The Competitive and dynamic business world has begun to appreciate the fact that intellectual property royalties management is the biggest part of a business’s activities in ensuring that all holders of Intellectual property get compensated. IMA360, a royalties management software, accurately suits the vendors as a single royalty tool for a more transparent, faster, and smarter task accomplishment and revenue amplification of any size of companies. In this post, we will be airing the main capabilities of IMA360's Royalty Management Software. We will shine the spotlight on the fact that our organizational tools can benefit your home office.
Robust Contract Management
Contract Management within the Royalty Management Software of IMA360 securely keeps all the necessary information to authorize the music use. It ranges from selling the music to business entities, bands, digital content producers, and other users who have agreed to pay royalties to artists. All the duties such as contract parameters inputting, contracts renewals and amendments management, and inline tracking can be done on a single platform that is able to be accessed via the internet. This is based on factual truth and repeatability which are correct from the beginning thereby making any mistake, falsehood, or discrepancies impossible.
Flexible Royalty Calculation Engine
The cpq software utilizes the royalty calculation engine, which works out the combinations and royalty payouts even for the most challenging royalty arrangements. For example, we can take into consideration sales income from your product, temporary or permanent amount of units sold, or different metrics used as bases of special royalties arrangements with our software module for sure to handle all the issues easily. Of course, royalty rules of many different rate limits can be adjusted, and automatically will tier pricing be set up and accounting reports as far as accuracy are available.
Automated Reporting and Analytics
Similarly, IMA360's Royalty Management Software provides you with a steady crash course on royalty streams and their development to find what works best exclusively for you in the future. The interested parties will be able to conveniently log in the platform and come up with methods for creating their own personalized report, chart, dashboard or graphics to monitor the royalties, the sales data and the performance of the licensees. Scientific practice provides the basis for correct decisions and decent choices, which can give the way to bigger income.
Rights and Clearances Handling
The software owns the feature of the robust permission and rights management which lets you track the usage and the restrictions for licensed content. Users have put rights attributes into action, set up license management, and determined the rules of usage that need to be observed in order to uphold the agreements. As such, royalties ensure that the inventor's intellectual property is not infringed nor misused without prior consent.
Integration Capabilities
IMA360's Royalties Automation Systems integrates naturally with existing business infrastructure such as; ERP Systems, digital music distribution platforms, and accounting applications. It is this integration which simplifies data transmission among other auto workflow processes such as royalty calculation, invoicing and financial reconciliation.
Scalability and Customization
The software contains scalable and adaptable features that fit the specific conditions and demand of each company. If you deal with royalties for a startup and a giant corporation, the IMA360 software is capable of scaling up in harmony with hashes and the complexity of the business. Moreover, the software design exhibits a high degree of flexibility in terms of tailoring to the specific requirements of a dynamic business or in accordance with industry regulations.
User-Friendly Interface
IMA360's Royalty Management Solution is supplied with an efficient and flexible user interface preparing it to be employed by both those with prior expertise and those who do not. Normal users will be able to travel within an application smoothly without much learning, do things quickly and easily as well as get the required data without extra effort. In addition to this, users ease up into applying the software and become more productive without necessarily worrying about the time it takes for them to understand the operations since they already have previous experience.
