Vistex Inc. announced the availability of SAP Rights and Royalty Management by Vistex, cloud edition as part of SAP’s industry cloud for the media industry. The solution extends Intelligent ERP solutions from SAP and it is built on SAP Business Technology Platform (SAP BTP). The solution is an integral component of the Vistex cloud portfolio with the ability to effectively manage rights and royalties in the media and entertainment industry.
Through the partnership between SAP and Vistex, this solution brings management and monetization of rights and royalties together. With a high volume of transactional data coupled with the most complex contracts management and royalty calculations, SAP Rights and Royalty Management by Vistex, cloud edition manages content, clears rights, collects and distribute royalties and supports the management of the entire end-to-end supply chain, in the cloud and within an integrated suite.
“This new solution is the culmination of many years of design and development which has created an industry-leading application capable of managing music, media, and other intellectual property rights in a single cloud-based solution. These are very exciting times as we move our offerings to the cloud,” said Amos Biegun, Global Head of Rights and Royalties at Vistex.
“At SAP we support continuous innovation of cloud solutions for the media industry, and we are seeing our customers push the boundaries of their digital transformations,” said Richard Whittington, Senior Vice President – Media and Entertainment, Industries and Customer Advisory at SAP. “For today’s media companies, the ability to understand their rights and the ability to pay rights owners is a key part of that transformation. With this new industry cloud solution from Vistex we are able to offer our customers unique flexibility in their SAP S/4HANA deployments.”
Vistex cloud applications are now commercially available to businesses using SAP solutions, a direct result of a strategic expansion of Vistex’s partnership with SAP. Through a global reseller agreement with SAP, these Vistex cloud solutions are branded, licensed, supported and sold by SAP.
As a comprehensive cloud-based portfolio built on SAP BTP and offering out-of-the-box integration with SAP S/4HANA®, the software helps solve critical business issues and provides customers with insights they need to make informed decisions. Vistex implements, administers, and provides advisory services so customers can realize the full benefit from the programs they run. As part of a portfolio of cloud applications, these latest leading-edge solutions enable companies in these industries to further their digital transformation.
Vistex has been an SAP partner since 2006 and has been part of the SAP Solution Extension initiative for fifteen years, earning recognition as an industry standard. These new cloud solutions expand the existing solution extension portfolio by Vistex to enable each company’s journey to the cloud.
About Vistex:
Vistex solutions help businesses take control of their mission-critical processes. The company’s software manages mission-critical programs, including pricing, royalties, rebates and chargebacks as part of the enterprise management system. Its solutions run inside SAP Business Suite applications, as well as SAP S/4HANA®, offering real-time insights into program performance. With a multitude of programs covering pricing, trade, royalties and incentives, it can be complicated to see where all the money is flowing, let alone how much difference it makes to the topline and the bottom line. With Vistex, business stakeholders can see the numbers, see what really works, and see what to do next – so they can make sure every dollar spent or earned is really driving growth, and not just additional costs. The world’s leading enterprises across a spectrum of industries rely on Vistex every day to propel their businesses.
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