Royalty reconciliation involves comparing reported sales, calculated royalties, licensing terms and supporting records to identify inconsistencies.
eInsights brings related royalty information and review workflows together.
Open Royalties.
Select the relevant reporting period or royalty statement.
Confirm the associated licensor and licensing agreement.
Review reported sales and royalty calculations.
Examine any relevant minimum guarantee or recoupment information.
Use available reconciliation and review features to investigate discrepancies.
Correct supported data issues or provide clarification where required.
Advance the statement through the applicable submission or approval workflow.
Where access is available:
Open the applicable royalty statement.
Review the reporting period and submitted figures.
Compare the reported information with the applicable agreement.
Examine available supporting details.
Identify discrepancies or questions.
Use the available approval, dispute or clarification workflow.
Monitor the statement's subsequent status.
AI-assisted reconciliation can help analyze available royalty information and highlight inconsistencies that may warrant further review.
Examples include discrepancies involving reported sales, product associations, royalty terms or statement information.
AI-generated findings should be checked against the underlying records and agreements before commercial decisions are made.
Submitted: A statement has entered the applicable review process.
Under Review: The statement is being examined.
Disputed: An issue or disagreement requires attention.
Approved: The statement has completed the applicable approval process.
Payment Processing: A related payment is progressing through its payment workflow.
Paid: The payment has reached the applicable completed status.
Approval of a royalty statement and completion of its payment are separate events.
