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.
MaxVal, a leading IP management solution provider is pleased to announce the public launch of SymphonyIAM — its new cloud-based intellectual asset management platform.
Intellectual Property Management can be exciting and rewarding but can also be very unforgiving if you don’t do it right. There are some mistakes that can be extremely costly, but are, unfortunately, easy for an IP Manager to make. These mistakes can cause your company to lose its IP rights and can result in competitors getting those rights.
For rapidly growing innovative companies, intellectual assets (patents, trademarks, copyrights and trade secrets) are the ultimate source of competitive advantage. These assets usually underpin the company’s valuation and must be managed carefully. The person responsible for managing the IP portfolio must orchestrate and coordinate activities of inventors, outside counsel, in-house IP operations staff and external service providers. At MaxVal, we see our clients’ IP managers struggle with juggling docketing systems, spreadsheets and patent workflow management in general. As the number of patent applications and foreign filings grow, keeping track and being able to report on status becomes a significant problem.