Royalties
Automating Royalties Management
How Rockton Pricing Management Solves Common Royalties Challenges
![tracking simplified royalty tracking](https://www.rocktonsoftware.com/wp-content/uploads/2024/08/tracking-1.png)
Simplified Tracking
Rockton Pricing Management provides the ability to track and confirm royalties accrued, collected, and disbursed.
![Layer_1 Automatic Royalty Calculations](https://www.rocktonsoftware.com/wp-content/uploads/2024/08/Layer_1.png)
Automatic Calculations
Digital, automatic calculation and recording of royalties as sales happen, with details tracked at each sales document line level.
![excel excel for royalty calculation](https://www.rocktonsoftware.com/wp-content/uploads/2024/08/excel-1.png)
Eliminate Excel Spreadsheets
Rockton Pricing Management automates the entire royalties process, from manually tallying sales to calculating, tracking, and tying to payouts/collections.
![Layer_1-1 revenue loss from royalties](https://www.rocktonsoftware.com/wp-content/uploads/2024/08/Layer_1-1.png)
Minimized Revenue Loss
Detailed tracking and calculation of royalties minimize revenue loss.
![Layer_1-2 complex rebate calculations](https://www.rocktonsoftware.com/wp-content/uploads/2024/08/Layer_1-2.png)
Complex Rebate Calculations
Complex calculations can be based on sale, margin, or any facet of a step in the price calculation.
Key Features of Rockton Pricing Management
That Simplify Royalties Management
1. Digital, automatic tracking helps eliminate human error and save time.
2. Real-time calculation and recording as sales occur, with details tracked at the sales document line level.
3. The data trail shows the connection between the customer sales document and the sales line through the royalties document, showing what was collected and paid.
4. Complex calculations for always-accurate accruals of royalties.
5. Automatic sales tallies, calculation and tracking, and matching to payouts/collections.
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Customer Testimonial
“For us, as a company that manufactures new products daily and has unique contracts with different retailers, Rockton Pricing Management has been essential. Instead of managing custom pricing across thousands of products and hundreds of customers, we set it up once and forget it. When business needs change, RPM’s flexible nature allows us to adapt to any scenario and continue saving our team massive amounts of time and headache.”
– Sami D’Amico, Head of Tech, Mammoth Distribution
Get a Pricing Audit
Are your pricing processes aligning with your business goals? Let us analyze, refine, and elevate your pricing management to propel your business forward.