Licensing is the one area where spending a little on prevention can result in major savings down the road. Most companies find that the sooner they call us in to review their agreements, the more likely they are to reap full revenues from their licensing arrangements.
In 90% of the royalty examinations we undertake for our clients, we uncover under-reported revenues due to clerical errors, accounting mistakes or contract misunderstandings. Almost invariably, there are financial recoveries, in sometimes very substantial amounts.
PwC has developed a comprehensive, highly disciplined Licensing Management programme in order to review past licensing revenues and, where necessary, make adjustments. Furthermore, we aim to ensure accurate reporting and royalty compliance in the future.
We do so by providing:
Our expertise is highly valued in many industries, including software/technology, entertainment, media and publishing, luxury goods, biotech/pharmaceuticals, and telecommunications. Globally, we have completed over 850 engagements over the past five years.