Top 7 IP Portfolio Management Software

Intellectual Property may be defined as a product of the intellect that has economic value such as copyrighted property (literary or artistic works) patents, trademarks, business methods, and industrial processes etc. A huge collection of such Intellectual Property may be termed as IP portfolio. And in large organizations with huge IP portfolios, it is extremely important to keep track of their Intellectual Property and maintain them. Hence here comes the importance of IP portfolio software.

These web based solutions are useful in managing inventions, patents, trademarks and other intellectual assets. Using the IP law Intelligence integrated into the software, a company can track deadlines and take appropriate actions at the right time.

These software are used by global IP leaders and companies with huge IP portfolios and more complex IP Asset management requirements. These softwares are useful in different type of activities like:

• Planning requirements to drive innovation and set budgets
• Smooth the progress of the IP strategy amongst individual business units
• For making decisions pertaining to renewal and investment decisions
• Operational reports on costs, performance etc.
• Efficient docketing system

Some software are able to manage all types of Intellectual Property through the complete cycle of processes. It helps in taking management decisions as early as invention disclosure and follow through with royalty collection.

Read More: Best License Management Software

These software also can be customized according to the client’s requirement to manage documents, email, alerts, tracking etc. Other important functions may be document generation, billing and accounting modules, and automation of business processes, security and support for all IP asset types etc.

Some softwares also allows their  clients to manage their IP portfolios by using a common web browser so all of the people involved can easily access the information, update records and perform transactions.

Most of the IP software providers offer customer support with additional support if required. Some service providers  provide updates quarterly for trade marks, patents, domain names and designs, and it sends automatic reminders of due dates.

Client belonging to an wide array of  IP rights like Trade marks, patents, domain names, industrial designs, utility models, SPCs, short-term patents, and others would be immensely benefitted from such softwares as their management worries would be taken care of.

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Top 7 IP Portfolio Management Software:

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IPFOLIO

IPfolio provides collaborative IP management software that is designed for corporate IP groups of all sizes, with everything you need to engage your inventors and start managing your IP portfolio strategically.

CPAGLOBAL

CPA Global is the world’s leading Intellectual Property (IP) management and intellectual property technology company. We are The IP Platform.

WELLSPRING

Is maintaining your portfolio of patents, trademarks, or any other IP taking up valuable time? Our IP technology experts can help find the right solution for you. If you’re looking to automate IP processes, scale your portfolio, or if you just need to organize your assets, Wellspring will help. We work with hundreds of companies with portfolios ranging from a few to a few thousand assets.

FLEXTRAC

FlexTrac’s continuous investment in new systems and technologies, and consistently successful implementations, helps our clients reduce errors, save money, and improve productivity.

PATRIX

Patrix is an international intellectual property case management software provider with over 20 years of experience.

INTEUM

Inteum is the industry leading technology transfer software solution for TTO’s that wish to more effectively manage their Intellectual Property and licensing operations. From invention disclosures, to patents, agreements, and technologies, our system provides state-of-the-art methodologies for managing the innovations, relationships, and transactions that carry ideas forward to commercial realization.

PATTSY

O P Solutions, founder of the renowned intellectual property management software PATTSY WAVE | Patent and Trademark Tracking System Web Access Version.