What is rights usage tracking in SAP (CRM-IM-IPM - Intellectual Property Management)?

SAP Term: rights usage tracking

• Component: CRM-IM-IPM

• Component Name: Intellectual Property Management

• Description: This IPM business process can be used to track the usage of license rights. The system can update various types of usage, such as broadcast in an internal program schedule, license transfer to a sub-licensee and product sales. Rights usage can trigger settlement of license payments and follow-on royalties.

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• Key Concepts: 
  Rights Usage Tracking is a component of SAP CRM-IM-IPM Intellectual Property Management. It is used to track the usage of intellectual property rights, such as copyrights, trademarks, and patents. It allows users to monitor and control the usage of their intellectual property rights in order to protect their investments. 
  
  How to use it: 
  Rights Usage Tracking can be used to track the usage of intellectual property rights across multiple channels, such as websites, mobile applications, and other digital media. It can also be used to monitor the usage of intellectual property rights in different countries and regions. The system can be configured to alert users when their intellectual property rights are being used without permission or in violation of applicable laws. 
  
  Tips & Tricks: 
  When using Rights Usage Tracking, it is important to ensure that all relevant information is accurately recorded. This includes the type of intellectual property right being tracked, the date and time of usage, and any other relevant details. Additionally, it is important to regularly review the usage data in order to ensure that all intellectual property rights are being properly monitored and protected. 
  
  Related Information: 
  Rights Usage Tracking is part of SAP's suite of Intellectual Property Management solutions. Other components include Rights Management, Rights Valuation, and Rights Enforcement. These solutions can be used together to provide a comprehensive solution for managing and protecting intellectual property rights.