How Music Industry Leaders Use Tipalti to Streamline Royalties

Tipalti streamlines royalty payments here's how

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Music production and digital content creation is a fast-paced world, and managing payouts to all artists, influencers, and creators involved can quickly become a logistical nightmare. Let’s take a peek at how Tipalti has helped some of the biggest names in the music business, like Symphonic Distribution, Create Music Group, Spitfire Audio, and Thematic stay on track with efficiency and compliance in royalty payouts.

The following was created in collaboration with Tipalti, a company DMN is proud to be partnering with.

Tipalti transforms payout operations for digital music brands, allowing these companies to focus on creativity and growth. Automated tax compliance is a huge part of that, with Tipalti’s ability to manage tax compliance requirements in more than 196 countries. The company’s global reach enables financial operations for companies across the globe—especially where cross-border transactions add extra work and complexity.

Tech-focused music distribution company Symphonic Distribution uses Tipalti to automate royalty payouts for over 100,000 clients that represent 500,000 artists. The company’s proprietary SplitShare service allows creators to add collaborators, set revenue splits, and ensure automatic monthly payments. With Tipalti, Symphonic has eliminated manual processes, enhanced client security, and streamlined tax data collection—enabling a lean team to scale the business with fewer operational bottlenecks.

Meanwhile, Create Music Group and its artist-first approach uses Tipalti for an automated solution for global payouts and accounts payable. By integrating Tipalti with its ERP, NetSuite, Create Music Group reduced its payment processing time from several days down to just one hour. The company also implemented a custom iFrame for artist onboarding, which allows Create Music Group to maintain brand recognition while enhancing customer loyalty. The direct results of Tipalti’s technology include reduced payment workload by 36 days annually, centralized operations under a single system, and fast and error-free payouts to more than 25,000 artists.

Spitfire Audio also transformed its royalty payment process through its partnership with Tipalti. The company is a leader in cinematic sound libraries and was previously managing payouts to 700+ musicians manually—which equated to six weeks of manual work. With Tipalti, this process now only takes 30 minutes. Because of this success, Spitfire Audio also moved accounts payable and procurement management over to Tipalti, which freed up its finance team’s time even further. With Tipalti, Spitfire Audio automated over 1,500 global payouts, eliminated manual data entry while reducing errors, and reduced payment processing time from weeks to hours.

Thematic also partnered with Tipalti to handle its complex royalty and licensing payments. For this digital content platform, Tipalti created a self-service portal for artists to help standardize the collection of tax and bank data—streamlining global payouts in the process. Thematic also integrated Tipalti’s API to build a centralized dashboard, allowing artists to choose their preferred payment methods and receive funds faster.

For companies in the music industry, efficiently and securely paying digital creators is more than just an operational task—it’s a critical part of building lasting relationships with artists and creators. Tipalti Mass Payments has helped companies like Symphonic Distribution, Create Music Group, Spitfire Audio, and Thematic reduce the manual workload while creating a better experience for their global communities.

If you’re in the music production and services industry, consider how Tipalti may help you accelerate your payout operation and support creators. Tipalti can help music companies scale business with ease by automating manual tasks, achieving global tax compliance, and streamlining payouts worldwide. Reach out to Tipalti to learn more about transforming your financial operations.


Content shared from www.digitalmusicnews.com.

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