Once upon a time, bigger labels and publishers could beat smaller labels and publishers with better infrastructure.  Actually, that went for any kind of music company, including venues, PROs… whatever. Those days are pretty much over, especially when it comes to payment platforms.  Now, any label, publisher, venue, booking agent, or copyright-managing company – of any size — can build a completely professional payment platform at a fraction of the cost. The game-changer is coming from Exactuals, a company coming off a major victory in film and TV. Exactuals has spent the past few years transforming a chaotic residual payments process involving studios and unions.  In short, Exactuals is effectively eradicating paper checks and millions in unnecessary overhead.  Now, they’re focusing on music, with the goal of dramatically reducing hassle and overhead.  Accordingly, we’ve teamed up with Exactuals to break down the core components of streamlined accounts payable to artists, and dramatically change some businesses in the process. When it comes to getting paid, music creators want three things: fast and accurate payments, transparency in reporting, and assurances that their payments are secure. Fail on any front, and your talent will go elsewhere. Read more here…

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