IP management software helps in keeping a record of trademarks, copyrights, patents, and other forms of intellectual property. These programs are used by businesses and law companies to keep track of automated intellectual property ownership paperwork, monitor for potential infractions, and take appropriate action.

Managing designers, artists, inventors, and businesses with patented products or services can be a daunting task, but with the help of intellectual property management software, law firms can keep track of their client's contact information, license agreements, and opposition filings in one convenient location. In order to simplify the entire process of acquiring and litigating intellectual property, this software is frequently integrated with case management tools.

In the list of the top tools, we have mentioned the Top 16 IP Research and Management Tools along with their features and pricing for you to choose from.

1. IPfolio

IPfolio is a team-based method for effective IP management that takes into account the fundamentals of good systemization. The software is designed to improve the productivity of intellectual property (IP) teams in organizations of all sizes. By facilitating communication and collaboration across all of the groups working on a company's product, technology, or service, IPfolio significantly lowers the company's administrative costs and speeds up its internal operations.

Key Features:

• IPfolio is used to link IP holdings with products, markets, and financial data.

• IPfolio's centralization of IP management is a major perk because it is a cloud-based solution that can be used from anywhere by any team, regardless of location.

• It has intuitive analytics that can be adapted to any workflow and set up with a wide range of permissions and security options for individual users.

Cost:

Contact the sales team for the quote.

2. PATTSY WAVE

The PATTSY WAVE program is a robust docketing tool that enables intellectual property (IP) processes to function more effectively, while also lowering risk and improving accuracy. It is intended for professionals working in the field of intellectual property who are looking for software that can boost their productivity by automating mundane activities and putting information at their fingertips.

Key Features:

• They are frequently able to finish implementation in less time than it takes some of their competitors to get back to a customer who has called about technical support issues.

• Has a one-of-a-kind design of the PATTSY interface

• Includes in-depth knowledge of patents and trademarks

• Adapts to changes in the industry more quickly than any other competitor.

Cost:

Contact the sales team for the quote.

3. FoundationIP

FoundationIP is the go-to SaaS IPMS for IP professionals because it delivers immediate value right out of the box. They've designed an innovative platform that has revolutionized the way businesses manage their intellectual property (IP), resulting in significant gains in cost savings, risk reduction, cooperation, and productivity for both law firms and in-house IP departments. FoundationIP may be set up in no time flat. To launch using FoundationIP, you won't need to pay for expensive hardware, software, or technical support personnel. Their expert support staff will take care of any necessary upgrades or maintenance so that you may concentrate on more strategic endeavors.

Key Features:

• Using FoundationIP, you and your team are free to concentrate on more important tasks.

• Automated reports, due date calculations, award issuance, reference flow across linked cases, reference import, and other FoundationIP features are saving intellectual property professionals time and effort.

• FoundationIP is scalable to meet the demands of businesses of every size, from solo practices to multinational conglomerates.

Cost:

Contact the sales team for the quote.

4. Alt Legal

When it comes to intellectual property docketing, Alt Legal is in a league of its own. Their primary goal is to facilitate the work of trademark experts. The trademark lifecycle is completely automated, which is above what is expected by IP experts using traditional docketing systems.

In order to provide worldwide protection, Alt Legal is linked directly to the USPTO and CIPO, and it also incorporates CompuMark data for additional jurisdictions.

Key Features:

• Their one-click reporting, intelligent email templates, customized email reports, calendar sync, TEAS integration, trademark watch, and collaboration tools are used by thousands of IP professionals every day.

• Attorneys, docketing professionals, paralegals, and operations professionals use this tool with the main responsibility for ensuring the management of intellectual property (IP) dockets

• Trademark portfolios will benefit most from this product.

Cost:

Docketed matters upto 50 matters cost $50/month, upto 100 matters cost $100/month, upto 200 matters cost $190/month, and upto 400 matters cost $295/month.

5. AppColl

AppColl Prosecution Manager is cloud-based IP management software that can help a patent firm or corporate IP group boost productivity and decrease expenses and risks. They take pride in the high quality of their software, which is consistently ranked highly for its user-friendliness, efficiency, cost-effectiveness, and availability of technical support. Numerous patent attorneys, patent agents, paralegals, and docketing experts have spoken on what they need from IP management software and where existing solutions fall short. In response, they built an affordable, user-friendly patent and trademark docketing system that uses automation wherever possible to boost productivity and efficiency.

Key Features:

• To increase efficiency through the use of collaborative automation technologies, AppColl provides a cloud-based patent and trademark management solution.

• Its services are both user-friendly and accessible from anywhere.

• Companies specializing in patents and large multinational organizations benefit from their services since they allow for more efficient and successful patent creation and filing.

Cost:

Contact the sales team for the quote.

6. DocketTrak

DocketTrak is an IP docket reminder service that operates online. It has all the features you need without breaking the bank, making it ideal for in-house IP counsel or solo IP practitioners. The tool will keep track of your trademarks, contracts, leases, and domain names and remind you of upcoming court dates. It has 'big firm' capabilities like sending automatic emails when docket deadlines are approaching and letting clients view their own dockets.

Key Features:

• The Intellectual Property docket reminder system DocketTrak is fast, efficient, and hosted in the cloud.

• It keeps you up to date on all of your forthcoming events and deadlines in real-time and sends you daily reports to remind you of them.

• When compared to other docketing systems, DocketTrak stands out for its user-friendliness.

• Reporting, guidelines, and standard letters can all be adjusted to suit your needs.

Cost:

Standard Edition costs $75, Expanded Edition costs $100, Enterprise Edition costs $250.

7. Decipher

You can speed up innovation, get insight into your portfolio, and better leverage your intellectual assets with Decipher. It is an intuitive software system for managing your patents, trademarks, copyrights, and trade secrets. You can invest in first-rate software from the specialists at Innovation Asset Group to manage your company's intellectual property brilliantly, from the moment an idea is conceived until it is commercialized.

Key Features:

• All of your IP can be accessed and managed by your legal, financial, and engineering teams in real time using Decipher.

• It's an enterprise-grade licensing management system for small and medium-sized businesses, government organizations, and large corporations alike.

• Users can accelerate innovation, acquire portfolio knowledge, and maximize the value of their intellectual property with the help of the technologies in the Decipher ecosystem.

Cost:

Contact the sales team for the quote.

8. IP Now

IP Now contains all the necessary components of an IP management system, including files, automatic terms, documents, and form letters. The consolidation of conversation, notifications, and tasks enable a novel method of teamwork and communication. IP Now allows for quick and simple management of all processes in distributed businesses and from the comfort of home. IP Now can be deployed on your private network as either a cloud service or an on-premises software solution. Whether you're a legal firm or a corporation, IP Now will reflect your business procedures in a way that's both accurate and straightforward.

Key Features:

• IP Now backs up the efforts of everyone in the IP chain.

• Networked applications built within the tool make it easy to retrieve necessary files, papers, or jargon in order to get things done quickly. And naturally, from there you may access any other relevant data or information the system may have.

• The tool will provide a fresh, straightforward strategy for navigating the complex area of your property rights.

Cost:

Contact the sales team for the quote.

9. Continux

The next generation of IP management software will provide quick and easy access to all the data you need on your IP status. The Continux software makes understanding your IP rights simple. The time it takes to get important information to people who need it should be reduced to zero. Imagine if you could generate reports with the click of a button and use that extra time for the things that are truly important.

Key Features:

• Put everything on track and gain useful insights into your portfolio for strategic business expansion.

• There's no need to figure out where the useful information is hidden or how to piece it together from other databases.

• The Continux program makes it simple to understand your IPR.

Cost:

Contact the sales team for the quote.

10. Equinox

Equinox by Work AnyWare offers cutting-edge IP management software that is both intelligent and robust. It's a young, dynamic organization that provides cutting-edge technologies to IP attorneys all around the world. Equinox is the world's leading Intellectual Property (IP) management software, and it's always evolving to meet the needs of IP teams everywhere. If you're looking for a cutting-edge solution for managing your intellectual property, go no further than Equinox. With their robust workflow automation, you can streamline procedures and cut down on wasted time.

Key Features:

• Their document management solution is both comprehensive and fully integrated, allowing you to handle all of your papers in one location.

• You may use their robust reporting suite to quickly and easily create even the most complex reports.

• Equinox is an Intellectual Property Management System made for businesses, agencies, and new ventures.

• Equinox offers comprehensive Windows-based services, Docket Management, IP Portfolio Management, Renewal Management, Information Disclosure Management, and Deadline Management are all features of this web-based IP system.

Cost:

Contact the sales team for the quote.

11. Wellspring IP Management

To better manage intellectual property such as patents, trademarks, and copyrights, companies of all sizes can take advantage of Wellspring IP Management, a cloud-based intellectual property management solution. User portfolio information, upcoming events, and ongoing maintenance costs may all be viewed in one convenient location. Automation in report generation, status monitoring, IP submissions, and licensing are just a few of Wellspring IP Management's many strong points.

Key Features:

• This solution's integrated inventor portal facilitates the acquisition of IP and the management of inventor relationships.

• As an added bonus, users can sign up for notifications whenever new IP is submitted, and if the necessary review and approval processes are carried out, the submitted disclosure can be transformed into an invention.

• Access to all aspects of licensing is made possible by Wellspring IP Management.

• The platform can be used by businesses to automate the creation of reminders, action items, docket reports, and other similar documents.

• It makes it easier to connect with many payment processors, which speeds up transactions.

Cost:

Contact the sales team for the quote.

12. TM Cloud

TM Cloud creates cutting-edge IP docketing and record-keeping software for in-house IP departments of corporations and law firms. There is protection for IP at every stage of the process. Subjects covered include Trademarks, Disputes, Domain Names, Documents, Additional Intellectual Property, and Searches. Users are provided with cutting-edge navigation features that enable them to easily combine their daily tasks, including workflow, searches, and reporting.

Key Features:

• Docketing dates that sync with your calendar, document and email management, and a plethora of APIs are just a few of the advanced capabilities.

• TM Cloud is a comprehensive Intellectual Property Management Platform for New Businesses, Midsize Organizations, and Large Organizations alike.

• You won't have any trouble getting started with our web-based IP management software.

• The TM Cloud IP Management Software suite offers comprehensive services for organizations of any size and in every field.

Cost:

Contact the sales team for the quote.

13. DIAMS iQ

DIAMS iQ is an all-inclusive intellectual property suite with several features and helpful add-ons, such as a secure online document exchange system, IP analytics, and a specialized R&D platform. Dennemeyer's complete IP portfolio, including the app, works together flawlessly. It also provides digital order placement and file sharing for its patent annuity and trademark renewal services.

Key Features:

• Long-term, hands-on IP expertise is combined with integrated IP country law and cutting-edge digital tools to create the IP management package.

• It provides a centralized location for companies to store digital versions of their IP portfolio's documentation, deadlines, expenses, and matters.

• There are also reporting and process automation instruments, as well as communication templates, intelligent workflow & approval rules, and workflow automation.

Cost:

Contact the sales team for the quote.

14. HeliosComplete

HeliosComplete is the first Software-as-a-Service solution of its type, bringing together cutting-edge technology and personalized support services for patents, designs, and trademarks. Patent, trademark, and design lifecycle management that includes worldwide nation rules, document management, advanced analytics, and PTO integration. 365 Outlook, Sharepoint, and Teams integration; built on the Microsoft® platform; enterprise-class performance.

Key Features:

• HeliosCompleteTM is the first Managed IP Operations platform, and it consists of a cutting-edge software system, expert support services, automated docketing procedures

• It is a worldwide network of IP associates to support filing, maintenance, and enforcement activities for intellectual property all over the world.

• Firms can access full portfolio data, document management, email, and collaboration with the industry's most advanced IP management system for a monthly fee.

Cost:

SMB Portfolio costs $1 Per Month/Per Pending Record+$500 per Month Platform Fee, and Global Portfolio costs $2 Per Month/Per Pending Record+$1500 per Month Platform Fee.

15. Symphony

Symphony, the next-generation IPMS, centralizes all aspects of IP administration, such as invention capture, automated docketing and de-docketing, PTO integration, and annuity management, under a single, flexible roof. Some of the most valuable and ground-breaking intellectual property is managed by Symphony.

Key Features:

• Symphony is the most advanced and trusted IP technology solution

• Whether your goal is to better capture breakthroughs, intelligently align your patent portfolio to your business, or manage your trademark activities, this tool has got you covered.

• When it comes to patent prosecution and intellectual property management, Symphony is the most cutting-edge cloud-based platform accessible.

Cost:

Contact the sales team for the quote.

16. Smart IP

If your legal company deals with intellectual property, you need SMART IP, a cloud-based intellectual property management software. You can use this to better manage your records and maintain open lines of contact with your clients. Intellectual Property Management systems that push the envelope. All of your IP management needs may be met with this one convenient package. The IP address space you have with this tool can be successfully monitored with the help of the tools they provide.

Key Features:

• Collaboratively manage your IP activities with standardized procedures.

• Manage all of your company's email interactions with customers and vendors from a central location.

• Document administration is simplified with simple drag-and-drop functionality into a central repository.

• Utilize a client portal to transmit vital files to your customers.

• Make sure team members are keeping up with their tasks.

• Maintain an up-to-date record of deadlines, renewals, and critical information.

• It is simple to import information from preexisting spreadsheets.

Cost:

Contact the sales team for the quote.

Things to keep in mind while choosing IP Research and Management Tools

Data coverage and accuracy of data

Information about patents, patent sales, patent litigation, and patent-related literature is easily accessible from a variety of sources. Each provider of patent search and analysis software will only have access to a subset of the available data, will only cover a subset of the available jurisdictions, or both.

Correlation and the quality of the data

Several patent data elements are recorded erroneously, and the names of some companies' owners are spelled differently across many papers. More so, daily M&A activity results in shifts that must be recorded. Manual data cleansing and possible insufficient analysis are the results of insufficient or inaccurate data.

Tools for Investigating

The first steps in any investigation should always involve identifying relevant patents. Finding the necessary patents is now faster and more certain than ever thanks to the proliferation of search tools and improvements in existing ones. One of the worst things that might happen is to overlook a relevant patent because your IP analysis tool doesn't allow you to do a certain kind of search.

If you're in the market for IP management software, you should start by making a comprehensive list of all the features and capabilities you'd like your chosen program to have. Tools that go above and beyond the basics should also be included in the vast list of potential solutions.

Conclusion

In this article, we discussed the different IP Research and Management Tools. Hope this has given you a clear idea and how you can choose your desired IP Research and Management Tools.

FAQs

What is Intellectual Property Management Software?

IP management systems (IPMS) aid businesses and legal practices in keeping track of their trademarks, patents, and other forms of intellectual property (IP) protection. Solutions for managing intellectual property serve as docketing systems for intellectual property filings and serve as a central hub for all IP-related duties. Using these technologies, businesses have been able to make the transition from spreadsheets to more involved systems for managing patents, copyrights, and trademarks. When it comes to filing patent applications, building IP workflows, streamlining the process of sheathing an idea in legal protection, and keeping track of all the paperwork associated with the IP, companies and law firms use IP management systems for IP docketing.

What are the features of IP Research and Management Tools?

The following are some of the most important components of IP management software:

• The software serves as a repository for IP-related data, such as patent applications and inventor biographies.

• It stores and organizes all data and documents pertaining to IP for a business or legal practice.

• Reminders and warnings for approaching application deadlines are only two examples of the manual operations that IP management software may automate.

• Patent, trademark, and copyright application chores can all be assigned and monitored with this software capability.

• In order to make use of the information stored in the IP management system, IPMS has a reporting function.

What are the benefits of using the IP Research and Management Tool?

Some of the many advantages of IP management software are as follows:

• IP management systems give customers a centralized location to store and access all documentation and actions pertaining to their IP assets.

• IP management systems simplify the process of managing complex portfolios of varied IP assets by doing things like docketing, document management, and centralizing invention specifications.

• An IPMS allows for the collaboration of several parties and can be tailored to the needs of a company or law firm in order to better manage all intellectual property assets and provide a consolidated picture of a portfolio or an application.

Who is IP Research and Management Tool suitable to use?

Patent attorneys and other intellectual property lawyers utilize IP management software to efficiently organize their clients' patent applications and manage their patent portfolios. Intellectual property (IP) management software is used by creators of new IP to keep tabs on their trademark and patent filings. IP management solutions are used by R&D departments to organize their IP holdings. These services, when combined with patent analytics and research tools, paint a complete view of the current IP landscape.

What are the challenges associated with IP Research and Management Tool?

Better IP management can only be achieved with precise data, which is why such solutions are essential. It's possible that a law firm's or a company's technology stack won't be compatible with the pre-built connectors offered by a particular IPMS. To avoid issues caused by incompatibilities, a prospective buyer should investigate the native integrations inside any potential product. It is crucial for an IPMS to have a reliable data security system in place, especially for new ideas and potential trademarks that are not yet legally protected. Protecting valuable IP requires vigilant management of SaaS solutions, including the reduction and protection of the attackable surface.