RoyaltyZone to the Rescue
RoyaltyZone is fast and easy to use. Simply import your sales data and let RoyaltyZone do the rest. Net Sales and Royalties owed are automatically and accurately calculated for you. The proper Royalty Rate is always used, and Advance and Guarantee balances are tracked. Important dates and License Agreement terms are at your finger tips - always available and accessible from anywhere.
RoyaltyZone automates license agreement compliance processes so that licensees can realize the full potential of their intellectual property licensing programs.
Intellectual property licensees often lack the necessary staff, processes, tools, and systems to efficiently monitor and manage license agreement compliance, resulting in costly errors and unintentional underreporting and underpayment of royalties. Studies show that 81% of Licensees misreport royalties to their licensors - unintentionally, in most cases. Why risk audit penalties, late fees, and agreement termination when you can streamline royalty reporting processes?
RoyaltyZone provides a web-based platform for licensees to:
- Monitor and manage license agreement compliance
- Optimize licensing revenue
- Eliminate time wasting manual tasks and costly errors
- Improve royalty reporting accuracy and timeliness
- Analyze sales and royalty trends
- Avoid late fees, audit penalties, and agreement termination
How does RoyaltyZone work?
Licensees use RoyaltyZone to manage license agreement terms, payment schedules, and compliance tasks. Licensees access a web-based system to upload licensed product and sales transaction data, calculate royalties owed, submit royalty reports, view invoices and track payment status. Automating these processes can prevent costly errors and eliminate unintentional misreporting and underpayment of royalties.
Replace spreadsheets, paper, and manual processes as the mechanism for calculating royalties, creating royalty reports, tracking payments, and measuring program performance:
- View agreement terms, schedules, balances, and tasks
- Email reminders for due dates
- Manage licensed products
- Automate royalty calculation and reporting
- Identify excessive or disallowed deductions
- View, track, and pay invoices
- Data import/export/integration to accounting or other licensing software
One Place For All Your Royalty Reporting
You can use RoyaltyZone to report and pay Royalties to all of your Licensors, within a single interface. Get a snapshot view of your Licensing revenue and expenses, across all of your Licensors. RoyaltyZone makes compliance with License Agreement terms easier than ever before.
