A Royalty Calculator Custom-Built by Andersen’s Team

Project overview

Andersen was contacted by a UK-based media company working as a remote-first software vendor and providing a SaaS-based asset management platform (ARM) for the world of music, media, and broadcasting. The customer also offers a SaaS-based royalty accounting platform (IRIS) capable of calculating royalty payments. Andersen’s team had two missions: working on a long-term roadmap for the development of a new product module and helping to redevelop the customer’s old legacy code with modern technologies.

Project details

Andersen's team was involved in engineering a portal to manage artist royalties. The resulting platform makes it possible to collect data on royalties from different sources, perform complex calculations with a high level of automation, and accurately distribute royalties. Advanced reporting capabilities for various stakeholders are also available.

Key functionality

With Andersen’s assistance, the customer has obtained a platform to develop its business, which offers the following capabilities:

• A convenient UI interface to monitor artists’ licenses, contracts, and data. The user can also manage multiple third-party libraries via searchable interfaces;
• Metadata management covering various music tracks;
• A possibility to create playlists and share them with other users so that they can also view or edit it;
• Functionality for creating artist profiles and special pages for tracks and albums. Various relations between artists, albums, and tracks can be added;
• A fine-tuned submission process to enable artists to submit their content to managers for review before publishing it;
• Artist royalty management and monitoring.

Project results

• The custom-built royalty calculator has achieved a customer satisfaction of 92%;
• The calculator has a 99% accuracy rate for quick calculations;
• The user base has grown by 18%.

Customer review