Following feedback from authors and professional agents, a few changes have been made to simplify the way the Network and our Shared Risk, Shared Royalty (SRSR) publishing service operates.
First we’ve automated both the Author and Agent Agreements, using the latest Adobe technology. This means that, instead of having to print, sign, scan, and send Agreements in separate steps, the whole thing can now be done at the same time. Security is also improved, as the Agreements are signed digitally and encrypted before being sent. Not only will the process be easier, but it will be considerably faster, too. The necessary Adobe Reader software is provided free of charge, and full details on how to use it are included in both the Author and Agent sections of the website.
We’ve also taken some of the options out of the decision-making process to make it simpler. Instead of needing to bid to work on each submission, default royalty shares and performance targets are provided on the standard Agreements. This doesn’t mean the choices have been removed. The same flexibility as before remains to negotiate on a case-by-case basis, but, as most projects will be the same, we’re entering the defaults and only dealing only with exceptions if and when they arise.
Behind the scenes, the accounting processes have been updated to provide faster and easier royalty calculations and payments to a higher number of authors and agents. This benefit may never be noticed by anyone other than me, but, without the improvements, the system would have strained further down the line.
You may also have noticed some changes to the website! The redesign is not quite finished, but it’s getting close and will soon result in better integration between the Acclaimed Books, Book Awards, and Author Services Network sites.
There has been a steady flow of submissions, and we are fortunate to have a growing number of professional Agents working with our SRSR publishing model. This pioneering initiative is off to a great start!
Still to come are improvements to the monthly reports and further automation, this time in the book promotion processes.
I hope you’ll agree that the past three months have seen pretty good progress!