Function Integration

ACUMEN provides one centralized system in which you can manage most of your business operations. Significant benefits from centralization include easier access to information, lower operating costs, increased productivity, and improved customer service.

These benefits can be illustrated by examining the royalty accrual and payment process. Organizations that calculate royalties on spreadsheets usually have one person spending many days every month working on royalties. That person often becomes "indispensable", because no one else understands their system. The time spent on royalties is reduced for organizations that have a royalty fulfillment package, but there is still the issue of transposing data to the financial system. This takes additional time and can lead to data entry errors. Additionally, it's usually cumbersome to audit and verify balances in multiple systems.

With ACUMEN's centralized approach, the process is greatly simplified. Royalties are accrued as sales occur. Royalty Checks are generated automatically. Statements include both earnings and payments. The following diagram illustrates the royalty accrual and payment process in ACUMEN