FADEL announced that the company has unveiled LicenSeetm, a platform designed to enhance and automate the management of royalties for consumer product licensees in the mid-market. This solution originates from FADEL's enterprise solution, IPM Suite, which is used by major licensors like Marvel Entertainment®, Hasbro® and Bandai Namco® to manage the complexities of licensing rights and royalties. LicenSeetm is expected to deliver many business efficiencies to licensees, such as a reduction in royalty overpayments by up to 20%, diminishing time spent on audit processes by as much as 68%, and halving the average time required for royalty processing.

LicenSeetm will enable small and medium sized businesses to manage their license agreements, automate the calculation of royalties, and ensure compliance checking across varied contractual landscapes. LicenSeetm are expected to replace traditional methods typically used within businesses, such as spreadsheets or legacy in-house systems, which can lead to inaccuracies and potential financial discrepancies. LicenSeetm leverages the same robust architecture of IPM Suite and is highly scalable, delivered from a private and secure cloud infrastructure.

It is preconfigured for licensees and has a fast professional service implementation cycle of typically 5-10 calendar days.