As the open access publishing model expands, new challenges arise for libraries, publishers, funders, and researchers. Libraries in particular are creating new workflows and procedures across their institutions. 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.
Swets aims to reduce the burden on the library by managing the complex APC invoicing and payment processes. It provides APC fund management options to keep track of spending, a single point of contact to handle all publisher relationships, a concise way to handle all micro-transactions, a means to reduce the number of invoices that need processing, and detailed, real-time reporting on the status of all transactions