The realization of all revenues due under licensing arrangements depends on the effective design and operation of ongoing monitoring and compliance systems, not solely on periodic royalty audits. Global Royalty Audits, Inc. (“GRA”) assists licensors in the design and implementation of systems to maximize licensing revenue by improving visibility into licensee reporting and reducing the risk of underreporting over time.
Licensors can often identify early indicators of non-compliance through consistent reporting requirements, standardized calculation methodologies, and structured review procedures. GRA works with clients to design practical royalty monitoring frameworks that align with license agreement terms and the operational realities of licensees. These may include standardized royalty templates, validation and review protocols, and escalation procedures for unexplained variances.
By translating contractual royalty provisions into repeatable and auditable processes, properly designed systems support accurate reporting, improve compliance, and reduce disputes. When combined with periodic royalty audits, proactive system design allows licensors to move from a reactive to a preventative approach and protect the long-term value of their licensing programs.
If you have any questions or require further details of our services, please do not hesitate to contact us for an initial consultation without charge or obligation.