TERVIS® CAN “SIP BACK AND RELAX” ON ITS NEXT LICENSOR AUDIT Gaining Efficiencies and a Sharper Competitive Edge with FADEL® Interview with Joe Thompson, Director of Accounting Situation Tervis was founded in 1946 and has grown to become the premier insulated drinkware manufacturer by producing durable, trendy tumblers that generate an emotional connection and positive memory with every use. To that end, Tervis often uses licensed brands to make their beverage holders stand out as favorites among their clientele. “Last year, royalty-generating sales accounted for 43% of Tervis ’ revenue, so almost half of our revenue relates to a licensor, and that seems to grow every year. It is a very important part of our business.” Challenge Tervis’ accounting team faces several challen

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