IIG’s Acuboost “Royalty Processing” powered by Acumatica allows for the ability to track royalties owed to the vendor for each item.
Companies can calculate, report and generate payments for royalties payable to vendors. Methods for managing royalties is flexible and can vary with the structure of the agreement. Examples include; royalty amounts calculated based on price, gross profit percentage, discounts offered, and units sold. Quantity breaks can also be factored in the calculation. Generation of royalties due is automatic, can be modified and is based on eligible sales order transactions generated in Acumatica. The reporting functionality provides visibility and insight into operations and financial performance including analysis by item and by vendor.
Management of Royalties with IIG’s enhancement streamlines processes and increases certainty that financial performance is optimized.