What is 'cross-item recoupment of advances' in SAP CRM-IM-IPM - Intellectual Property Management?

cross-item recoupment of advances - Overview

• Component: CRM-IM-IPM

• Component Name: Intellectual Property Management

• Description: A clearing model in which several items with usage-dependent license fees can be recouped against an advance. In Accounting, the advance is first distributed between the Intellectual Properties IPs for all items involved. Once the success-dependent license fees for some of these individual IPs become available, the advance is reposted to the IPs during recoupment.

cross-item recoupment of advances - Details

• 
  Key Concepts: 
  Cross-item recoupment of advances is a feature of SAP's Intellectual Property Management (IPM) component of its Customer Relationship Management (CRM) suite. It allows companies to recoup advances made to third parties for intellectual property rights, such as royalties, licensing fees, and other payments. This feature helps companies manage their intellectual property rights more efficiently and accurately.
  
  How to use it: 
  To use the cross-item recoupment of advances feature, companies must first set up the necessary accounts in their SAP system. This includes setting up a separate account for each type of advance payment, such as royalties, licensing fees, etc. Once the accounts are set up, companies can then enter the details of each advance payment into the system. The system will then automatically calculate the amount of money that needs to be recouped from each advance payment.
  
  Tips & Tricks: 
  When setting up the accounts for cross-item recoupment of advances, it is important to ensure that all relevant information is entered accurately. This includes the amount of money advanced, the date of the advance payment, and any other relevant details. Additionally, it is important to regularly review and update the accounts to ensure that all payments are being tracked accurately.
  
  Related Information: 
  For more information on SAP's Intellectual Property Management component and its features, please visit SAP's website at https://www.sap.com/products/crm-ipm.html. Additionally, there are many online resources