What is settlement data collector in SAP CRM-IM-IPM - Intellectual Property Management?

SAP Term: settlement data collector

• Component: CRM-IM-IPM

• Component Name: Intellectual Property Management

• Description: Module in the settlement data collector in the Billing Engine application for outgoing royalties. Business transactions, from which license fees are to be paid for an IP right on the basis of a license acquisition contract, are saved in this module. The settlement data collector contains several values such as sales volume, number of viewers etc. for each business transaction, which are cumulated for each license acquisition contract item in the billing due list and used as basic values for license pricing.

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• Key Concepts: 
  Settlement data collector is a component of SAP CRM-IM-IPM Intellectual Property Management. It is used to collect and store data related to the settlement of intellectual property rights. This data can include information about the rights holders, the licensees, and the terms of the settlement agreement. 
  
  How to use it: 
  The settlement data collector can be used to store and manage all of the data related to a settlement agreement. This includes information about the rights holders, the licensees, and the terms of the agreement. The data can then be used to generate reports and analyze trends in settlements. 
  
  Tips & Tricks: 
  When using the settlement data collector, it is important to ensure that all of the data is accurate and up-to-date. This will help ensure that reports and analyses are accurate and reliable. Additionally, it is important to keep track of any changes that are made to the settlement agreement so that they can be reflected in the data. 
  
  Related Information: 
  The settlement data collector is part of a larger suite of tools for managing intellectual property rights. Other components include a license manager, a royalty calculator, and an audit manager. These tools can be used together to ensure that intellectual property rights are managed effectively and efficiently.