This product enables Sage Accpac users to capture Royalty and Rebate contract details that contain elements, which will enable the regular calculation of Royalty and Rebate amounts due. Based on the agreement details captured per contract, the utility will interrogate the relevant OE sales history of selected date periods for selected IC product / media item codes as linked to each contract, and then calculate any Royalty and/or Rebate amounts due. The product automatically creates an AP Vendor Batch at each run and maintains audit trail information for all applicable source data and calculation details. Variable rates based on RRP or net sales value linked with sales volume rate variations are available as set up options. Some main features include:

• Different calculation methods are available for different products in the same contract.
• Contracts are multi currency compliant and have a copy function for convenience of setting up.
• Payment of invoices are then made or in cases where prepayments and advances have been made to Royalty or Rebate Vendors, the balance per such Vendor could easily be identified and set off against Royalty/Rebate payments due.