Enables Global Leader in Application Delivery Networking to Launch Royalty Processing Platform
NEW YORK, NY – Sep 29, 2014 – FADEL, creators of enterprise-class Intellectual Property Rights and Royalty Management software, today announced the launch of its Intellectual Property Management solution configured for OEM vendors in the High Tech industry.
OEM contracts often have complex terms that make it challenging to track product usage rights and royalty payments. FADEL IPM Suite for High Tech has native functionality designed to manage all rights related to partnerships, OEM agreements or other technology licensing models. The solution also manages the financial results of OEM agreements based on incoming sales and usage data — such as calculating inbound and outbound royalties, generating statements and automating payments directly through ERP systems such as Oracle E-Business Suite.
“With our continued expansion into the High Tech sector we have already seen tremendous success — helping one of the top ranking technology companies in the world to manage all deal terms and rights, calculate royalty payouts automatically and generate royalty expense accruals directly through to Oracle E-Business Suite Financials,” said Tarek Fadel. “By going from manual to automated processes, this leading networking provider has been able to streamline their processes by at least 70%, generate revenues in an accelerated manner, and eliminate the risks and compliance issues associated with IP licensing.”
FADEL is a provider of enterprise-class Intellectual Property Rights and Royalty Management software for Media, Entertainment, Publishing and High Tech. Built on a robust and adaptable architecture, the FADEL Intellectual Property Management (IPM) Suite has been recognized for its end-to-end capabilities across the IP licensing lifecycle — from negotiation to payment. The trusted authority for the tracking and monetization of intellectual property usage, FADEL enables businesses to verify, capture and manage rights and royalties for their IP assets through its portfolio of software and expert services. For more information, visithttp://www.fadel.com/.