Royalty software update 4.4.11 speeds up royalty calculations and adds functionality to exclude prior sales from new royalty beneficiaries.
Faster royalty calculations
A rewrite of the royalty calculation engine eliminated about 900 lines of code and increased the speed of royalty calculations. A client with over 350 contracts saw a 56% reduction in royalty calculation time. The development team is working to further increase the speed of royalty calculations and statement generation.
Historical > Prior system statements through date
The Royalty contact > Historical > Prior system statements through (date) field excludes sales activities that occurred on or prior to this date from royalty calculations.
Use this functionality to add a new beneficiary to a title (property) and exclude sales paid to the prior royalty recipient from royalty calculations.
On Screen Help Text
The software development team has started to add on-screen help text to the royalty software.
If you have any questions about this update please email email@example.com