CoreAX

Features

CoreAX Value-Added Features & Functions

• User-definable royalty attributes classify revenue transactions and systematically find the best-fit payout configurations
• Unlimited levels for payout configurations and participants supports distributions to heirs and royalty payout based on gross or net
• Copy function facilitates the creation of payout configurations with similar participants and rates
• Rates can be easily inactivated and preserved for future reference
• Exception reporting identifies missing rates
• Adjustments and advances are simply managed and may be defined on payout configuration or cross-collateralization level
• Advanced cross-collateralization groups allow the user to consolidate payout configurations by contract, and in turn, cross-collateralize earnings, advances and adjustments
• Payout configuration testing option validates and ensures accurate rate setup
• Rates can be created based on territory and income groups or for specific territories and income types
• Royalties can be processed on closed transaction date or date of AR invoice
• Royalty cycle periods are flexible
• Processing can be done on an individual royaltor basis or in batch
• Royalty payout frequency codes and non-royalty items can be defined by user
• Royalties can be processed by user-defined royalty divisions
• Royalties can be calculated and processed either on invoice date or invoice settlement date
• Real-time posting to general ledger of royalty expense and royalty payable ensures 100% payout verification
• House account earnings can be captured and reported at the same level of detail as royaltors' earnings
• Payout inquiry allows the user to drill down to invoice detail line