We are pleased to announce that Cengage will be migrating to a new royalty system this summer. The new royalty statements will include a detailed overview to familiarize you with the new layout and will be structured in a format that is easier to read.
Here are a few key pieces of information:
As we sunset our old system, you will begin receiving your last statements generated from the old system, which will capture all sales activity through June 30, 2019.
We will begin to distribute statements from our new system per the payment terms in your contract, capturing all sales activity starting July 1, 2019.
If your statement periods fall on both sides of the “cutover” date of June 30, 2019, you will receive a statement from both systems.
If you are on an annual payment cycle, you’ll receive an early statement and payment to close out the existing system in October. This statement will encompass all activity through June 30, 2019. You will also receive a second statement and payment to capture activity from July 1 – December 31, 2019 per your payment terms.