Continuum International Publishing Group, leading independent academic publisher with offices in London and New York, and Klopotek, leading provider of international software solutions to the publishing industry, have entered into an agreement to implement the Klopotek Contracts, Rights and Royalties solution (CR&R) as SaaS (Software as a Service).
The number one software solution for royalties and rights in the publishing arena will allow Continuum to optimize their author relationship management and provide maximum transparency regarding rights sales and royalties to their authors. Setting up one single system for use in both London and New York offers numerous synergies and a fully unified royalty environment across the company. The system will cater for optimized international rights sales and marketing options while properly respecting the national legal and fiscal requirements.
Continuum is planning, in a planned second phase of the project, to enable authors to access royalty statements online, and additional download features will also be available. The advanced marketing and sales tool for rights and permissions and the central contract management will enable the publisher to increase their potential in creating new sales opportunities. The Klopotek system is based on best practice business processes and assures SOX compliance.
The project has already created positive effects within the company. Oliver Gadsby, CEO of Continuum, stated:
“It is worth saying that the project is generating a very positive mood amongst the Continuum team, who can see clear benefits ahead, once the CR&R system is installed. They are also enjoying the very professional collaboration with the Klopotek team.”
Bob Marsh, CFO at Continuum, focused on the transparency and the overview capabilities of the Klopotek system:
“Clearly, the Klopotek system will provide us with improved features for our liquidity planning and budgeting. The combined view on our UK and US royalty and rights business offers many more options than we currently have with the two separate systems. And our authors will benefit from more detailed information on their royalty statements as well.”