VRVirtual understands the strategic importance of creative assets that can generate royalties and the need for effective monetization of content through optimal rights management. Our application provides the most cost-effective solution to address industry requirements - From basic contract tracking and organizing to the complex administration of corporate contracts. Our application helps you significantly decrease the amount of time and resource required to manage and administer all your contracts.
Using a rights and Contract Management Application like ours can bring multi-faceted benefits:
- Structuring more profitable deals by implementing better negotiations
- By keeping you regularly updated on status of contracts and negotiations, the application helps you recognize revenue quickly
- Assessing the total value of a multi-contract relationship by helping you incorporate all other cost factors involved.
- Taking advantage of renegotiation windows to improve terms.
- Avoiding penalties and sanctions by ensuring operational and regulatory compliance.
- Complete product repository is stored online with all the details that the you may want to maintain. This can be further integrated with existing CRM application and shared with channel partners through ONIX/ XML.
- Single-point repository for managing all contacts – Authors/ Vendors/ Publishing Companies.
- All types of agreements can be maintained in the system and managed through the application – Title Permission, Title License with other Publishers, Assignment Contracts, Vendor Contract, Permissions, Permissions for Selling Extracts, Online MOA request.
- Profile-wise Dashboards to help user get alerts for pending actions and overview of daily tasks.