In this process, you create a business activity, and the data you enter in the business activity is automatically transferred to your groupware administration system, in this case, Microsoft Outlook or Lotus Notes. Next, you document the business activity, for example, using an activity journal or questionnaire.

Displaying an overview of the Intellectual Property rights, with particular emphasis on the following aspects:

• The ability to perform a search using any criteria.
• Search for rights that are still freely available to be sold.
• Search for sales contracts in which specific rights have already been assigned.

The rights availability analysis can be used as type of rights inventory management.

You sell rights against variable license fees in your company. License fees are based on the success that the licensee has had from exploiting the right. The data on revenues and rights exploitation costs reported by the licensee are entered in the license usage confirmation and automatically assigned to the sales contract for specific periods. The data confirmed is taken into account during billing for incoming royalties in accordance with the arrangements in the contract.

You have made agreements on the transfer of rights against fixed or variable license fees in license sales contracts. The incoming royalties billing process is used to bill license revenues on schedule according to the agreements for fixed or variable license fees and on the basis of any usage data for the licensee. The system recoups any existing advances and minimum guarantees automatically here.

You use this business process to make subsequent changes to license sales contract items that have already been released. These changes can relate to the Intellectual Property (IP), rights or distributions in sales contracts. You can make this type of contract change retroactively or non-retroactively according to the business transaction involved. The original contract item is assigned the Completed status for a non-retroactive change and is valid until its contract end, whilst the modified contract item starts from its contract start date, (which is the day after the completed contract item ends). The type of change you make can affect subsequent processes such as confirmations, incoming royalties billing, outgoing royalties settlement, update in Profitability Analysis (CO-PA), revenue recognition and payments or partial payments in Accounting. You can perform contract revision during the entire lifecycle of a license sales contract.

Records and manages customer accounting data via the Accounts Receivable (AR) component. Connects AR directly to the G/L using a special reconciliation account.