Invotex Group Intellectual Property Royalty Reporting & System Audits


Royalty Audits & Compliance Services home Representative Engagements Clients Key Contacts: Debora R. Stewart Managing Director Judy A. Byrd Director	Royalty Reporting & System Audits

	The accuracy of reported royalties is only as good as the process used. Invotex takes the guesswork out of a licensee’s royalty reporting by assisting them with the royalty reporting procedures and report design, ultimately reducing licensee and licensor costs. While identifying underreporting is only half the battle, establishing procedures that actually prevent underreporting from recurring completes the picture. Either as a standalone product, as part of a royalty audit or through its comprehensive license management system, Invotex develops procedures to assist licensees with royalty reporting. These customized procedures are based on the specific financial reports already generated by the licensee and are codified into a manual for ease of reference and to facilitate knowledge transfer during licensee staffing changes.