In a presentation at IP Service World 2023, Thomas Spernat, Head of IP at Heraeus Business Solutions GmbH, and Daniel Ovadya, a Patent Services Expert at Questel, shared the efficient and transparent approach to international patent filings that had saved the global company €500,000 in prosecution costs.
Watch the video now to discover more about this innovative solution and how you could achieve substantial cost reductions for your own organization by working with Questel.
Why use IP cost management for international patent filing and prosecution?
Traditionally, the international filing process has been costly to manage because of its highly administrative nature. Now, thanks to advancements in technology, companies can access dedicated tools, robust processes, and centralized solutions that leverage the administrative processes of foreign filing to reduce costs, improve efficiency, and free up internal resources.
As Thomas Spernat and Daniel Ovadya discuss in this presentation recorded at IP Service World 2023, global companies can realize substantial savings in their international patent filing and prosecution programs by focusing on efficient resource allocation and proactive cost management.
When Heraeus embarked on a strategic initiative to control costs by optimizing its patent filing and prosecution process in 2022, the company identified Questel as the ideal partner to provide support. Our comprehensive solution, which combined our IP Cost Management and International Patent Filing Support services, enabled Heraeus to not only achieve its efficiency objectives, but also make sizeable savings on its annual foreign patent filing and prosecution costs.
Watch the video now to discover:
- How Heraeus was able to save €500,000 in annual foreign patent prosecution costs, including translations, by outsourcing its international patent filing program to Questel.
- How improvements in operational efficiency freed up Heraeus's internal team to the extent that it now manages four times as many international patent filings in-house per year with the same headcount.
- The detailed reporting and compliance monitoring systems that deliver Heraeus enhanced control over IP budgeting and expenditures. How Questel's solution was implemented to maintain Heraeus's long-established relationships with preferred law firm/foreign agents.
The Heraeus-Questel collaboration offers companies a glimpse into an effective alternative to costly and resource-heavy approaches to international filing and prosecution that Questel has fine-tuned for over a decade. Find out more about our IP Cost Management and International Patent Filing Support services by watching the recording today or contact our Subject Matter Experts for dedicated advice and support.