Ingrooves Music Group has launched a new suite of royalty accounting tools for independent artists and labels.
The new suite offers three levels of service, including ‘Register Splits,’ which offers small labels a way to automatically split income,and ‘Register Pro’, a royalty accounting service for larger labels “with more complex artist deals”.
The third tool, ‘Register Full-Service’ gives labels access to Ingrooves’ team of royalty accounting professionals.
Each of these tools are product extensions of Ingrooves’ Register financial portal.
Ingrooves says that royalty support, including US tax support to labels and their payees, including 1099 and 1042 reporting, is accessible at every level of service.
Ingrooves also supports payments to over one hundred countries in a variety of currencies and payment options.
The new suite of tools follows Ingrooves’ announcement last year that it was awarded a US utility patent for its invention of music marketing methods using AI and machine learning.
The tech can detect shifts in audience engagement and create marketing campaigns that connect artists with their audiences.
“This suite of services is the kind of flexible solution that can help literally any one of our clients, no matter what size or level of complexity of their business.”
Bob Roback, Ingrooves Music Group
Bob Roback, CEO of Ingrooves Music Group, said: “Our labels have been asking for accounting tools to help them with a wide variety of their needs and together this suite of services is the kind of flexible solution that can help literally any one of our clients, no matter what size or level of complexity of their business.
“Whether you’re a small single artist label or a more complex operation that deals in multiple markets around the world, these solutions are a powerful, seamless solution that can be leveraged within the Ingrooves ecosystem to make more efficient, timely and accurate payments to royalty earners.”Music Business Worldwide