Patent Strategy & Administration

IP Cost Management

Fee audits, benchmarking, negotiation, compliance, and forecasting

Overview

Find Out If You Are Paying Too Much for Patent Services With Our IP Cost Management Service

Audit, negotiate, benchmark, forecast, and ensure compliance. Our IP cost management systems and highly experienced team save corporate clients on average 20-30%!

Take Back Control of Your IP Budget With Our IP Cost Management Services

Staffed by former chief IP counsel, patent counsel and other IP professionals, our platform applies a blend of technology, patent process expertise and human resources to provide comprehensive IP cost management.

The next evolutionary step in IP budget management best practices, we save corporate IP departments an average of 20 to 30% on their outside patent procurement costs with an emphasis on reducing international filing and prosecution spending. Our platform works seamlessly without interfering with existing IP policies, systems, quality controls or outside counsel relationships. Not only is the platform quick and easy to use, but it also provides immediate and recurrent cost reductions for our clients.

Audit, Negotiate, Benchmark, Forecast, and Ensure Compliance with Our IP Cost Management Service

Benefits

Key Benefits for Your Business

Our goal is not only to provide savings but also to provide our clients with ongoing IP process improvements and complete transparency into the costs associated with the international patent prosecution lifecycle:

Our platform analyzes legal service provider efficiency and costs to assist clients with the implementation of best practices and sourcing decisions.

Our IP experts provide comprehensive agent benchmarking analytics and auditing capabilities, as well as detailed analysis of where inefficiencies exist in the patent prosecution lifecycle.

How Our IP Cost Management Service Works

Auditing for Value and Compliance

Our team of industry veterans combine experience and expertise with artificial intelligence (AI) enabled systems to analyze your invoice data, identify efficiency improvement opportunities and suggest cost reductions.

The net results are international fee schedules that capture these cost savings and efficiency gains. However, we don’t simply consult and leave. Our team will also implement the fee schedules with your agents and audit progress to ensure compliance. And, unlike other providers that see a fee schedule as the end of the process, we look at them as the starting point. After analyzing decades of invoices and monitoring many invoice patterns, we have found that, without auditing, many agents deviate from agreed fee schedules—either by actual breach of the schedule or by breaching the spirit of the schedule.

IP Cost auditing for value and compliance

Benchmarking and Analytics

Many organizations have an untapped treasure trove of invoice data. Whether it is this historical data or data that we have collected for you, our AI-driven systems and staff expertise can unlock it for you.

Questel’s capabilities dissect data and manipulate it into customized formats that meet your needs. We can quickly prepare cost, quality and efficiency metrics. Your metrics, in turn, can be compared against over a decade of industry data to ensure your costs are in line.

Questel’s clients have discovered that our IP cost management systems and experienced team not only unlock the power of data, but also deliver the added insight and interpretation needed to guide effective decision-making.

Resources

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