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Structured
Invoice Management

Reduce your total prosecution spend

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    Filing & prosecution: A minefield of hidden costs

    HIDDEN COSTS CAN REPRESENT UP TO 15% OF YOUR TOTAL PROSECUTION SPEND

    As a major part of your IP budget, filing and prosecution generally must be done under both monetary and human resources constraints. Then there is a myriad of hidden costs (both direct and indirect) you may not think are significant, but can put even more pressure on your organisation.

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    WHAT ARE THE HIDDEN COSTS?

    DIRECT HIDDEN COSTS

    Overcharges: the invoice does not match the agreed schedule.

    Duplicate charges: being changed for the same work twice.

    Miscellaneous charges: unexpected charges for expenses, taxi rides, conference calls, postage etc.

    Indirect Hidden Costs

    Invoice processing: invoices quickly pile up, and processing every single one of them costs a lot of time and effort.

    International bank transfers: every international bank transfer will incur additional bank charges.

    Foreign exchange: you will receive invoices in multiple currencies, the best exchange rate is not always guaranteed.

    Payment terms: you will not always have the best payment terms, putting a strain on your working capital.

    TACKLING HIDDEN COSTS

    WE CAN HELP YOU SAVE 10-15% OF YOUR TOTAL PROSECUTION SPEND WITH:

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    A STRUCTURED SCHEDULE OF FEES

    We liaise with your agents in all jurisdictions to help them transform their schedule of fees into a standardised one where all prosecution tasks have a defined fixed fee.

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    INVOICE CONTROL

    We collect, handle and control all agents' invoices on your behalf.

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    INVOICE BUNDLING

    We consolidate invoices and re-invoice you on a monthly basis, in your preferred currency and format.

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    HOW WILL YOU BENEFIT

    WITH OUR STRUCTURED INVOICE MANAGEMENT SERVICE YOU CAN:

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    AVOID CHARGES

    We review all our agents’ invoices helping you avoid direct hidden charges, such as overcharges or duplicate charges.  

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    Reduce accounting workload 

    By consolidating hundreds of invoices and re-invoicing you monthly in your preferred currency, your accounting workload will be drastically reduced. 

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    Have an accurate cost forecast 

    All prosecution tasks have a defined fixed fee. Your prosecution cost forecast becomes much easier and more accurate. 

    STRUCTURED INVOICE MANAGEMENT

    Reduce your total prosecution spend. Speak to one of our Filing & Prosecution Support team to see how we can help you.

    Talk to us     GUIDE FOR IP FIRMS