Royalty Compliance Management
- Royalty Reporting
- Analyze and check Reported Royalties
- Track and follow-up royalty reporting and royalty payments.
- Perform Royalty Audits
Adminius offers a web portal to enable licensees to report royalties in an easy way. These reported royalties are invoiced to and paid by the licensee. Adminius trusts, but verifies. Statistics show that nearly 90% of licensees underreport and underpay, either by intent, mistake, or inattentiveness. Adminius analyzes and checks the reported sales volumes or shipped products and follows-up with the licensee. Additionally, outstanding royalty reports and accounts receivables are timely dunned and periodic royalty audits are performed.