Manage Licensing Agreements and Royalty Processing for your Life Sciences Supply Chain Partners
Date : Tuesday, November 17, 2020
Time : 12:00 AM ET/9:00 AM PT
In today’s highly collaborative Life Sciences industry, many companies license products, technologies and processes to and from their Research, Development and Commercial partners. Are you struggling with cumbersome manual processes to properly manage these licenses and calculate royalties owed or due? Are you looking for a better solution?
Please join Apps Associates and FADEL for a live webinar to learn more about our technology solution that automates tracking and royalty processing for your licensing deals using Oracle ERP Cloud Financials and FADEL IPM Suite.
In this webinar subject matter experts will walk you through how our Royalty Management Solution can help overcome some of your biggest licensing challenges:
- Growing complexity of contract terms making even a single licensing arrangement difficult to track and calculate accurately
- Overpayments or underpayments of royalties leading to potential violations and audits
- Integration to back end ERP system
- Lack of visibility into royalty components, royalty percentages, payment schedules, payments and accruals, and agreement or patent end dates
- Ability to accurately forecast business opportunity and future royalty obligations versus negotiated contract terms
Find out more about our solution that is designed for organizations to gain efficiency, accuracy and agility while supporting new transformative business models.
Who should attend:
Managers, Directors, VPs and C-Level leaders from Life Science, Bio Pharma and Medical Device organizations.
What you will learn:
How an effective platform for royalty management can support both inbound and outbound licensing in a unified system with standard data flows. We will show you how you can automate:
Deal Management – A central repository to track license agreements for royalty bearing materials with workflow approvals and a full history and audit trail
Rights Management – A flexible rights data model to align with product SKUs and definitions, support bill of materials management, track usage terms, restrictions and end dates, and provide flexibility to create new product innovations
Royalty Management – Automating calculations and the processing of inbound and outbound royalties with the ability to do monthly accruals and forecasting; native support for reporting on when royalties are due, paid or collected, and provide gross margin visibility for royalty cost of goods sold
ERP Integration – Native integration with Oracle ERP Cloud for Supply Chain and, Financials including Payables and General Ledger, as well as Analytics and Forecasting
Fran Daly, Sr. Director, Life Sciences, Apps Associates
Fran is a Life Science technology executive with over 25 years’ experience working in key management and consulting positions for large Fortune 500 companies, as well as start-up pharmaceutical companies and technology consulting firms. Fran is currently Sr. Dir. of Life Science Consulting at Apps Associates. He holds CPA and CMA certifications and graduated from Fairleigh Dickinson University with an MBA in Finance.
JD Feuerstein, Sr. Business Analyst & Functional Specialist, FADEL
JD Feuerstein is a subject matter expert on all-things licensing. Bringing several years of expertise as a Solutions Consultant and Business Analyst, JD has studied hundreds of licensing models across a multitude of verticals. He leverages in-depth technical and functional knowledge to help industry-leading companies with their discovery analysis in order to propose solutions designed to maximize value. JD is a life-long gamer, comic book & film enthusiast, is fascinated by cutting edge science & technology, passionate about hockey, and wears his geek badge with pride.
FADEL, innovator of rights and royalty management software, has worked with some of the biggest names in media, entertainment, publishing, fashion, beauty, high-tech and advertising. By automating talent and content rights management across videos, photos, ads, music, products and brands, and streamlining the processing of licensing royalties, FADEL’s cloud-based solutions have empowered businesses to significantly maximize revenues and increase process efficiencies. To learn more go to fadel.com
About Apps Associates:
Apps Associates is an enterprise application services leader with a customer-first focus. Apps Associates has more than two decades of experience helping organizations innovate through digital transformation initiatives. Customers such as Brooks Automation, Hologic Inc., Edwards Vacuum, and Take Two Interactive Software turn to Apps Associates for strategic counsel, system integration and the services required to solve their most complex business challenges – utilizing experience in analytics, application modernization, process automation, digital systems, technology and operations. To learn more about how Apps Associates can help you align your business with the right technology, visit: www.appsassociates.com, or follow Apps Associates on social media on Twitter and LinkedIn