What is incoming royalties in SAP (CRM-IM-IPM - Intellectual Property Management)?

SAP Term: incoming royalties

• Component: CRM-IM-IPM

• Component Name: Intellectual Property Management

• Description: IPM: Revenues created by the sale of an IP right that is restricted by time and content.

Smart SAP Assistant

• Key Concepts: 
  Incoming royalties are payments made to a company for the use of its intellectual property. This type of payment is typically made when a company licenses its intellectual property to another company. In SAP, incoming royalties are managed through the CRM-IM-IPM Intellectual Property Management component. 
  
  How to Use It: 
  The CRM-IM-IPM Intellectual Property Management component allows companies to manage incoming royalty payments. This includes tracking payments, calculating royalties, and managing contracts. The component also allows companies to track the usage of their intellectual property and ensure that they are receiving the correct amount of royalties for its use. 
  
  Tips & Tricks: 
  When setting up incoming royalty payments in SAP, it is important to ensure that all contracts are properly documented and that all payments are tracked accurately. Additionally, it is important to ensure that all royalty calculations are accurate and up-to-date. 
  
  Related Information: 
  For more information on incoming royalties and how to manage them in SAP, please refer to the SAP Help Portal or contact your local SAP representative.