Gone are the days where your royalty team needs to rely on Excel sheets for managing royalty reporting activities. OARA is a web and mobile platform that connects licensees, sales agents, and licensors to make the process of collecting, submitting, reviewing and storing royalty statements simple and efficient.
With OARA, once a project is established, automated reminder emails are sent when a statement is due. These emails include a unique link that allows licensees to easily upload and submit their self-created statements with just two clicks.
One final click to save the upload locks the record and automatically sends statement submission confirmation emails to all relevant parties, serving as a secure, auditable record for reporting purposes.
After a statement has been uploaded, OARA enables you to monitor the most important financial information derived from royalty statements in the system, including the status of recoupment, payable overages and reported revenue.
OARA generates comprehensive statement reports, either by title (all licensed territories sorted from A to Z), by distributor, or by territory and shows all financial data converted into your preferred operational currency (e.g. USD).
OARA offers data management services to help you to stay on top of the financial data in your royalty statements. Our skilled team will review and copy key financial data into the OARA database, ensuring your statement reports are current and readily accessible to sales, legal, finance and management teams. Let us assist you if you lack the manpower to manage your royalty reporting activities.
OARA offers spreadsheet-like layouts, intuitive navigation, sophisticated data export tools and pre-defined selection fields for speedy statement uploads.
Many entertainment companies are still depending on spreadsheets to manage their reporting and statement data. OARA is built with RAGIC, a state of the art software tool which allows OARA to design a database system that is like working with spreadsheets with all the benefits like complex filtering and sorting of data.
OARA data is stored and processed on secure physical servers hosted by Google, which provides hundreds of security experts. OARA data is bank level HTTPS/SSL encrypted on the fly and then transmitted and stored in encrypted form, conforming to ISO 27001, SSAE-16, SOC 1, SOC 2, and SOC 3 certifications.
On top, OARA data is fully backed up on a daily basis to a different location on a service by a different provider.