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Royalty management requires impeccable accounting to ensure compliance and internal and external auditability and to maintain positive relationships with partners. This means devoting significant human and technical resources to the process. Failure to properly manage royalties or rights can lead to erroneous payments, broken trust from clients, and negative impact on your bottom line.
Royalty records management might be the most confusing part of your business. Mistakes here can cost you money and damage your recipient relationships. To clarify this intimidating process, the MetaComet® team has created the Royalty Management Lifecycle™ model.