The global music industry's approaching $100 billion annual revenue demands sophisticated accounting and payment infrastructure. Here's what a competitive system needs to handle in today's complex music business landscape.

Core Requirements for Modern Music Industry Payments:

• Process and pay rights owners within 30 days for every play across all platforms globally
• Support multiple payment methods (PayPal, ACH, eCheck, foreign currencies)
• Automatically handle tax compliance across all U.S. states and international territories
• Manage complex payment structures including splits, disputes, and advances
• Integrate seamlessly with major ERP systems (NetSuite, Intacct, Microsoft, SAP, QuickBooks)
• Scale efficiently to handle thousands of payees without manual intervention

The good news is that payment infrastructure has matured significantly. Modern solutions can be implemented quickly and effectively, eliminating the need for extensive trial and error periods.

Key Assessment Checklist:

1. Can you track and pay for every play globally within 30 days?
2. Do you support all major payment methods?
3. Is tax compliance automated across all jurisdictions?
4. Can you handle complex rights management and split payments?
5. Does your system integrate with existing ERP software?
6. Is your workflow scalable without manual overhead?

Modern solutions like Tipalti offer comprehensive automation for these requirements, helping businesses maintain tax compliance while managing complex payment structures for hundreds of thousands of payees. The ability to handle this complexity efficiently is now a competitive necessity in the music industry.

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