Licensees that have errors in their royalty reporting
The challenge. A successful licensing compliance program should be a self-sustaining effort that leverages multiple compliance tools and full scope onsite audits to maximize ROI.
The reality. Most licensees have significant gaps in royalty reporting — whether it's from intentional under reporting, gaps caused by outdated or manual processes, or simple human error.
Amplifying this problem is the fact that most organizations lack the necessary resources, processes, and expert support to effectively build and manage their programs.
The Impact. Lower revenues and failed programs due to the lack of resources and inadequate support from third-party audit partners.