Pixsy reduces payouts workload 90% by automating royalty payouts
Pixsy is a legal-tech service that monitors over 50 million images each day online to help photographers and agencies get paid for the use of their work. With clients all over Europe, the US, the UK, Canada, Asia, Australia and more, their payment needs are complex and requires support for multiple currencies, royalty calculations, tax reporting and more.
The challenge
Finally, at the end of the year, they must prepare a 1099-MISC form for payees with a W-9, and a 1042-S for all payees with a W-8, and deliver it to them electronically or by physical mail (the payee must be given the choice), at no cost to the payee. Although none of this adds value to Pixsy’s core offering, it must be done, as the IRS applies hefty fines for non-compliance. Kain Jones, CEO of Pixsy, knew that they needed a solution that helped them cut down on any manual administration work required to meet the IRS standards, as well as met their needs for payouts automation.
"With thousands of payees worldwide, staying compliant with the IRS’s 1099 and 1042 regulations was time-consuming.
Trolley makes this and sending payouts easy, and allows us to spend more time on our core business."
The solution
“After intensively evaluating 3 other solutions on the market it was clear Trolley offered the superior solution for our needs. Easy to use for internal users and clients as well as fully compliant with our IRS requirements. Sending payments worldwide couldn’t be easier.”
The results
“Trolley’s product & engineering team has been attentive to feature requests, and is actively improving their product to make our daily use even easier – it feels great when something you suggested is added to the product 2-4 weeks later.”
