He’s sitting behind a drum kit at his home studio in Los Angeles, and he’s just been asked whether he ever aspired to be a teacher. We have the bandwidth.“Fuck no,” Kenny Beats says with a chuckle. “Now, we’re able to take on anything that comes our way.
And the finance team is relieved to free up their workload and distribute responsibilities more evenly.
Across the organization, supplier and artist relationships have improved. Our payments process is no longer a huge burden on finance anymore.”įor Splice, their creators can join their growing music community more seamlessly to work on what they really love. “In terms of scaling, we’re definitely set up for success. With the right systems in place, they’re confident that they can take on more global payments. Now, Splice is looking forward to the future and scaling internationally in 2021. Plus, Splice was able to implement real-time syncing with NetSuite-ensuring completed approvals within minutes. With Tipalti, Splice’s monthly close time improved significantly, and AP aging reports dropped from three weeks to one day. “I literally just upload the payments into Tipalti, and it just pays it from there. Tipalti scans the document, ensuring everything is correct, and then it’s ready for approval-everything happens in one centralized system. Today, Yaqoobi simply sends his invoices to the Tipalti inbox. AP invoice processing is also automated, which eliminates another 36 days a year of workload.” “What once took us eight weeks a year to process is now down to less than an hour. I knew that we needed a new automated platform.”Īfter meeting with three different automation solutions, the Splice team chose Tipalti because of its partner payment capabilities, touchless invoice processing, and streamlined integration with ERP, NetSuite. That’s all I would be doing at the end of a quarter close. “For the 900+ royalty payments alone, it would take me two weeks. At the end of a given quarter, Yaqoobi and his team were processing hundreds of payments manually-through Paypal, ACH, or a required foreign currency. Nas Yaqoobi, Accountant at Splice, and his team previously managed three different types of operational payments-label payments that were made monthly and took three days to process, traditional vendor and contractor invoices, and artist payments that happened quarterly. But for the finance team, supporting the organization meant creating a clear path forward to help the company grow and expand. Splice fosters a creative community that is always eyeing innovation. Creators can share original music and gain exposure to their work. Musicians use Splice to find that groove or melody to inspire their own tracks.
Now a reality, the New York-based platform offers access to millions of the best royalty-free samples, loops, and presets. Splice is the music creation playground that producers used to dream about.
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