With the release of Dynamics AX 2012 R3, Microsoft added royalty management. Royalties are the fees that one party (the licensee) pays to another party (the licensor) for the use of intellectual property. Dynamics AX 2012 R3 enables an organization to manage royalty agreements, track royalty transactions, and approve them for payments.
In this article, I will highlight the main steps to enable royalty tracking and process a sample transaction.
In order to use royalty management, make sure that the configuration keys are enabled under System administration > setup > Incense configuration