#United States #New York #Warner Bros #Mattel #FADEL

FADEL Introduces Ready-to-Submit Royalty Reporting

In a bold move to streamline royalty reporting, FADEL has unveiled a set of new ready-to-submit royalty statement templates as part of its innovative cloud-based solutions. This launch targets major licensors, including powerhouses like Warner Bros., Mattel, Universal, and Viacom, aiming to reduce the administrative burden that licensees face when preparing royalty reports.

Traditionally, licensees have had to manually create individual royalty reports tailored to each licensor's specifications. This often turns into a cumbersome process, requiring lengthy hours of work, and can extend over several days or even weeks. For organizations operating under quarterly reporting schedules, the time invested in generating these reports can significantly impact operational efficiency and profitability.

In the face of increasing economic pressures—such as inflation, supply chain disruptions, and rising tariffs—maximizing operational efficiency is more crucial than ever. The need to minimize administrative costs while balancing new contractual terms and royalty rate structures adds a layer of challenge for licensees. FADEL's recent enhancements not only support licensees in adhering to the complex requirements set by licensors but also aim to mitigate the extensive time spent on these tedious tasks.

Key Benefits of FADEL's Royalty Reporting Solution

One standout advantage of the new royalty reporting templates is the substantial reduction in the time required for royalty processing. For example, Ata-Boy, a wholesale gift and novelty company, leveraged FADEL’s licensor-specific reporting templates, resulting in a remarkable 99% decrease in royalty processing time—transitioning from days of labor to mere minutes.

Moreover, FADEL’s cloud-based software automates the entire royalty calculation process, integrating accurate data directly aligned with the contractual agreements between licensees and licensors. This not only enhances reliability in reporting but also lessens the administrative overhead typically associated with royalty management.

As part of FADEL's ongoing commitment to enhancing its services, the roadmap includes future updates that will incorporate royalty reporting for additional brands such as Pokémon and Nintendo. By broadening the scope of its reporting capabilities, FADEL continues to position itself as a leader in rights and royalty management.

With its headquarters in New York City and additional offices in Los Angeles, London, Paris, and Lebanon, FADEL has built a reputation for innovating solutions that empower businesses across various sectors, including media, life sciences, and fast-moving consumer goods. This latest rollout is geared towards equipping businesses with tools to not only maximize revenue but also enhance the efficiency of their operational processes.

For further details and to explore FADEL’s offerings, interested parties are encouraged to contact the company directly or to visit their booth at the upcoming Licensing Expo.

Conclusion

FADEL’s evolution in creating user-friendly royalty reporting solutions illustrates a significant shift towards automation and efficiency in royalty management for licensors and licensees alike. As businesses navigate the complexities of today’s economic environment, adopting these innovative reporting tools may prove to be a smart move for those looking to streamline operations and enhance their financial performance.