One of the hidden complexities facing in-house IP
departments is how to juggle the administrative work of IP
portfolio management. Patent services expert Daniel Ovadya explains
how outsourcing IP invoice management can help businesses control
costs, increase transparency, maintain compliance, and free up
stretched resources.
IP portfolio management is part strategy, part generation, and
part administration of IP assets. However, for many larger
businesses, it is the administrative workload that takes up the
majority of time and resources. With multiple jurisdictions and
multiple suppliers to manage, considerable time is taken up on
invoice handling alone, binding the capacity of internal IP
professionals to focus on the more added-value and strategic
aspects of their roles.
