Track Royalties provides a unified platform that combines global banking, accounting, and royalty payment services for music labels, artists, and publishers. The solution consolidates multi‑currency accounts, real‑time transaction monitoring, compliance checks, and financial reporting into a single dashboard, streamlining cash‑flow management and accelerating royalty distribution.
Funding
Funding not disclosed
Founders
Product
Problem
Music labels and artists often struggle with fragmented financial processes, requiring separate banking, accounting, and payment tools to manage royalty collections, cash flow, and reporting. This fragmentation leads to delayed payments, compliance challenges across jurisdictions, and high administrative overhead.
Solution
Track Royalties offers an integrated platform that combines global banking, accounting, and payment services specifically for the music industry. The system consolidates royalty income, expense tracking, and financial reporting into a single interface, enabling real‑time transaction processing and compliance with international regulations. By automating cash‑flow management and providing consolidated statements, the platform reduces manual reconciliation and accelerates revenue distribution to rights holders. Users can access banking features such as multi‑currency accounts and automated payouts alongside accounting tools that generate standard financial reports and tax documentation.
Target Audience
Primary customers are music labels, independent artists, and music publishing entities that need a consolidated financial solution for royalty management and cash‑flow optimization.
Features
- Unified dashboard for banking, accounting, and royalty payments tailored to music business workflows
- Multi‑currency global banking accounts with automated foreign exchange handling
- Real‑time transaction monitoring and settlement for royalty streams from multiple sources
- Automated compliance checks for international tax and regulatory requirements
- Integrated financial reporting tools that produce balance sheets, income statements, and royalty statements
- API connectivity for syncing royalty data from distributors, collection societies, and streaming platforms