What is minimum guarantee in SAP CRM-IM-IPM - Intellectual Property Management?

SAP Term: minimum guarantee

• Component: CRM-IM-IPM

• Component Name: Intellectual Property Management

• Description: IPM: A minimum sum minimum guarantee is agreed in the contract. This figure represents the minimum license revenues to be achieved as a result of this contractual relationship. Once the agreed validity period is over, payments made are compared with the minimum sum in the final invoice. If these payments are less than the minimum sum, the shortfall between these amounts is requested. The minimum sum can also become due in advance advance payment.

Smart SAP Assistant

• Key Concepts: 
  Minimum guarantee is a feature of SAP CRM-IM-IPM Intellectual Property Management that allows customers to set a minimum amount of revenue they are guaranteed to receive from their intellectual property. This feature helps customers protect their investments in intellectual property and ensure that they receive a return on their investment. 
  
  How to use it: 
  To use the minimum guarantee feature, customers must first set the minimum amount of revenue they are guaranteed to receive from their intellectual property. This can be done by entering the desired amount into the “Minimum Guarantee” field in the SAP CRM-IM-IPM Intellectual Property Management system. Once this is done, the system will automatically calculate and track the revenue generated from the customer’s intellectual property and ensure that they receive at least the minimum amount of revenue they have set. 
  
  Tips & Tricks: 
  When setting a minimum guarantee, it is important to consider the potential risks associated with setting a minimum amount that is too low. If the customer sets a minimum guarantee that is too low, they may not be able to recoup their investment in intellectual property if the revenue generated from it is lower than expected. It is also important to consider the potential benefits of setting a higher minimum guarantee, as this can help customers maximize their return on investment in intellectual property. 
  
  Related Information: 
  For more information about SAP CRM-IM-IPM Intellectual Property Management and its features, please visit SAP’s website at https://www.sap.com/products/crm-im-ipm.html.