The logo speaks re: royalty discrepancies
I presume y'all saw this:
-----
Infocenter
Administrator
9/09/2004
12:10:44
Message:
Laura, Chris is right. It was someone else who spoiled your thread.
All: here are the facts.
In the last week of August, some 6,000 royalty statements and checks were mailed out. On a dozen of those, an error was made that pertained to books sold in the last few days of July. The error was made not by us, but by Verisign, the company that processes credit card charges for all major online vendors, including PublishAmerica. They did not authorize payment until Monday August 2. July 31 being our cutoff date for royalty payments, our own system, understandably, did not recognize those Verisign payments as July payments.
Because a few authors alerted us to the occurence, we became aware of it, and we have started, immediately, to issue additional royalty checks to those involved.
No sinister plot behind it, no dark agenda, no grand conspiracy. Just an honest mistake made by others than PA. Once we identify it, we remedy it promptly.
Each March and September we receive up to 200 royalty questions, which explains why a response sometimes takes a few days. That's 200 out of 6,000, a whopping 3 percent. We are human, sometimes we screw up: of those 200 questions, typically less than 30 result in payment corrections, or one-half of a percent. In all other cases, we have it right, and the explanation always turns out to be pretty simple.
Usually the misunderstanding is caused by one of two factors. Either the author mistakenly believed that all retail sales are immediately paid to us (a misconception -- vendors routinely have up to 90 days to pay for the books they have actually sold, therefore a book sold as early as late April may very well not yet show up on your August statement), or the author was told by others that they had purchased their book while in reality they were afraid to admit that they had not.
Those who are unwilling to give anyone except themselves the benefit of the doubt will never be convinced by anyone about anything. But the truth is that Royalty Month is considered sacred at PublishAmerica. Never in the past five years have we missed our payment deadline for anyone, ever. And never have we failed to pay our authors their full due, including those rare occasions when we had to correct ourselves.
Please stop and think about it for just a second: we have about three weeks to assess and establish everyone's royalties, and one week to print statements and checks, stuff envelopes, and mail all 6000. Three weeks, that is 2000 per week, or 400 per day, or 50 per hour, or about one minute per author. It is mostly automated, but some human intervention is necessary, if only for quality control. Our net error rate is one-half percent, or 0,005 out of 100.
Granted, it's not perfect. But it's definitely not bad. Not bad at all.
------
I'm reminded of the tap dance scene in Chicago.