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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 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.

TACKLING HIDDEN COSTS

WE CAN HELP YOU SAVE UP TO 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.

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