Royalty Systems | Introductory Information & Recommendations
Summary
The author or inventor makes a deal with the manufacturer or publisher to give them the rights to their intellectual property in exchange for a royalty, or percentage of future sales of a device or title. When faced with an audit the last thing a royalty manager wants to do is scramble to gather information from disparate and opaque sources, such as a collection of spreadsheets. With a dedicated royalty management system, all the data and calculations are stored, accessible and securely, in one place, so they can be easily reviewed and audited. Modern royalty management software is built to integrate with your existing business systems, from accounting platforms to ERP tools. A dedicated royalty management system reduces that stress by automating the most tedious and error-prone tasks, allowing your team to operate with confidence and clarity.
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