Royalty Reader automates the extraction of data from contracts, royalty statements, and related documents, turning PDFs and other formats into structured forecasts, payment advices, reminders, and reports. The platform supports multi‑currency, multi‑title statement splitting, and real‑time commission analytics, enabling literary agencies to generate payment files and track earnings across authors, titles, and territories without manual data entry.
Funding
Funding not disclosed
Founders
Product
Problem
Literary agencies and rights managers must manually extract data from contracts, royalty statements, and other publishing documents, a process that is time‑consuming, error‑prone, and often leads to missed deadlines for payments, reversion dates, and other contractual obligations.
Solution
Royalty Reader automates the conversion of incoming PDFs and other document formats into structured data that can be used for forecasts, payment advices, reminders, and reports. The platform extracts key metadata such as titles, authors, publishers, royalty rates, escalators, and sales figures, then stores the information in a secure cloud repository for indefinite reference. Built‑in multi‑currency handling and automatic FX conversion allow users to work with royalties in any currency, while multi‑title statement splitting isolates individual titles for easier accounting. Real‑time dashboards provide commission analytics by author, title, territory, and period, and contract notifications alert users to upcoming reversion dates, option deadlines, and milestone payments. The system also generates industry‑standard payment advices and can email them directly to payees with a single click.
Target Audience
Primary users are literary agencies, rights management teams, and publishing finance departments that need to process large volumes of royalty statements and contracts efficiently.
Features
- Automatic extraction of data from PDFs and other document formats, including title, author, publisher, royalty rates, escalators, and sales units
- Multi‑title statement splitting to create separate records for each title within a single statement
- Multi‑currency support with real‑time FX conversion and consolidated reporting
- Real‑time commission analytics dashboards showing earnings by author, title, territory, and time period
- Contract notification engine for reversion dates, option deadlines, and milestone payments
- One‑click generation and emailing of payment advices in industry‑standard format
- Secure cloud storage of uploaded documents for perpetual reference
- Support for publishing, film/TV, and speaking contracts within a single platform