What is royalties calculation in SAP CRM-IM-IPM - Intellectual Property Management?

SAP Term: royalties calculation

• Component: CRM-IM-IPM

• Component Name: Intellectual Property Management

• Description: The amount to be paid for licensing based on the pricing procedure, revenue recognition start, and other factors.

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• Key Concepts: 
  Royalties calculation is a process used to calculate the amount of money owed to a licensor for the use of their intellectual property. It is a component of SAP's CRM-IM-IPM Intellectual Property Management module. This module helps organizations manage their intellectual property rights and obligations, including calculating royalties. 
  
  How to use it: 
  The royalties calculation process in SAP's CRM-IM-IPM module is used to calculate the amount of money owed to a licensor for the use of their intellectual property. The process involves entering the details of the license agreement, such as the royalty rate, into the system. The system then calculates the amount of money owed based on the details entered. 
  
  Tips & Tricks: 
  When entering the details of a license agreement into SAP's CRM-IM-IPM module, it is important to ensure that all relevant information is included. This will ensure that the royalties calculation process is accurate and that the correct amount of money is paid to the licensor. 
  
  Related Information: 
  SAP's CRM-IM-IPM module also includes features such as contract management, royalty tracking, and reporting. These features can be used in conjunction with the royalties calculation process to help organizations manage their intellectual property rights and obligations more effectively.