The deal management module captures agreement terms, creates approval workflows, processes financial payments, allows for contract amendments, and creates a history and audit trail. The rights management module supports deal search and deal creation, IP rights hierarchies, advances and guarantees, payment schedules, royalty rates, and collision checking/rights clearance/holes analysis. The royalty management module processes sales and usage data, calculates and validates royalties in and out, allows for deductions/recoupments, handles violations, enables analytics, and generates royalty statements. The finance management module includes the ability to manage revenue recognition and accruals, expense management, a robust accounting engine, accounting sub-ledger, and bi-directional ERP integration with financial systems.