No More Tiny Paper Checks!
It is time to modernize residuals distribution. Exactuals is leading the charge in partnership with unions, studios, and payroll companies to eliminate expensive and wasteful paper check processes in favor of paperless data solutions with Direct Deposit.
Studios use Exactuals to process all complex payments types including Residuals and Participations.
Exactuals takes care of:
W2 and 1099 reissues
Unions use Exactuals for faster data ingestion and payment processing. Historically, unions have received millions of checks from studios and payroll providers. With Exactuals, unions receive a clean and standardized data feed that allows processors to quickly review and validate payments.
Exactuals takes care of:
- Data standardization and ingestion
Direct Deposit and Paper Check payments
All payment related customer service
Talent receives all the benefits Exactuals provides for free. An online portal is available to provide real time information to payees. This data is the same data available to studios and unions, allowing for quick customer service resolution.
Business Managers have their own access to talent data for the first time in history. Once a Payee approves delegated access for their manager, the manager can review and ingest the data needed to get his job done quickly and effectively. Delegated access is available to all members of a Payee’s team, with union approval required.
Key industry specific featUres:
Exactuals is capable of extracting the data necessary for processing payments from any existing system. That data is then standardized, enriched, and fed directly into the union systems to be verified. This automated flow can shave weeks off of today’s processing time.
Exactuals’ automated workflow makes Direct Deposit possible for the first time in this industry. Talent will securely register their account data in one location for the entire industry and will receive Direct Deposit payments when requested.
Talent will find all of their tax documents centrally located online. This function alleviates the need for studios to directly manage the reissue and replacement cycles necessary in yesterday’s system.
Talent will receive aggregated payments from Exactuals that will include 100% of their payments for a specific pay period. This process will eliminate the need for tiny checks and the supporting paperwork and postage required in yesterday’s system.
Exactuals works endlessly with its partners in the banking and security space to ensure delivery of the most secure and reliable platform possible.
Exactuals delivers end-to-end payment transparency. This innovation allows unions to understand which members are not receiving their payments, while allowing studios to get out of the costly escheatment business.
FOR THE STUDIOS
- Major cost savings
- Simplified union workflows
- Zero escheatment
- Centralized identity management
- Online tax documents
For the Unions
- Faster payments
- Full transparency
- Improved trust management
- Prepared for massive growth
For the Talent
- Direct Deposit
- Centralized tax documents
- Safer, faster payments
- Industry-wide payment profile