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Function documentationMultiple Payees

 

This function allows you to divide royalty payments among several payees.

Integration

This function involves the following applications and components:

  • IPM license acquisition contract

    The Payment Distribution assignment block is available in the license acquisition contract when the Multiple Payees function is activated. You enter the payment distribution information on the contract header level, which means that it is valid for all items relevant to billing. If you change the payment distribution while a contract is active, the new distribution applies to all items that you have not yet billed.

  • IPM Outgoing Royalties (OR) Billing Engine

    In the billing due list, you can see the payment distribution for each item on the Payees tab page. Payment distribution is only available for items that are not derived, which means that it is not available for accruals or intercompany billing.

  • Financial Accounting (FI)

  • Business Intelligence (BI)

For more information, see Distribution of Royalty Payment.

Prerequisites

You have activated the IPM: Multiple Payees (IPM_MP) feature in the Billing Engine application IPMO and configured the settings for multiple payees. See Customizing for Customer Relationship Management under Start of the navigation path Industry-Specific Solutions Next navigation step Media Next navigation step Intellectual Property Management Next navigation step Transactions Next navigation step Configure Settings for Multiple Payees End of the navigation path.

Features

In a license acquisition contract, you can specify information about the payees in the Payment Distribution assignment block, including:

  • One or more payees for the royalties

    You enter payees either manually or by copying the relationships from the licensor. For more information about copying relationships, see Copy Relationships from Licensor. You can also enter a bill-to party that differs from the payee.

  • Share basis of the royalties for each payee

    For more information, see Share Basis.

  • Payee type for each payee

    Example Example

    You can enter a payee type for heirs. In this case, FI receives the information that a payee is an heir of a particular licensor. You define the payee types in Customizing for Customer Relationship Management under Start of the navigation path Industry-Specific Solutions Next navigation step Media Next navigation step Intellectual Property Management Next navigation step Transactions Next navigation step Settings for IPM Transactions Next navigation step Define Payee Types End of the navigation path.

    End of the example.
Existing Contracts

To enable the Multiple Payees function for contracts that were created before you activated the function, you can use the Adjust Billing Plan for Multiple Payees report (RP_CRM_IPM_ADJUST_BILLPLAN_MP) to update the contracts. This results in the following:

  • You see the Payment Distribution assignment block in the contract.

  • The system creates the billing plan for multiple payees (P — Payment Distribution) for the contract.

For more information, see the documentation for the report.

More Information

Payee Billing Document for Multiple Payees

Summary Billing Document for Multiple Payees

BEA-IPMO