Global Clearing House
“Vistex Solutions for SAP, … implemented a Global Clearing House (GCH) for UMG that addresses all aspects of digital sales reporting, including: ingestion, validation, enrichment and transformation of sales data, allocations, reversals, revenue posting, and aggregation at month-end close. The GCH also supports the management of intercompany participation data based on rights & repertoire metadata for UMG's broad catalog, as well as the intercompany royalty settlement for all of UMG global revenue streams, from physical and digital sales to neighboring rights and license income. UMG additionally manages its European Central License agreement for mechanical copyrights on the GCH platform provided by Vistex.”