EarMaster Rolls Out Financial Web App BandLoot
Apr 06, 2012 (Close-Up Media via COMTEX) --
EarMaster ApS, the company behind the eponymous ear training software suite, is releasing a free financial web app for bands called BandLoot and gives the concept of Social Accounting a new meaning.
According to a survey led by EarMaster on earmaster.com, answered by over 2000 bands, 60 percent of the respondents admitted having experienced money-related conflicts in their band, 5 percent of which adding that their band actually ended up parting ways because of that. Furthermore, none of the responding bands knew of a solution that could help them get their band finances under control besides tedious spreadsheets or using an expensive accountant. Typical issues involve sharing gig money, paying back your share of a group expense, splitting bills or royalties between band members... The list could go on forever.
According to a release on April 3, EarMaster is releasing a new tool that will change the game. BandLoot is a social accounting web app that will help bands track their cash flows together, as a band, in total transparency. The core features of traditional accounting and IOU applications have been streamlined and customized to match the needs of bands of any size, and made available to musicians worldwide for free.
BandLoot is already available in English, French, Italian and Danish, and German and Spanish versions will follow on a week later. 200 bands from around the globe were picked to test BandLoot in exclusivity before its official release. Bands can now sign up freely and start managing their band money online at bandloot.com.
EarMaster ApS is a Danish software company dedicated to the development of interactive tools for computer-aided music education, with special focus on ear training.
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