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

SAP Term: ultimates

• Component: CRM-IM-IPM

• Component Name: Intellectual Property Management

• Description: Accounting term for a media company. This is an evaluation of costs and revenues that is projected and cumulated across the entire lifecycleof a "title". A lifecycle of 10 years is suggested in the entertainment sector, whilst 5 years is suggested by book publishers. Planning ultimates forms the basis for writing off a title.

Smart SAP Assistant

• Key Concepts: 
  Ultimates are a type of Intellectual Property Management (IPM) component in SAP CRM. They are used to store and manage intellectual property rights, such as copyrights, trademarks, and patents. Ultimates are also used to track the ownership of intellectual property and to ensure that the rights are properly protected. 
  
  How to use it: 
  In order to use ultimates, users must first create an ultimate in the SAP CRM system. This can be done by selecting the “Create Ultimate” option from the menu. Once an ultimate is created, users can then add information about the intellectual property rights associated with it. This includes details such as the owner of the rights, the type of rights, and any restrictions or limitations associated with them. 
  
  Tips & Tricks: 
  When creating an ultimate, it is important to ensure that all of the necessary information is included. This includes details such as the owner of the rights, the type of rights, and any restrictions or limitations associated with them. Additionally, users should also make sure that they keep track of any changes made to an ultimate over time. 
  
  Related Information: 
  For more information on ultimates and Intellectual Property Management in SAP CRM, please refer to the official SAP documentation. Additionally, there are a number of online resources available that provide additional information on this topic.