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Royalty Management

  • 1.  Royalty Management

    Posted Jan 15, 2020 06:30 PM
    Is there an add on for Royalty Management System for NAV 2016?

    Jolly Keshwji
    Business System Manager
    San Diego CA
    Academy - Online Interactive Learning from Experts

  • 2.  RE: Royalty Management

    Posted Jan 16, 2020 09:51 AM
    There is a company in Germany that has an add-on.
    You can check their website.

    We bought a kind of add-on, but during time (over 15 years) it has become our own customized solution.

    Annette van der Muur
    Application Manager
    Hal Leonard Corporation

    Academy - Online Interactive Learning from Experts

  • 3.  RE: Royalty Management

    Posted Jan 16, 2020 11:05 AM
    First off, I do not have a lot of experience with Royalties and how those work.

    However, I'm going to guess that a Royalty is similar to, say, a label fee, brokerage commission, and such.  In short, it is a commission type fee that accrues when you sell a specific item, or group of items, and accrues to a customer or vendor that is not on the sales order and is calculated regardless of who the sales person is.

    Does this sound familiar?

    If so, there are several good commission programs out there that can calculate all kinds of different rebates, commissions, label fees and, I'm sure, Royalties.

    Two that I'm familiar with and have used in the past are the Artifex Partners Commission program, and the Western Computer Trade Management.

    Both are very well developed and have been supported by their respective vendors across several version of NAV/BC.

    I hope this helps.

    Victor Diercksen

    Victor Diercksen
    CIO/NOW Inc.
    Sandy UT

    Academy - Online Interactive Learning from Experts

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