The Bottom Line
Invotex is known for our publications of our royalty audit findings statistics as well as our ability to uncover large underpayments while preserving relationships.
UNDERREPORTED ROYALTIES AS A PERCENT OF REPORTED
Source: Over 25 Years of Invotex Audit Statistics
For Every 100 Audits Performed:
Truth behind reasons for underreporting
Majority stems from honest oversights and misinterpretations
Disconnect between the legal/licensing professionals who draft the license agreement and the staff tasked with preparing the royalty reports
Periodic royalty reporting is an auxiliary job responsibility
Employee turnover
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