Streamline Your Label Finances
In the fast-paced music industry, balancing creative passion with administrative duties like royalty accounting can often feel like a massive headache. Here at Cygnus Music, we believe independent labels and artists should spend their time focusing on the music, not wrestling with complex spreadsheets. That is why we developed our expert, custom-built Accounting Suite.
Tailored specifically to the needs of modern music businesses, this powerful platform is designed to streamline your finances entirely in-house. Best of all, while some distributors charge premium fees for financial management tools, our complete 360 accounting ecosystem is 100% free to all Cygnus Music clients.
Our intuitive ecosystem completely redefines how you interact with your financial data. Through our Monthly Detailed Reporting tools, you can seamlessly filter sales, create bespoke reports, and dive deep into your global streaming and download analytics. Instead of getting bogged down by raw numbers, the platform allows you to visualise your revenue through elegant summary pages.
Managing intricate revenue splits across a diverse roster is also completely stress-free. The suite allows you to set precise Royalty Splits across specific artists and releases, and you can seamlessly use the ‘Add Contributors’ feature to assign shares to external producers, remixers, or collaborators. Additionally, tracking label expenses is effortless with our integrated Costs & Credits Module. You can assign and recoup outgoings directly against specific artists or products, ensuring your investments are fully recovered before any final balances are distributed.
When it comes to execution, the platform gives you the power to customise full accounting runs and generate professional artist statements across any custom date range. Once statements are ready, you can distribute payments to an unlimited artist roster using our Direct to Artist Payments feature. Payouts are fast and flexible, delivered securely within three working days via Bacs, PayPal, or even Bitcoin, while automated notifications keep your talent informed every step of the way.
With Cygnus Music, keeping your financial workflow streamlined and your artists happy has never been easier.
