
- Automatic - removing the errors from manual processes
- Unique - Kobalt's systems were developed in-house and are not licenced to any other party
- Centralised - all information is stored in one database reducing replication and duplication errors and enabling comprehensive cross- referencing to facilitate extremely powerful royalty tracking
Not only is more money collected more quickly first time as a result, but the integrated and comprehensive information stored allows Kobalt to carry out value-based royalty tracking on a much larger scale to ensure that all owners of rights are better off with Kobalt. Kobalt gives detailed and comprehensive information to clients, allowing a better understanding of their income and a higher level of comfort that they are being paid correctly.
