Sales Data
Your team provides or gives access to the required location sales information from the agreed sources.
How GetRoyalty Works
The same controlled cycle runs each reporting period, so your royalty process does not depend on who has time to open the spreadsheet this month.
The Monthly Cycle
Sales Data
Consolidation
Validation
Calculation
Review
Collection Tracking
Reconciliation
Month-End Report
Your team provides or gives access to the required location sales information from the agreed sources.
Location-level sales are organized into one controlled monthly structure for the whole network.
We check the consolidated sales for missing locations, missing periods and obvious inconsistencies.
Your agreed royalty rates and recurring franchise fee rules are applied to the validated sales.
You receive a store-by-store royalty report for approval before anything is collected.
When included, approved royalty amounts are tracked through to received, pending and outstanding.
Amounts received are compared against approved amounts and differences are raised as exceptions.
Management receives a clear summary of sales, royalties, collections, outstanding items and exceptions.
What Your Team Does
Your team agrees the fee structure and sales sources, approves the royalty report and reviews the month-end summary. GetRoyalty carries the recurring work in between.
Your Team
Agrees fee structure and sales sources
GetRoyalty
Runs the recurring monthly process
Your Team
Approves the royalty report
GetRoyalty
Tracks collections and reconciles
Your Team
Reviews the month-end summary
Ready to simplify royalty management?
Tell us how you're managing royalties today. We'll show you how GetRoyalty can take over the recurring work.