Managing Royalties can get complex - especially as the number of your licensing contracts grow. Tracking recoupments, past due payments, and making sure all royalties are accurate can be extremely cumbersome. Contracts not only have different rates for product categories - but also for territories, sales channels, and retailers.
The most straightforward contracts can quickly become more complicated with rate escalations and changing terms. Our royalty tracking software allows you to accurately manage your financial commitments across tens – or hundreds – of contracts.
One of the biggest surprises in licensing is finding out what you didn’t know. Are royalties reported accurately? Are products sold in compliance with contract terms? Stop losing hours to manual cross referencing – turn to DSI’s transformative royalty management software to streamline your royalty processing. With DSI’s royalty management software, all sales reported will be validated against their contract – non-complying sales are flagged. Rest assured royalties are accurately calculated – and sales & royalty reports are compliant.
With DSI, you will be assured sales reporting is consistent and the information you want is being captured using customizable reporting templates. With consistent data reported from all partners, you will have the data you need to make the best decisions for your licensing program.
Dependable Solutions royalty processing software automatically validates sales against the terms of your royalty contracts. You will know if a royalty is incorrectly calculated and by how much, if the sale was made in the correct territory, sales channel or retailer, and if the SKU was approved for sale. This validation ensures all partners are complying with their agreements.
Dependable Solutions provides you with comprehensive reporting capabilities, enabling you to analyze sales, royalties, and overall contract performance. See how sales are trending by retailer, IP, category, SKU, and more. Pinpoint strengths and weaknesses, know which categories are trending, and discover new opportunities within your licensing program.
With DSI’s forecasting, data can be as detailed or as broad as you need. The forecast can be based on a variety of scenarios and adjusted to provide best and worst case scenarios! Easily create multiple forecasts using actuals – helping you track performance and make smarter business decisions.
If you are a Brand Owner or Agent, quickly create customized royalty report templates for licensees. Capture clear and consistent information that otherwise may not be included in a standard royalty template. Sales and royalty calculations can be exported directly to a required template, reducing the hours of manual work needed.
Licensees can eliminate hours of manual work in creating royalty reports for brands. Instantly load your royalty data into the brand royalty template and email them off to your contact, its that simple.
Royalty reports received by brand owners are validated with DSI’s royalty management and tracking module – which will promptly flag if royalties are not in compliance with contract terms. Confirm that all SKUs are approved, sold in the correct territory, channel and retailer, and be alerted if products are sold prior to their approved dates.
Licensees can download sales into the DRM royalty processing module. Your royalties are calculated against the rates of your contracts, no more mixing up rates with the wrong IP, product category, territory or agreement. All sales are validated – you can be sure your royalties reported are accurate and compliant. Worry and pay less during audits!
Licensors have the visibility of guarantee recoupment and royalties earned when royalties are processed. Get instant access to contract performance – see which products are selling well and which are not. Compare how retailers and territories are performing. As a licensee, you always know your financial commitments and where you stand with each of your partners at a glance. Identify trends quickly and forecast more accurately using DRM.
Licensors always want to know how net sales were derived. With our royalty management module, licensees can choose when and how much of their contract discounts and allowances are applied to quickly calculate net sales.
History kept in our software provides instant access to how net sales were derived, eliminating hours of frustration and possible penalties during audits.
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