33% of Licensees Underpaid by at least 50%
83% of Licensee Audits were prompted by inadequate Royalty Reporting
RoyaltyZone automates license agreement compliance processes so that licensors can realize the full potential of their intellectual property licensing programs.
Intellectual property Licensors and 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.
RoyaltyZone provides a web-based platform for Licensors to:
- Monitor and manage licensee compliance
- Optimize licensing revenue
- Eliminate time wasting manual tasks and costly errors
- Improve royalty reporting accuracy and timeliness
- Analyze sales and royalty trends
- Protect and maximize the value of their IP
Want to see how your licensing program stacks up? Take the free 20 question licensing compliance assessment survey now.
How does RoyaltyZone work?
Licensors use RoyaltyZone to share and manage license agreement terms, payment schedules, and compliance tasks with their licensees.
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 collecting royalty reports, tracking licensee compliance and payments, and measuring program performance:
- Central repository for license agreement terms, balances, and historical data
- Licensed property and category management
- Agreement administration and royalty accounting
- Online automated royalty calculation and reporting
- Identify excessive or disallowed deductions
- Automated invoicing and payment tracking
- Automated email reminders for schedules and tasks
- Licensed product management
- Data import/export/integration to accounting or other licensing software
- Track fees, advances, and guarantee payments, schedules, and balances
- Royalty distribution reporting
In addition, your licensees receive a free online tool to guide them through agreement compliance processes:
- View agreement terms, schedules, balances, and tasks
- Email reminders for due dates
- Manage licensed products
- Automate Royalty Calculation and Reporting
- View, track, and pay invoices
- Data upload and mapping
- Integration to accounting software
Why is Accurate Royalty Reporting so Difficult?
Licensors typically employ manual processes to collect Royalty Reports and payments. There is no central repository to share License Agreement terms, leading to poor communication both internally and with Licensees. The terms of the License Agreement are thus exposed to misinterpretation.
Royalty Reports arrive by mail, email, and fax with no standard reporting method or format. Licensees often have inadequate systems in place which can result in Unreported Sales, Disallowed Deductions, Misapplied Royalty Rates, and Math Errors. Also, manual aggregation of the report data is time consuming and error prone.
How does RoyaltyZone Solve the Problem?
RoyaltyZone makes enforcing the terms of your License Agreements easier than ever before.
RoyaltyZone is easy to set up, and easy to use. It takes less time and effort to collect and review royalty reports. Effective communication puts everyone on the same page like never before. License Agreement terms are shared and enforced. Net Sales and Royalties Owed are accurately and automatically calculated. RoyaltyZone is always available and accessible from anywhere.
Get paid what you deserve. On time.
How Do I Purchase RoyaltyZone?
RoyaltyZone is web based Software as a Service (SaaS), so there is no hardware or software to install. The service can be used immediately by anyone with an internet connection and a web browser. Our innovative pricing model offers licensors a variety of affordable subscription plans based on the number of License Agreements published in RoyaltyZone. Sign Up for a FREE trial today.
Who uses RoyaltyZone?
Any company or individual who owns or holds the rights to a Licensed Property, Copyright, Patent, Brand Name, or Mark, and who grants Licensees the rights to develop, manufacture, market and sell Licensed Products or Articles via a License Agreement can benefit from RoyaltyZone.
Typical License Agreements managed in RoyaltyZone include:
- Technology License Agreements
- Patent License Agreements
- Brand License Agreements
- Trademark License Agreements
- Art License Agreements
- Franchise License Agreements
