Royalty & License Management & Compliance
Managing royalties and licenses requires businesses to have a vigilant strategy in place. Reconnaissance helps you to streamline your licensing and compliance processes by monitoring your royalty streams and identifying each and every opportunity. With our expertise, businesses find it extremely easy to boost their revenues through effective licensing and compliance operations.
Why Choose Our License Management & Compliance
Accurate Royalty Reporting
In-depth Audits
Additional Licensing Opportunities
What We Do
Reconnaissance proactively assists clients with license management & compliance which involves:
- Establishing processes, checks and controls for the accurate measurement of sales and royalty reporting.
- Monitoring various royalty streams, however big or small, received by the client to ensure it’s all there and on time. This removes the stress and effort of running after people who owe you money at a later stage (avoiding the risk of negligence & break of fiduciary duty claims).
- Studying all licensing agreements and ensuring compliance with all of the contractual terms.
This is relevant for companies, government organizations, universities and research labs that may not have the right systems to continuously pay attention to the license royalty figures. Reconnaissance assists clients in increasing their revenues by finding additional licensing opportunities for them. We also provide inputs on potential ways to make the next licensing deal more favourable for the client by altering certain licensing terms. This is carried out by performing an audit of existing licensing agreements.