What is Author Relationship Management in SAP CRM-IM-IPM - Intellectual Property Management?

SAP Term: Author Relationship Management

• Component: CRM-IM-IPM

• Component Name: Intellectual Property Management

• Description: You use this business scenario to manage business relationships between book and special interest publishers and their authors and further licensors. In particular, you can use it to map purchases of content-related rights for in-house and third party exploitation, as well as royalty settlement for licensors.

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• Key Concepts: 
  Author Relationship Management (ARM) is a component of SAP's CRM-IM-IPM Intellectual Property Management suite. It is a tool that helps organizations manage their relationships with authors, publishers, and other stakeholders in the publishing industry. ARM enables organizations to track and manage contracts, royalties, and other financial transactions related to authors and their works. 
  
  How to use it: 
  ARM can be used to manage author contracts, track royalties, and manage payments. It also provides tools for tracking the progress of manuscripts and other works in progress. Additionally, ARM can be used to generate reports on authors' activities and performance. 
  
  Tips & Tricks: 
  When using ARM, it is important to keep track of all contracts and payments associated with authors. Additionally, it is important to ensure that all payments are made on time and that all contracts are up-to-date. 
  
  Related Information: 
  ARM is part of SAP's CRM-IM-IPM Intellectual Property Management suite. Other components of this suite include Digital Rights Management (DRM), Content Management (CM), and Rights Management (RM). Additionally, ARM can be integrated with other SAP products such as SAP ERP and SAP Business Suite.