# Best Intellectual Property Management Software - Page 3

## How Many Intellectual Property Management Software Products Does G2 Track?

**Total Products under this Category:** 157

### Category Stats (Jul 2026)

- **Average Rating:** 4.48/5 (↑0.02 vs Jun 2026) The average rating of products in this category, based on all submitted ratings
- **Top Trending Product:** Thales Sentinel Software Monetization Platform (+0.31%) - Among all products in this category, Thales Sentinel Software Monetization Platform recorded the largest rating increase compared to last month

_Last updated: July 25, 2026_

## How Does G2 Rank Intellectual Property Management Software Products?

**Why You Can Trust G2's Software Rankings:**

- 30 Analysts and Data Experts
- 1,000+ Authentic Reviews
- 157+ Products
- Unbiased Rankings

G2's software rankings are built on verified user reviews, rigorous moderation, and a consistent research methodology maintained by a team of analysts and data experts. Each product is measured using the same transparent criteria, with no paid placement or vendor influence. While reviews reflect real user experiences, which can be subjective, they offer valuable insight into how software performs in the hands of professionals. Together, these inputs power the G2 Score, a standardized way to compare tools within every category.

## G2 Grid® for Intellectual Property Management Software
 ![G2 Grid® for Intellectual Property Management Software plotting products by satisfaction and market presence](https://www.g2.com/categories/intellectual-property-management/grids.png?focus%5B%5D=103186&focus%5B%5D=7836&focus%5B%5D=45710&focus%5B%5D=59318&focus%5B%5D=124153&focus%5B%5D=7823&focus%5B%5D=7640&focus%5B%5D=128213)

Highlighted products: Corsearch Brand Protection, PATTSY WAVE, Thales Sentinel Software Monetization Platform, PatentRenewal.com, TIP Tool, IPfolio, AppColl, and IPM Suite.

Underlying data: [Grid® JSON](https://www.g2.com/categories/intellectual-property-management/grids.json?focus%5B%5D=corsearch-brand-protection&focus%5B%5D=pattsy-wave&focus%5B%5D=thales-sentinel-software-monetization-platform&focus%5B%5D=patentrenewal-com-patentrenewal-com&focus%5B%5D=tip-tool&focus%5B%5D=ipfolio&focus%5B%5D=appcoll&focus%5B%5D=ipm-suite)

**Sponsored**

### Axomo Swag Management Platform

Axomo is a swag management and employee rewards platform built for modern, distributed teams. Designed to support remote workforces, multi-location organizations, and mission-driven companies, Axomo helps businesses deliver branded merchandise that employees actually want: without waste, complexity, or brand inconsistency. By combining on-demand production, centralized logistics, and employee choice, Axomo turns corporate gifting into a meaningful, scalable tool for recognition, engagement, and brand impact. What Axomo Does Best: Centralized swag management: Axomo simplifies the entire swag lifecycle—from product selection to fulfillment—through one centralized platform. Teams can manage branding, budgets, inventory, and distribution across departments and locations with ease. Employee choice & inclusivity: Axomo empowers employees to choose swag that fits their personal style and preferences. This employee-driven approach leads to higher engagement, reduced waste, and a stronger return on branded merchandise investments. On-demand production & sustainability: With on-demand ordering, items are produced only when needed. This eliminates excess inventory, reduces waste, and ensures swag dollars are spent intentionally—supporting both sustainability goals and smarter budgeting. Streamlined fulfillment & logistics: Axomo offers integrated warehousing and fulfillment, making it easy to distribute swag to remote employees, field teams, and multiple office locations without manual coordination. Brand consistency & visibility: Centralized brand controls ensure all merchandise meets brand standards, while logo management simplifies approvals and updates across teams. Data-driven insights: Built-in analytics provide visibility into spending, engagement, and product performance. Teams can track participation, understand employee preferences, and continuously optimize their rewards strategy. Key Features On-demand production to reduce waste Automated recurring store credit or points Budget tracking across teams and departments Warehousing and bulk savings options Employee-driven product catalogs HRIS integrations User engagement and adoption reporting Centralized logo and brand management Product quality guarantee Dedicated customer support and guided onboarding Why Customers Choose Axomo Axomo is ideal for organizations that care about sustainability, efficiency, and employee experience. By combining flexibility for employees with control for administrators, Axomo helps companies build stronger cultures, improve engagement, and scale gifting programs with confidence.

[Visit website](https://www.g2.com/external_clickthroughs/record?secure%5Bad_program%5D=ppc&secure%5Bad_slot%5D=category_product_list&secure%5Bcategory_id%5D=355&secure%5Bchosen_at%5D=2026-07-28T07%3A55%3A52Z&secure%5Bdisplayable_resource_id%5D=1946&secure%5Bdisplayable_resource_type%5D=Category&secure%5Bmedium%5D=sponsored&secure%5Bplacement_reason%5D=retargeted_product&secure%5Bplacement_resource_ids%5D%5B%5D=104579&secure%5Bprioritized%5D=false&secure%5Bproduct_id%5D=104579&secure%5Bresource_id%5D=355&secure%5Bresource_type%5D=Category&secure%5Bsource_type%5D=category_page&secure%5Bsource_url%5D=https%3A%2F%2Fwww.g2.com%2Fcategories%2Fintellectual-property-management%3Fpage%3D3&secure%5Btoken%5D=65faffe07794a92adf5d9aea9309a520e86da68ca7233902ce36d8b0f7c3af34&secure%5Burl%5D=https%3A%2F%2Faxomo.com%2Fbook-a-demo-now%2F&secure%5Burl_type%5D=book_demo)

### [Tangibly](https://www.g2.com/products/tangibly/reviews)

Tangibly is a SaaS platform with consulting services that helps companies manage and protect their trade secrets such as algorithms, chemical processes, and client lists. These assets are often a company’s most valuable intellectual property. Unlike patents, trade secrets require active and ongoing management. Tangibly provides tools to catalog and track assets, manage access and legal agreements, and educate employees and partners. The platform improves trade secret discovery, strengthens IP security, and supports litigation and compliance.

**Average Rating:** 5.0/5.0

**Total Reviews:** 3

#### How Do G2 Users Rate Tangibly?

- **Has the product been a good partner in doing business?:** 10.0/10 (Category avg: 9.1/10)
- **Ease of Use:** 10.0/10 (Category avg: 8.6/10)
- **Ease of Admin:** 10.0/10 (Category avg: 8.6/10)
- **Quality of Support:** 10.0/10 (Category avg: 8.8/10)

#### Who Is the Company Behind Tangibly?

- **Seller:** [Tangibly](https://www.g2.com/sellers/tangibly)
- **Year Founded:** 2021
- **HQ Location:** Seattle, US
- **LinkedIn® Page:** https://www.linkedin.com/company/tangiblyinc/ (12 employees on LinkedIn®)

#### Who Uses This Product?

- **Company Size:** 67% Medium, 33% Small

#### What Are Recent G2 Reviews of Tangibly?

**["The most compelling trade secret platform"](https://www.g2.com/survey_responses/tangibly-review-9748803)**

**Rating:** 5.0/5.0 stars

_— Matthew W._

[Read full review](https://www.g2.com/survey_responses/tangibly-review-9748803)

**["An essential platform for Trade Secrets, but does so much more!"](https://www.g2.com/survey_responses/tangibly-review-9772361)**

**Rating:** 5.0/5.0 stars

_— Martin Z._

[Read full review](https://www.g2.com/survey_responses/tangibly-review-9772361)

### [CompuMark™](https://www.g2.com/products/compumark/reviews)

CompuMark enables trademark professionals worldwide to launch, expand and protect strong brands through unmatched global content, innovative tools, industry-leading expertise, and best-in-class service.

**Average Rating:** 4.3/5.0

**Total Reviews:** 2

#### Who Is the Company Behind CompuMark™?

- **Seller:** [Clarivate](https://www.g2.com/sellers/clarivate)
- **Year Founded:** 2001
- **HQ Location:** London, England
- **Twitter:** @clarivate (20,676 Twitter followers)
- **LinkedIn® Page:** https://www.linkedin.com/company/10950962/ (11,373 employees on LinkedIn®)
- **Ownership:** Clarivate

#### Who Uses This Product?

- **Company Size:** 50% Small, 50% Large

#### What Are Recent G2 Reviews of CompuMark™?

**["Beautiful tool for trademark professionals"](https://www.g2.com/survey_responses/compumark-review-5219483)**

**Rating:** 4.5/5.0 stars

_— Chethan S._

[Read full review](https://www.g2.com/survey_responses/compumark-review-5219483)

**["CompuMark : A monitoring tool for trademark"](https://www.g2.com/survey_responses/compumark-review-5232241)**

**Rating:** 4.0/5.0 stars

_— SHASHANK M._

[Read full review](https://www.g2.com/survey_responses/compumark-review-5232241)

### [GreyB IDS Manager](https://www.g2.com/products/greyb-ids-manager/reviews)

What is so ‘smart’ about the GreyB's IDS Management system? 1. Integrates with your existing docketing systems. 2. Automated suggestions of cross – citations and references 3. Automated bibliographic details and PDF of all the references 4. Automated translation for the Non-English references/NPL 5. Timely Alerts for the Applications for which IDS have not been filed ∞. And lot more....

**Average Rating:** 5.0/5.0

**Total Reviews:** 2

#### How Do G2 Users Rate GreyB IDS Manager?

- **Ease of Use:** 10.0/10 (Category avg: 8.6/10)
- **Quality of Support:** 10.0/10 (Category avg: 8.8/10)

#### Who Is the Company Behind GreyB IDS Manager?

- **Seller:** [GreyB Services](https://www.g2.com/sellers/greyb-services)
- **Year Founded:** 2007
- **HQ Location:** Singapore, SG
- **LinkedIn® Page:** https://www.linkedin.com/company/greyb (559 employees on LinkedIn®)

#### Who Uses This Product?

- **Company Size:** 50% Small, 50% Medium

#### What Are Recent G2 Reviews of GreyB IDS Manager?

**["Great tool for IDS Management"](https://www.g2.com/survey_responses/greyb-ids-manager-review-11171886)**

**Rating:** 5.0/5.0 stars

_— 冰 ._

[Read full review](https://www.g2.com/survey_responses/greyb-ids-manager-review-11171886)

**["Best software to create and manage IDS for US patent applications"](https://www.g2.com/survey_responses/greyb-ids-manager-review-7473980)**

**Rating:** 5.0/5.0 stars

_— Qian G._

[Read full review](https://www.g2.com/survey_responses/greyb-ids-manager-review-7473980)

### [LexisNexis Intellectual Property Resources](https://www.g2.com/products/lexisnexis-intellectual-property-resources/reviews)

Access the broadest, deepest collection of IP resources available from a single source, from comprehensive prior art databases to authoritative analytical resources and beyond.

**Average Rating:** 4.3/5.0

**Total Reviews:** 2

#### How Do G2 Users Rate LexisNexis Intellectual Property Resources?

- **Ease of Use:** 10.0/10 (Category avg: 8.6/10)
- **Quality of Support:** 6.7/10 (Category avg: 8.8/10)

#### Who Is the Company Behind LexisNexis Intellectual Property Resources?

- **Seller:** [LexisNexis](https://www.g2.com/sellers/lexisnexis)
- **Year Founded:** 1970
- **HQ Location:** New York
- **Twitter:** @NexisSolutions (1,258 Twitter followers)
- **LinkedIn® Page:** https://www.linkedin.com/company/lexisnexis/ (9,695 employees on LinkedIn®)

#### Who Uses This Product?

- **Company Size:** 50% Small, 50% Medium

#### What Are Recent G2 Reviews of LexisNexis Intellectual Property Resources?

**["Easy Access to Information"](https://www.g2.com/survey_responses/lexisnexis-intellectual-property-resources-review-895373)**

**Rating:** 4.5/5.0 stars

_— Verified User in Law Practice_

[Read full review](https://www.g2.com/survey_responses/lexisnexis-intellectual-property-resources-review-895373)

**["A powerful and dynamic tool for estate planning and trusts"](https://www.g2.com/survey_responses/lexisnexis-intellectual-property-resources-review-8242347)**

**Rating:** 4.0/5.0 stars

_— Genevieve F._

[Read full review](https://www.g2.com/survey_responses/lexisnexis-intellectual-property-resources-review-8242347)

### [LexisNexis Patent Advisor](https://www.g2.com/products/lexisnexis-patent-advisor/reviews)

Use of patent analytics for strategic patent prosecution. Start with patent examiner allowance rates and time lines and grow with a suite of prosecution tools that drive material efficiencies.

**Average Rating:** 4.5/5.0

**Total Reviews:** 2

#### How Do G2 Users Rate LexisNexis Patent Advisor?

- **Has the product been a good partner in doing business?:** 8.3/10 (Category avg: 9.1/10)
- **Ease of Use:** 6.7/10 (Category avg: 8.6/10)
- **Ease of Admin:** 10.0/10 (Category avg: 8.6/10)
- **Quality of Support:** 8.3/10 (Category avg: 8.8/10)

#### Who Is the Company Behind LexisNexis Patent Advisor?

- **Seller:** [LexisNexis](https://www.g2.com/sellers/lexisnexis)
- **Year Founded:** 1970
- **HQ Location:** New York
- **Twitter:** @NexisSolutions (1,258 Twitter followers)
- **LinkedIn® Page:** https://www.linkedin.com/company/lexisnexis/ (9,695 employees on LinkedIn®)

#### Who Uses This Product?

- **Company Size:** 100% Small

#### What Are Recent G2 Reviews of LexisNexis Patent Advisor?

**["Happy User"](https://www.g2.com/survey_responses/lexisnexis-patent-advisor-review-5243284)**

**Rating:** 5.0/5.0 stars

_— Verified User in Legal Services_

[Read full review](https://www.g2.com/survey_responses/lexisnexis-patent-advisor-review-5243284)

**["Helping Patients get Info Quicker."](https://www.g2.com/survey_responses/lexisnexis-patent-advisor-review-8236002)**

**Rating:** 4.0/5.0 stars

_— Kathleen M._

[Read full review](https://www.g2.com/survey_responses/lexisnexis-patent-advisor-review-8236002)

### [phpIP](https://www.g2.com/products/phpip/reviews)

phpIP is a web tool developed by Omnipat for managing an IP rights portfolio, especially patents. It is intended to satisfy most needs of an IP law firm. The tool was designed to be flexible and simple to use. It is based on an Apache-MySQL-PHP framework.

**Average Rating:** 5.0/5.0

**Total Reviews:** 2

#### How Do G2 Users Rate phpIP?

- **Ease of Use:** 10.0/10 (Category avg: 8.6/10)
- **Quality of Support:** 9.2/10 (Category avg: 8.8/10)

#### Who Is the Company Behind phpIP?

- **Seller:** [Omnipat](https://www.g2.com/sellers/omnipat)
- **Year Founded:** 1998
- **HQ Location:** Aix-en-Provence, FR
- **Twitter:** @omnipat (2 Twitter followers)
- **LinkedIn® Page:** https://www.linkedin.com/company/1925814 (3 employees on LinkedIn®)

#### Who Uses This Product?

- **Company Size:** 50% Small, 50% Medium

#### What Are Recent G2 Reviews of phpIP?

**["Good!!"](https://www.g2.com/survey_responses/phpip-review-854630)**

**Rating:** 5.0/5.0 stars

_— Verified User in Higher Education_

[Read full review](https://www.g2.com/survey_responses/phpip-review-854630)

**["PhpIp is one the best open source management application."](https://www.g2.com/survey_responses/phpip-review-5434397)**

**Rating:** 5.0/5.0 stars

_— Verified User in Information Technology and Services_

[Read full review](https://www.g2.com/survey_responses/phpip-review-5434397)

### [Pocket IP](https://www.g2.com/products/pocket-ip/reviews)

The one-stop-shop service for managing trademark portfolios worldwide. Easy and affordable trademark portfolio management – docket, search, monitor, and request actions with the trademarks in one place.

**Average Rating:** 5.0/5.0

**Total Reviews:** 2

#### How Do G2 Users Rate Pocket IP?

- **Has the product been a good partner in doing business?:** 10.0/10 (Category avg: 9.1/10)
- **Ease of Use:** 10.0/10 (Category avg: 8.6/10)
- **Ease of Admin:** 10.0/10 (Category avg: 8.6/10)
- **Quality of Support:** 10.0/10 (Category avg: 8.8/10)

#### Who Is the Company Behind Pocket IP?

- **Seller:** [Pocket IP OÜ](https://www.g2.com/sellers/pocket-ip-ou)
- **Year Founded:** 2021
- **HQ Location:** Kyiv, UA
- **LinkedIn® Page:** https://www.linkedin.com/company/pocket-ip (2 employees on LinkedIn®)

#### Who Uses This Product?

- **Company Size:** 100% Small

#### What Are Recent G2 Reviews of Pocket IP?

**["Docketing and managing IP objects"](https://www.g2.com/survey_responses/pocket-ip-review-8619515)**

**Rating:** 5.0/5.0 stars

_— Olena P._

[Read full review](https://www.g2.com/survey_responses/pocket-ip-review-8619515)

**["Great IP management service"](https://www.g2.com/survey_responses/pocket-ip-review-8605771)**

**Rating:** 5.0/5.0 stars

_— Ivan N._

[Read full review](https://www.g2.com/survey_responses/pocket-ip-review-8605771)

### [BlockchainyourIP](https://www.g2.com/products/blockchainyourip/reviews)

BlockchainyourIP is a desktop solution to simplify and automate the protection of your creations and innovations. Using the blockchain technology, protect your documents unlimitedly and internationally with a single click. No complicated forms, no renewals needed.

**Average Rating:** 4.5/5.0

**Total Reviews:** 1

#### How Do G2 Users Rate BlockchainyourIP?

- **Has the product been a good partner in doing business?:** 6.7/10 (Category avg: 9.1/10)
- **Ease of Use:** 6.7/10 (Category avg: 8.6/10)
- **Ease of Admin:** 6.7/10 (Category avg: 8.6/10)
- **Quality of Support:** 5.0/10 (Category avg: 8.8/10)

#### Who Is the Company Behind BlockchainyourIP?

- **Seller:** [BlockchainyourIP](https://www.g2.com/sellers/blockchainyourip)
- **Year Founded:** 2017
- **HQ Location:** Paris, FR
- **Twitter:** @blckchainyourip (403 Twitter followers)
- **LinkedIn® Page:** https://www.linkedin.com/company/blockchainyourip (6 employees on LinkedIn®)

#### Who Uses This Product?

- **Company Size:** 100% Medium

#### What Are Recent G2 Reviews of BlockchainyourIP?

**["Great Software to handle protection of Intellectual Property"](https://www.g2.com/survey_responses/blockchainyourip-review-7942774)**

**Rating:** 4.5/5.0 stars

_— Shreyas M._

[Read full review](https://www.g2.com/survey_responses/blockchainyourip-review-7942774)

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[Browse Intellectual Property Management Themes](/categories/intellectual-property-management/themes)

 ![Neya Kumaresan](/assets/transparent-ad5be28fbcd25b7b08d2cebe1d957125437fb5407d75ee717965ad22c8808791.gif "Neya Kumaresan")
NK

Researched and written by [Neya Kumaresan](https://research.g2.com/insights/author/neya-kumaresan)

Updated October 3, 2024

Intellectual property management software assists in the tracking of trademarks, copyrights, patents, and other intellectual property. Law firms and corporations utilize these tools to manage databases of trademarks, automate forms and correspondence for new and ongoing intellectual property ownership, and track possible violations of legal rights for subsequent prosecution. For law firms who manage designers, artists, inventors, and companies with patented products or services, intellectual property management software helps centralize up-to-date client information, license agreements, and opposition filings in a single repository. This software often integrates with [case management tools](https://www.g2.com/categories/legal-case-management) to streamline the lifecycle of intellectual property procurement and litigation. Some products in this category function solely as patent search engines or filing assistants.

To qualify for inclusion in the Intellectual Property Management category, a product must:

- Provide tools for managing trademarks, patents, and copyrights and related legal rights
- Assist in the intellectual property lifecycle, including filing for or renewing contracts, disclosure agreements, and processing payments from clients
- Offer one or more features related to legal disputes or enforcement actions involving clients’ intellectual property

Show More

* * *

## How Do You Choose the Right Intellectual Property Management Software?

### What You Should Know About Intellectual Property Management Software

### What is Intellectual Property Management Software?

Intellectual property management software (IPMS) helps companies and law firms manage their intellectual property (IP) portfolio and the legal entities designed to protect their IP, which includes trademarks, copyrights, and patents. Intellectual property management solutions centralize all IP-related tasks and act as docketing systems for IP filings. The tools have facilitated the shift from spreadsheets to comprehensive systems for patents, copyrights, and trademark management. Companies and law firms utilize IP management tools for IP docketing to file patent applications, construct IP workflows, streamline the process of sheathing an idea in legal protection, and store all documents related to the IP. 

For example, a company’s research and development department comes up with an idea they believe to be unique. The company would use IPMS to store documents related to the idea or invention and file for IP protection in the form of a copyright, trademark, or patent. The software will also deal with all tasks related to the management of the application and the storage of information related to the idea or invention once it gains legal protection. 

### What are the Common Features of Intellectual Property Management Software?

The following are some core features within intellectual property management software that can help users manage their IP portfolio:

**Document storage:** This software stores IP-related documents, including patent applications and invention-related information. 

**IP asset management:** IPMS acts as a repository for all assets related to the company or law firm’s intellectual property. 

**Automation:** IP management software automates repetitive manual processes and tasks, including pushing reminders and alerts related to application deadlines. 

**Docketing:** IPMS centralizes all intellectual property schedules, including key dates and statutory deadlines. The United States Patent and Trademark Office (USPTO) or equivalent patent-issuing body in a given country may take years to decide on a patent application. Companies with large IP portfolios and multiple applications use the docketing functionality in IP management solutions to hit deadlines and effectively deal with their IP application. 

**Task management:** This software feature assigns and tracks tasks related to patent, trademark, and copyright applications. 

**Reporting:** With this feature, IPMS produces pre-built reports using data housed in the IP management system. 

**Integrations:** This software integrates with other tools to provide end-to-end solutions for managing every step of the IP lifecycle. The most common integration is with patent search solutions, which help navigate databases of existing patents.  

**Client collaboration:** This feature provides client access, usually through a portal, so clients can have a real-time view of in-process applications and their IP status. 

### What are the Benefits of Intellectual Property Management Software?

The following are some of the benefits of intellectual property management software.

**Consolidate IP-related tasks:** IP management systems provide users with a single source of truth for all IP asset-related activities and documents. From docketing to document management to centralizing invention specifics, IP management solutions streamline the process of managing complex portfolios of diverse IP assets. 

**Increase efficiency:** IP management solutions help introduce efficiency into the IP portfolio management process. Multiple parties can collaborate within an IPMS, and workflows specific to the needs of a given company or law firm can help organize all IP assets and ensure a single-pane view of a portfolio or a specific application. 

**Boost client collaboration:** For law firms that manage IP applications for multiple clients, IPMS allows them to collaborate with those clients in real time and give them status updates, issuer requests for additional information, and close the gap between client and law firm so that all parties are pushing towards the same goal. In-house legal departments use IPMS to boost collaboration within their respective companies. 

### Who Uses Intellectual Property Management Software?

**Patent attorney:** Intellectual property lawyers, specifically patent attorneys,  use IP management software to handle their clients’ IP portfolios and effectively manage the application process for IP protections on behalf of their clients. 

**Inventors:** Inventors, people that create new intellectual property, use IP management software to track the status of their IP-protection applications and trademark portfolios. 

**Corporations:** Research and development personnel at companies utilize IP management solutions to handle their IP portfolios. These solutions are used in conjunction with patent research and analytics tools to provide an accurate picture of the current IP landscape. 

### Challenges with Intellectual Property Management Software

Software solutions can come with their own set of challenges. Here are a few related to intellectual property management software: 

**Integration:** IP management solutions need accurate data to improve the IP management process. A given IPMS may not have a robust set of pre-built integrations that fit with the technology stack at a law firm or a company. A prospective buyer should vet the native integrations within any potential solution to avoid difficulties related to incompatible systems. 

**Data security:** Data security, particularly for inventions and potential trademarks not yet protected by law, is vital for an IPMS. SaaS solutions must be managed carefully, and the attackable surface reduced and protected to protect valuable IP. 

### How to Buy Intellectual Property Management Software

#### Requirements Gathering (RFI/RFP) for Intellectual Property Management Software

Each company or law firm’s requirements list will look slightly different, but there is some core functionality that will remain the same. Docketing, workflows, and IP portfolio management should all be included in any IP management software solution. One of the major benefits of IP management software is streamlining IP-related workflows. To realize this particular benefit, prospective buyers should have a keen understanding of where and how a potential solution will fit into their existing tech stack, as well as how robust any integrations with patent databases are. Solutions with native integrations should float to the top of the list, while point solutions with limited interoperability should fall lower on any long list.

Certain IP management tools offer functionality above and beyond the core feature set that a buyer could expect to see in every solution in the category. Certain companies with a narrow target and a significant amount of research and development resources may value customizable analytics and reporting functionality more than others and should add that to the list of considerations. For law firms, client collaboration features, preferably in the form of single-pane, digestible dashboards, should be on the requirements list. 

#### Compare Intellectual Property Management Software Products

**Create a long list**

Prospective buyers of intellectual property management software should create a long list of potential candidates based on the list of requirements they’ve compiled. The long list should include solutions that meet all core criteria and tools that provide functionality above and beyond the core feature set.

**Create a short list**

The short list should include solutions that the selection team feels are genuine candidates for purchase. The infosec and data privacy teams should vet the list and consider all integrations at this stage. If a solution doesn’t play well with the existing tech stack, IP management may be more difficult. 

**Conduct demos**

The demo process should involve pre-built questions specific to the organization’s needs. If the team is going to be working with a dozen different clients simultaneously, the selection team should ask the demo to be set up to show how easy it is to manage those dozen portfolios within the tool. 

#### Selection of Intellectual Property Management Software

**Choose a selection team**

The selection team should be composed of people using the software, namely lawyers, paralegals, and research and development professionals within the organization. IT should be involved in the selection process to weigh in on the interoperability of the software and how to best integrate the tool into the company’s technology stack. 

**Final decision**

The final decision should be collaborative and take into account the size of the IP portfolio along with any intended growth, the types of users that will be using the software, the number of IP assets, the price point, and any interoperability considerations.