Jaguar News - June 2006

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	#1 in Contract Rights Management www.jaguartc.com - Pasadena, California - Lincoln Center, New York - London, UK Contract Accounting Software for Intellectual Property Management Publishing - Entertainment - Consumer Products - Broadcasting


	June 2006	Contents: New System 7 Broadcast Features Presented Impact of Sarbanes-Oxley Legislation Previous Jaguar News Editions About Jaguar News


	New System 7 Broadcast Features Presented

	TES Consulting Limited will be presenting Jaguar System 7 at Broadcast Live in Earls Court 2, 20-22 June 2006. Jaguar System 7, the world leader in contract rights management solutions will be on display at Stand A104 in the FOCAL zone of Broadcast Live. The unrivalled contract accounting and administration, availability and conflict reporting functionality will be on display, with particular emphasis on its ability to support broadcasters' program acquisition, use and secondary exploitation activities. New Features of Jaguar System 7: Improved Broadcast Management System to manage runs, airings and timings in greater detail. Advanced Royalty Processing and Management functionality for increasingly complex contract terms. Additional Themes For Broadcast Live 2006: New Media Rights - are you legal? Sarbanes-Oxley - do your systems comply?


	Impact of Sarbanes-Oxley Legislation

	Audit-ability has become a key watchword of corporate governance within US corporations and, by extension, public companies around the world. Within the intellectual property field, many companies do not meet minimum requirements for accounting systems integrity. In other words, there is no direct senior management control of how revenue is defined and recognized from intellectual property distribution and licensing activities. Accounting data is typically entered into multiple documents, databases and accounting systems to then be manually cross-analyzed. General Ledger transactions cannot be traced back to source work orders, invoices or contractual triggers. Departmental interpretations of contracts determine major revenue allocation and cash application decisions without documented support from contract administration workflow. Sarbanes-Oxley (SOX) is designed to legally restrict all types of public corporations from obscuring, mis-timing and falsifying key accounting data. Corporate intellectual property licensing divisions are particularly vulnerable to non-compliance findings during routine audits. The dynamic nature of contract accounting within Entertainment, Apparel and Consumer Products industry production and distribution licensing relationships challenges finance departments to maintain acceptable revenue and liability recognition audit trails. Sarbanes-Oxley at the operational level is intended to produce integrated accounting systems, consistent accounting policies and the ability to document past, current and pending implications of in-force contracts. System 7 is the only IP contract accounting system that meets the SOX transparency standard. All other attempts at producing this functionality rely too heavily on manual adjustments, redundant data entry and non-transactional record keeping to be acceptable under new audit review standards. Parallel licensing divisions are no longer allowed to maintain separate redundant contract systems. Such administrative nightmares are seen as undue “complexity” inviting abuse. The combination of non-transactional accounting data and replicated contract databases places most IP organizations in direct contradiction to the intent of Sarbanes-Oxley. System 7 provides the transactional integration and single-entry simplicity envisioned by the US Congress in enacting this legislation. System 7 makes all processes 100% visible, months, years or decades after their inception. Control Points Sarbanes-Oxley 404 focuses on the establishment of documented, maintained and tested Control Points to assure that management is reasonable in relying upon the internal financial reporting of a corporation’s various departments, divisions, subsidiaries and business partners. Control Points come in two basic forms, manual control points and financial software application control points. Application and manual control points frequently blend wherein the role of the accounting software is to create a documented decision point or exception report requiring human involvement. System 7 supports the following Control Points: Contract Quality Assurance Redline Comparisons Licensee Royalty Reporting Accuracy Validation Delayed In-process Contract Execution Alarm Automatic General Ledger Account Generation Contract Inception and Revision General Ledger Posting Contract Inception and Revision Accounts Receivable Posting Contract Rights Clearance Validation - Assets and their Elements Exceptional Transaction Notification - Continuous Monitoring Contract Approval Standardization - Documented Reviews Unapplied Cash Receipts Management and Application Contract Version/Amendment/Revision/Extension Documentation Payment Authorization Monitoring - Confirmation of Payment

Previous Editions

August 2005	Impact of Sarbanes-Oxley Legislation
July 2005	System 7 Version 1.61 Long Form Contract Enhancements
February 2005	Microsoft Media & Entertainment Conference
August 2004	Jaguar at International Broadcasting Convention; London Seminar - 30 September; New Contract Intelligence Whitepaper
June 2004	System 7 Builds Intellectual Property Supply Chains; System 7 Builds Digital Rights Management Consensus
May 2004	Rights Management On Every Desktop
April 2004 - Volume 2	Why Waste Capital on Software Development?; Cost of Ownership; Feature Richness; Continuous Contract Monitoring; Complex Rights Management; Contract to Finance Integration; Full Life Cycle Support
April 2004	Executive Web Queries; Rights Inheritance; Participation Statements
March 2004 - Volume 3	Analytical Reports; Contract Receivables
March 2004 - Volume 2	Financial Integration; Data Creation; Reference Tables; Data Movement; Posting; Journals; Transaction Tables; History
March 2004	Impact of Sarbanes-Oxley Legislation; Transactional Contract Accounting
Click here for additional previous editions


	About Jaguar News

	Jaguar News is published periodically for the purpose of maintaining communications with Jaguar’s clients, prospective clients and other parties interested in the field of Intellectual Property Contract Rights Management. Jaguar Consulting was founded in 1985 for the express purpose of designing, developing, installing and supporting Intellectual Property Software Solutions. Clients include A&E Television Networks, Alliance-Atlantis Communications, Chorion, Cookie Jar Company, DIC Entertainment, Elsevier Science, Explore International, Flextech Television, France Television Distribution, Goodtimes Video, Hallmark Entertainment, Harmony Gold, HIT Entertainment, Lakeshore Entertainment, Lions Gate Entertainment, Liz Claiborne, Major League Baseball, MGM, NBA, National Geographic Society, Nelvana Ltd., Pokemon USA, Sesame Workshop, Southern Star Group, TVA and WNBA. System 7 Universal Rights Management is Jaguar’s seventh generation software product. It is an all-new design created specifically to bring contract rights management technology to all forms of intellectual property, including patents, copyrights, trademarks, trade secrets and permissions. This groundbreaking system features a Universal Contract Database, Multi-Level Rights Inheritance, a fully-configurable Custom Rights Framework, and Integrated Rights and Royalties Management. System 7 is available in the following software modules: Intranet Portal, Contract Administration, Rights and Restrictions, Workflow Management, Revenue Accounting, Royalties Receivable and Participations Payable. Further information and a System 7 Buyer's Guide is available at http://www.jaguartc.com/system7. Jaguar Consulting Inc. Pasadena, California Lincoln Center, New York London, United Kingdom For additional information: Visit http://www.jaguartc.com Or contact Jaguar at 626/796-1955 or info@jaguartc.com If you wish to discontinue your receipt of Jaguar News, simply reply to this email with “Unsubscribe” in the subject line. If this email was forwarded to you from another email address, please indicate the original address in the subject line as well.

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