What is royalties statement in SAP (CRM-IM-IPM - Intellectual Property Management)?

SAP Term: royalties statement

• Component: CRM-IM-IPM

• Component Name: Intellectual Property Management

• Description: The report summarizing the conditions and revenue of a licensing agreement.

Smart SAP Assistant

• Key Concepts: 
  A royalties statement is a document generated by SAP's Intellectual Property Management (IPM) component of the Customer Relationship Management (CRM) module. It is used to track and manage the payment of royalties to intellectual property owners. The statement includes details such as the amount of royalties due, the date of payment, and the name of the intellectual property owner.
  
  How to use it: 
  The royalties statement can be generated in SAP by navigating to the CRM-IM-IPM module and selecting the “Royalties Statement” option. This will open a window where you can enter the details of the intellectual property owner, such as their name and address. Once all of the information has been entered, you can generate the statement and view it in a PDF format.
  
  Tips & Tricks: 
  When generating a royalties statement, it is important to double-check all of the information entered to ensure accuracy. Additionally, it is important to keep track of all payments made so that you can easily reference them in case of any discrepancies.
  
  Related Information: 
  For more information on SAP's Intellectual Property Management component, please refer to SAP's official documentation here: https://help.sap.com/viewer/product/CRM_IPM/7.0/en-US