Rights & Permission module in IP1 system is a fully integrated set of programs, designed to effectively manage contracts by securing and recording the primary rights, subsidiary rights and permissions that have been requested by external parties within the system. It identifies the works and items associated with the contract along with the contractual details and the rights owner/payee for the payment of royalties and other income.
Payment contracts are drawn up with an Author and/or Agent to determine the conditions for paying Royalties. A payment contract is also known as a royalty contract within IP1 system.
Collection contract identifies works which the customer authorizes the third party for a specific usage (rights type), language, territories and exclusiveness. These works must be approved by the authors and linked to the authors’ payment contract which specify rights type, language, territories that the customer can exploit to other 3rd parties, and the associated pay through percentages. [Read more...]
| Maintenance
From Royalty maintenance you can setup/maintain works database and define movement types that specify which transactions are to be used in the calculation of royalties. Royalty Account formulas and account sets for GL posting must be setup through maintenance before contracts are created. Standard contract templates can be setup as required with pre-defined parameters to make contract entry faster. |
Works management |
| Management
Royalty management allows you to create and maintain royalty contracts, maintain contract movements, allocate payee/agent shares, link/maintain works for the contracts and maintain returns provision details. Milestone management program manages advances to payees/agents. |
Work with royalty contract |
| Other income – Collection contracts | Collections processing |
| Other income – Copyright agency licence | Work with CAL |
| Period end processing – Monthly royalty run | Monthly Royalty run |
| Period end processing – Close of royalty period
End of Royalty Period is a manual process; appropriate user access must be setup before running this. Various selection criteria can be used to run the royalty end of period in batches. |
Royalty movement consolidation |
| Royalty inquires | Click here to see the Royalty inquiries. |
| Royalty reports | Click here to see the Royalty reports. |
