The global music industry's approach to $100 billion in annual revenues demands sophisticated payment solutions. Modern accounts payable requires robust financial platforms to ensure accurate, timely payments across complex scenarios.

Key Payment Infrastructure Requirements:

• Process and pay rights owners globally within 30 days
• Support multiple payment methods (PayPal, ACH, eCheck, foreign currencies)
• Handle tax compliance across all jurisdictions
• Manage complex payment structures (splits, disputes, advances)
• Integrate with major ERP systems (NetSuite, Intacct, Microsoft, SAP, QuickBooks)
• Automate processes for thousands of payees

Essential Capabilities Checklist:

1. Global rights payment processing within 30 days
2. Multi-method payment support
3. Automated tax management worldwide
4. Complex payout handling
5. ERP integration capabilities
6. Scalable automation for mass payments

Modern payment platforms like Tipalti offer comprehensive solutions that address these requirements through automation. Their systems can manage extreme complexity while maintaining tax compliance and handling varied payment structures for hundreds of thousands of payees.

Investment in proper payment infrastructure is crucial for:

• Accurate royalty distributions
• Timely payments to rights holders
• Tax compliance
• Efficient resource allocation
• Reduced manual processing
• Scalable operations

Companies should evaluate their current payment systems against these industry benchmarks to ensure competitiveness and efficiency in today's rapidly evolving music industry landscape.

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