Client Reports Significant Savings "I used the Beta version of the Portfolio Cost Analyzer software numerous times in 2009 to analyze portfolios. The first step of the process involved Global IP Net's staff setting up an automated process to import data into the PCA software from my internal docketing system database. Although numerous report formats were available, I used the Patent/Country report most often to show the total projected costs for the entire portfolio over the next 20 years." "The reports were reviewed online with business managers who could readily see where each application was filed and the amount of money spent on each application. Using feedback received from the managers during the meetings, I identified the applications that were to be dropped. The PCA software was then updated with the managers' decisions, and projected costs were recalculated, which allowed me to determine the associated savings. Foreign associates and an annuity payment service provider were then notified to abandon the selected applications. Our projected cost avoidance is significant, cutting more than 10 times the cost of the program." Other areas where I've found the tool useful: "In addition to reducing costs, I now have the ability to accurately forecast the costs to prosecute and maintain entire patent portfolios, which is greatly appreciated by business managers who must budget for IP costs. I routinely use the Portfolio Cost Analyzer software during meetings in which I work with senior managers to select foreign countries in which to file a patent application." "This is how the process works. Prior to the start of the meeting, I open the application and create a 'record' for this application, wherein I enter the known information such as the number of pages, number of claims, number of drawings, etc. I also select those countries in which I think we will file based on where we have filed similar applications. This provides an initial estimate and a working record, which I can easily modify. When the meeting begins, I have the report, which shows the total cost by country, projected on the screen in the conference room." "Based on business input (e.g., countries of relevance) and other considerations (e.g. results of an International Search Report), the managers decide on a tentative list of countries in which to file. I then modify the countries on my preselected list and recalculate the costs. The managers then have immediate feedback on how much this application will probably cost to file, prosecute and maintain in the selected countries. After the final list of countries is approved, I save the record." Allan FraserManager, Intellectual Property NorPro Saint-Gobain NorPro Stow, OH, USA PortfolioCosts.com is a service of Copyright © 2012. All rights reserved.
Client Reports Significant Savings "I used the Beta version of the Portfolio Cost Analyzer software numerous times in 2009 to analyze portfolios. The first step of the process involved Global IP Net's staff setting up an automated process to import data into the PCA software from my internal docketing system database. Although numerous report formats were available, I used the Patent/Country report most often to show the total projected costs for the entire portfolio over the next 20 years." "The reports were reviewed online with business managers who could readily see where each application was filed and the amount of money spent on each application. Using feedback received from the managers during the meetings, I identified the applications that were to be dropped. The PCA software was then updated with the managers' decisions, and projected costs were recalculated, which allowed me to determine the associated savings. Foreign associates and an annuity payment service provider were then notified to abandon the selected applications. Our projected cost avoidance is significant, cutting more than 10 times the cost of the program." Other areas where I've found the tool useful: "In addition to reducing costs, I now have the ability to accurately forecast the costs to prosecute and maintain entire patent portfolios, which is greatly appreciated by business managers who must budget for IP costs. I routinely use the Portfolio Cost Analyzer software during meetings in which I work with senior managers to select foreign countries in which to file a patent application." "This is how the process works. Prior to the start of the meeting, I open the application and create a 'record' for this application, wherein I enter the known information such as the number of pages, number of claims, number of drawings, etc. I also select those countries in which I think we will file based on where we have filed similar applications. This provides an initial estimate and a working record, which I can easily modify. When the meeting begins, I have the report, which shows the total cost by country, projected on the screen in the conference room." "Based on business input (e.g., countries of relevance) and other considerations (e.g. results of an International Search Report), the managers decide on a tentative list of countries in which to file. I then modify the countries on my preselected list and recalculate the costs. The managers then have immediate feedback on how much this application will probably cost to file, prosecute and maintain in the selected countries. After the final list of countries is approved, I save the record." Allan FraserManager, Intellectual Property NorPro Saint-Gobain NorPro Stow, OH, USA
Client Reports Significant Savings
"I used the Beta version of the Portfolio Cost Analyzer software numerous times in 2009 to analyze portfolios. The first step of the process involved Global IP Net's staff setting up an automated process to import data into the PCA software from my internal docketing system database. Although numerous report formats were available, I used the Patent/Country report most often to show the total projected costs for the entire portfolio over the next 20 years."
"The reports were reviewed online with business managers who could readily see where each application was filed and the amount of money spent on each application. Using feedback received from the managers during the meetings, I identified the applications that were to be dropped. The PCA software was then updated with the managers' decisions, and projected costs were recalculated, which allowed me to determine the associated savings. Foreign associates and an annuity payment service provider were then notified to abandon the selected applications. Our projected cost avoidance is significant, cutting more than 10 times the cost of the program."
Other areas where I've found the tool useful:
"In addition to reducing costs, I now have the ability to accurately forecast the costs to prosecute and maintain entire patent portfolios, which is greatly appreciated by business managers who must budget for IP costs. I routinely use the Portfolio Cost Analyzer software during meetings in which I work with senior managers to select foreign countries in which to file a patent application."
"This is how the process works. Prior to the start of the meeting, I open the application and create a 'record' for this application, wherein I enter the known information such as the number of pages, number of claims, number of drawings, etc. I also select those countries in which I think we will file based on where we have filed similar applications. This provides an initial estimate and a working record, which I can easily modify. When the meeting begins, I have the report, which shows the total cost by country, projected on the screen in the conference room."
"Based on business input (e.g., countries of relevance) and other considerations (e.g. results of an International Search Report), the managers decide on a tentative list of countries in which to file. I then modify the countries on my preselected list and recalculate the costs. The managers then have immediate feedback on how much this application will probably cost to file, prosecute and maintain in the selected countries. After the final list of countries is approved, I save the record."
Allan FraserManager, Intellectual Property NorPro Saint-Gobain NorPro Stow, OH, USA
