IP strategists suggest that having a right strategy in place right from the outset of invention disclosure will help companies cut down their overall patent maintenance costs. With a little planning and preparation, you can learn how to manage your costs and achieve significant savings. Established companies, regardless of their assets or market values, look for every possible way to reduce direct and indirect costs.
Huge sums of time and money are invested to support ongoing research and development efforts globally, particularly in the most innovative industries like pharma, healthcare and biotechnology. The global R&D spending  is at a record high of US$1.7 trillion of which 80% of total spending is only from the Top 10 countries.
The world is trending toward automation, and intellectual property (IP) management is no exception. Symphony is designed to streamline IP lifecycle management processes to reduce costs, improve efficiency, and eliminate administrative errors.
Patent prosecution analytics can provide valuable insight into the performance of an organization’s IP operations just as other forms of analytics help in reducing cost, in making better decisions and in creating new products and services. Technology companies who are actively filing patents can achieve cost savings and faster times to grant through prosecution analytics. I will illustrate what I mean by looking at two leading technology companies with different prosecution performance - Cisco and Juniper Network.
Max-IDS is MaxVal’s cloud-based, hosted, Information Disclosure/Reference Management solution. Max-IDS is much more than a form generator. Max-IDS stores your references in a centralized database together with information about the cases citing each reference. This promotes consistency, reduces confusion and makes ad-hoc solutions (such as individual spreadsheets) unnecessary.
Max-Insight is a suite of tools that is offered by MaxVal for patent professionals. The tools are designed to help with routine tasks that can consume a lot of a patent professional’s time.
MaxVal Annuity Payer was launched in 2014 with the goal of providing complete transparency on annuity payment fees, as well as simplified workflow and excellent service.