As the open access publishing model expands at an increasing rate, new challenges naturally arise for libraries, publishers, funders and researchers. Libraries in particular have to develop, implement and manage new workflows and procedures throughout their institutions that are time consuming and resource-heavy. One of the major administrative burdens revolves around Article Processing Charges (APC's), which are paid to publishers for (Gold) Open Access papers. Swets has introduced a new APC management service in order to address this need directly.
"APC management is costing libraries and institutions more time and resources than is necessary," said David Main, CEO of Swets. "There's a direct and urgent need for this service today, and so we've worked hard to put solid processes in place at Swets to facilitate this for our customers. Our expertise in handling multiple transactions for thousands of publishers and libraries worldwide makes us an ideal partner for those organizations looking to streamline their internal processes in this area."
Swets aims to reduce the burden on libraries by managing the complex APC invoicing and payment processes on their behalf. The service provides APC management for all types of institutions:
- APC fund management options to keep track of spending
- A single point of contact to handle all publisher relationships
- A clear, concise way to handle all micro-transactions
- A means to reduce the number of invoices that need processing
- Detailed, real-time reporting on the status of all transactions
"Our APC Management service is just our first step into the Open Access arena," comments David Main. "The differing needs and requirements of the funders, authors, institutions and indeed publishers present additional opportunities for us to help. Swets is committed to working closely with all parties to establish exactly where and how we can effectively support in improving and standardizing OA related workflows."
Customers interested in Swets' APC Management service should visit our website, at www.swets.com/open-access or contact us to discuss their requirements at http://info.swets.com/OA2-join-requestform-eng.
Swets is the global market leader in managing professional information. It develops and delivers services that enable the use of knowledge to its full extent. From more than twenty offices around the world it actively serves clients and publishers in over 160 countries. The company's active role in today's complex information marketplace has been regularly awarded by E-Content Magazine in their annual "100 Companies that Matter Most in the Digital Content Industry." It is the only information agent to be ISO 9001:2008 certified on a global basis, a standard which affirms the company's stringent operation and client service procedures. For more information on Swets see our website, watch our videos or follow us on Google+, LinkedIn and Twitter.