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.
DIRECT HIDDEN COSTS
Overcharges: the invoice does not match the agreed schedule.
Duplicate charges: being charged 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.
We can help you save up to 15% of your total prosecution spend with:
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.
We collect, handle and control all agents' invoices on your behalf.
We consolidate invoices and re-invoice you on a monthly basis, in your preferred currency and format.
With our Structured Invoice Management Service you can:
AVOID CHARGES
We review all our agents’ invoices helping you avoid direct hidden charges, such as overcharges or duplicate charges.
REDUCE ACCOUNTING WORKLOAD
By consolidating hundreds of invoices and re-invoicing you monthly in your preferred currency, your accounting workload will be drastically reduced.
HAVE AN ACCURATE COST FORECAST
All prosecution tasks have a defined fixed fee. Your prosecution cost forecast becomes much easier and more accurate.