# Best Intellectual Property Management Software - Page 5

*By [Neya Kumaresan](https://research.g2.com/insights/author/neya-kumaresan)*


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






## 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)


## How Many Intellectual Property Management Software Products Does G2 Track?
**Total Products under this Category:** 156

### Category Stats (Jul 2026)
- **Average Rating**: 4.47/5 (↑0.01 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 22, 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
- 156+ 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.


---

**Sponsored**

### IamIP Platform

IamIP combines AI precision with structured collaboration to streamline patent review through automation and clear workflows. It helps teams identify and evaluate third-party patent rights, reduce uncertainty, and bring clarity to complex information — resulting in lower risk, greater efficiency, and more confident strategic decisions. The intuitive interface makes it easy to visualize relationships within and across patent families, so you can quickly understand how protection evolves and where risks or opportunities emerge. By digitizing and structuring your patent processes, manual work is reduced, saving both time and costs across the entire IP lifecycle. Built-in AI capabilities further accelerate analysis by simplifying complex documents, organizing large patent sets, and revealing how protection changes across patent families. This allows professionals to focus on strategy and decision-making instead of manual review.



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---

## What Are the Top-Rated Intellectual Property Management Software Products in 2026?
### 1. [Ipendo](https://www.g2.com/products/ipendo/reviews)
Ipendo is an IP management platform that enable organisations of large or small to seamlessly collaborate and work in partnership with their internal and external stakeholders.



**Who Is the Company Behind Ipendo?**

- **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






### 2. [IP Forecaster](https://www.g2.com/products/prokurio-ip-forecaster/reviews)
IP Forecaster enables organizations to forecast application, prosecution and maintenance costs for patents, trademarks and designs. Users are able to estimate costs for national and international filings, and compare costs across different filing strategies. IP Forecaster comes with a standard set of fees for PTOs globally, as well as average fees for professional services such as filing applications and responding to office actions. Clients can also add their own fees.



**Who Is the Company Behind IP Forecaster?**

- **Seller:** [Prokurio](https://www.g2.com/sellers/prokurio)
- **HQ Location:** N/A
- **LinkedIn® Page:** https://www.linkedin.com/company/No-Linkedin-Presence-Added-Intentionally-By-DataOps (1 employees on LinkedIn®)






### 3. [IP Manager](https://www.g2.com/products/ip-manager/reviews)
IP Manager is a comprehensive software solution designed to streamline the management of intellectual property (IP) assets within organizations. It serves as a centralized platform for tracking, organizing, and safeguarding various IP elements, including patents, trademarks, copyrights, and trade secrets. By integrating legal, technical, and business information, IP Manager facilitates efficient oversight and strategic decision-making regarding a company's intellectual property portfolio.



**Who Is the Company Behind IP Manager?**

- **Seller:** [Verify](https://www.g2.com/sellers/verify)
- **Year Founded:** 2024
- **HQ Location:** Amsterdam, NL
- **LinkedIn® Page:** https://www.linkedin.com/company/trustverify (9 employees on LinkedIn®)






### 4. [iPNOTE](https://www.g2.com/products/ipnote/reviews)
iPNOTE’s global digital platform helps businesses to protect and manage intellectual property online in a cheap, fast, and easy way.



**Who Is the Company Behind iPNOTE?**

- **Seller:** [iPNOTE](https://www.g2.com/sellers/ipnote)
- **Year Founded:** 2022
- **HQ Location:** San Francisco, US
- **LinkedIn® Page:** https://www.linkedin.com/company/ipnote (26 employees on LinkedIn®)






### 5. [IP-Org](https://www.g2.com/products/ip-org/reviews)
IP-Org is a patent management platform that brings lawyers, clients, and foreign associates on a single platform. IP-Org provides solutions for IDS, Docketing, Team, Task & Document Management and invoicing. IP-Org Features - SYNC WITH PTO - TIME AND COST SAVING - SYNC CALENDAR - SINGLE SIGN IN - REPORTS - WORKFLOW MANAGEMENT - CLOUD STORAGE - EASY TRANSFER - PATENTS AND TRADEMARKS - EMAIL MANAGEMENT - 24X7 SUPPORT - QUICK SEARCH - CLIENT LIST - REMOTE ACCESS - TEAM MANAGEMENT - INVOICE TRACKING - AWS CLOUD SECURITY - AUTOMATED IP DOCKETING - MULTI FACTOR AUTHENTICATION - PTO FORMS AND TEMPLATES - COMPETITORS PATENT WATCH - TASK MANAGEMENT - ACTIVITY LOG - REVIEW CLAIMS IN EACH COUNTRY - AI AUTOMATION - AVOID REDUNDANCY - MEETING AGENDA - CLIENTS, LAWYERS AND FOREIGN ASSOCIATES - TIME TRACKING - REAL TIME NOTIFICATIONS - FILE SHARING - EASY TO ADAPT



**Who Is the Company Behind IP-Org?**

- **Seller:** [IP Simplified](https://www.g2.com/sellers/ip-simplified)
- **HQ Location:** Alexandria, US
- **LinkedIn® Page:** https://www.linkedin.com/company/ipsimplified (5 employees on LinkedIn®)






### 6. [IP Shark](https://www.g2.com/products/ip-shark/reviews)
IP Shark is an automated intellectual property protection platform that specializes in the monitoring and enforcement of counterfeit products, intellectual property infringements, and MAP violations - across the world wide web. Because our technology is completely automated, IP Shark enables any size business to protect their IP and brand’s integrity at an affordable and cost-effective rate.



**Who Is the Company Behind IP Shark?**

- **Seller:** [IP Shark](https://www.g2.com/sellers/ip-shark)
- **Year Founded:** 2014
- **HQ Location:** N/A
- **Twitter:** @IPShark (8 Twitter followers)
- **LinkedIn® Page:** https://www.linkedin.com/company/ip-shark (11 employees on LinkedIn®)






### 7. [ipSolis](https://www.g2.com/products/ipsolis/reviews)

**Who Is the Company Behind ipSolis?**

- **Seller:** [XenPool](https://www.g2.com/sellers/xenpool)
- **HQ Location:** N/A
- **LinkedIn® Page:** https://www.linkedin.com/company/No-Linkedin-Presence-Added-Intentionally-By-DataOps (1 employees on LinkedIn®)






### 8. [IPWAYZ Rover](https://www.g2.com/products/ipwayz-rover/reviews)
IPWayzTM Rover is a comprehensive integrated IP Assets Strategic Management system. It serves as a one-stop-shop for managing all types of IP's and accelerates the IP Assets Strategic Management.



**Who Is the Company Behind IPWAYZ Rover?**

- **Seller:** [VajraSoft](https://www.g2.com/sellers/vajrasoft)
- **HQ Location:** N/A
- **LinkedIn® Page:** http://www.linkedin.com/company/vajrasoft-inc. (3 employees on LinkedIn®)






### 9. [IPwe Smart Intangible Asset Management](https://www.g2.com/products/ipwe-smart-intangible-asset-management/reviews)
SIAM is IPwe's AI and blockchain powered SaaS IP management strategy terminal, providing the data, analytics, indices, and value realization necessary to manage and convert IP into a more valuable business asset for the digital world.



**Who Is the Company Behind IPwe Smart Intangible Asset Management?**

- **Seller:** [IPwe](https://www.g2.com/sellers/ipwe)
- **Year Founded:** 2018
- **HQ Location:** N/A
- **Twitter:** @ipwe_ (4,542 Twitter followers)
- **LinkedIn® Page:** https://www.linkedin.com/company/ipwe-com/ (2 employees on LinkedIn®)






### 10. [JSK IP Suite](https://www.g2.com/products/jsk-ip-suite/reviews)
JSK IP Suite is a true and total IP Management software, unlike other record management, office management and docketing systems. Trademark and patents have their specific business logic and has to undergo the process as mentioned in the respective laws.



**Who Is the Company Behind JSK IP Suite?**

- **Seller:** [JSK Software](https://www.g2.com/sellers/jsk-software)
- **Year Founded:** 1998
- **HQ Location:** Ahmedabad, IN
- **LinkedIn® Page:** https://www.linkedin.com/company/jsk-software (14 employees on LinkedIn®)






### 11. [Jurivox Intellectual Property Edition](https://www.g2.com/products/jurivox-intellectual-property-edition/reviews)
Jurivox IP management system is a completely integrated and powerful solution.



**Who Is the Company Behind Jurivox Intellectual Property Edition?**

- **Seller:** [MiO](https://www.g2.com/sellers/mio-21c10879-886b-4e3f-bc70-f4a4345f8610)
- **HQ Location:** New York, New York, United States
- **LinkedIn® Page:** https://www.linkedin.com/company/mio-partners-inc-/ (351 employees on LinkedIn®)






### 12. [KSS TechTracS](https://www.g2.com/products/kss-techtracs/reviews)
KSS TechTracS is an innovation management system that enables an you to manage your innovation supply cahin including research management, technology & intellectual property management, and agreement management.



**Who Is the Company Behind KSS TechTracS?**

- **Seller:** [Knowledge Sharing Systems](https://www.g2.com/sellers/knowledge-sharing-systems)
- **Year Founded:** 1997
- **HQ Location:** N/A
- **LinkedIn® Page:** https://www.linkedin.com/company/knowledge-sharing-systems (11 employees on LinkedIn®)






### 13. [lawpanel](https://www.g2.com/products/lawpanel/reviews)
LawPanel is a next generation platform and the best way to manage IP records and matters. Legacy IP databases are clunky, inefficient and dumb. So processes are manual, repetitive and unresponsive. In contrast LawPanel is modern, open and collaborative platform. We use data and algorithms to automate routine tasks and and smarter work flows to increase productivity and responsiveness. And with shared workspaces it's easier for law firms, clients and third parties to work together.



**Who Is the Company Behind lawpanel?**

- **Seller:** [lawpanel](https://www.g2.com/sellers/lawpanel)
- **Year Founded:** 2016
- **HQ Location:** Kensington, GB
- **Twitter:** @LawPanel (438 Twitter followers)
- **LinkedIn® Page:** https://www.linkedin.com/company/lawpanel/ (4 employees on LinkedIn®)






### 14. [MikeIP Suite](https://www.g2.com/products/mikeip-suite/reviews)
MikeIP Suite allows IP lawyers and firms to automate trademark public search, journal watch and management of their portfolio from a single dashboard. It even allows users to stay informed for status and deadline updates. Besides, they get weekly infringement analysis from the newly published trademark journal and ability to create and share report from the dashboard itself among other features.



**Who Is the Company Behind MikeIP Suite?**

- **Seller:** [Mikelegal](https://www.g2.com/sellers/mikelegal-413edf2c-9c6a-4677-bece-3b5f33f82712)
- **Year Founded:** 2017
- **HQ Location:** Gurgaon, IN
- **LinkedIn® Page:** https://www.linkedin.com/company/mikelegal/ (36 employees on LinkedIn®)






### 15. [NetDocket](https://www.g2.com/products/netdocket/reviews)
NetDocket is a way to manage your intellectual property portfolio and is designed for owners and attorneys who want a secure, easy access to matter data without server or client-side applications.



**Who Is the Company Behind NetDocket?**

- **Seller:** [PerfectLaw Software](https://www.g2.com/sellers/perfectlaw-software)
- **Year Founded:** 1979
- **HQ Location:** Miami, FL
- **Twitter:** @PerfectLaw (98 Twitter followers)
- **LinkedIn® Page:** https://www.linkedin.com/company/1155568/ (27 employees on LinkedIn®)






### 16. [Oposto](https://www.g2.com/products/oposto/reviews)

**Who Is the Company Behind Oposto?**

- **Seller:** [Oposto](https://www.g2.com/sellers/oposto)
- **Year Founded:** 2025
- **HQ Location:** N/A
- **LinkedIn® Page:** https://www.linkedin.com/company/oposto/ (1 employees on LinkedIn®)






### 17. [Otto IP™](https://www.g2.com/products/otto-ip/reviews)
Otto IP™ is an Intellectual Property (IP) Gen AI tool built by seasoned IP attorneys for patent law that can be used for over 70 IP law tasks for improved efficiency and accuracy. This intuitive, attorney-built solution acts as a virtual associate, designed to deliver consistent accuracy based on a thorough understanding of IP law, statutes, regulations, decisions, and the Manual of Patent Examining Procedure (MPEP). The platform is designed to revolutionize the patent workflow, helping users accelerate legal research and document creation. It allows IP professionals to select from a library of guided skills for various tasks or create their own customized skills and smart templates called "Blueprints". This functionality allows attorneys to streamline their work, from drafting complex patent claims and applications to analyzing nuanced legal arguments for Office Action responses and litigation strategy. Crucially, Otto IP™ is engineered with a focus on maximum security and compliance. It operates in a secure, closed environment, utilizing U.S.-based servers and guaranteed zero data retention, ensuring client data is not used to train the models. For a legal team, this secure, attorney-built expertise multiplies productive capacity with consistent, high-quality work products. Otto IP™ provides specific value by helping legal teams reduce manual effort in tasks like document collection and efficiently reviewing patents against competitor literature. With the optional Otto IP™ Word® Add-In, users can also integrate the platform directly within Microsoft Word to streamline patent preparation and prosecution processes, including antecedent basis checking of patent claims.



**Who Is the Company Behind Otto IP™?**

- **Seller:** [BlackHills AI](https://www.g2.com/sellers/blackhills-ai)
- **HQ Location:** Minneapolis, MN
- **LinkedIn® Page:** https://www.linkedin.com/company/No-Linkedin-Presence-Added-Intentionally-By-DataOps (1 employees on LinkedIn®)
- **Phone:** (612) 354-8473






### 18. [Paravant](https://www.g2.com/products/paravant/reviews)
Paravant is a trademark docketing solution designed to help law firms manage intellectual property matters more efficiently. It automatically imports USPTO applications and registrations directly from incoming USPTO emails, eliminating manual data entry. Deadlines and case statuses update automatically. The platform sends client reminders via email, SMS, WhatsApp, and mail, with customizable notification settings, and provides clients with a secure portal to view all their trademarks in one centralized location. Emails are sent from the firm’s own domain to improve deliverability. Paravant includes AI tools for drafting emails, generating assignments, and identifying trademarks. It integrates with Zapier to automate reminders, alerts, and workflows, including phone calls, mail delivery, and internal team messaging. The software can import complete dockets from USPTO emails and includes preconfigured defaults for fast onboarding. It also generates lists of unrepresented applicants facing office actions or oppositions to support targeted outreach.



**Who Is the Company Behind Paravant?**

- **Seller:** [Paravant Systems](https://www.g2.com/sellers/paravant-systems)
- **HQ Location:** N/A
- **LinkedIn® Page:** https://www.linkedin.com/company/No-Linkedin-Presence-Added-Intentionally-By-DataOps (1 employees on LinkedIn®)






### 19. [Patentcam](https://www.g2.com/products/patentcam/reviews)
he best way to beat your competition is to know them. Our patent management software, PatentCAM, lets you analyze patent search results, mitigate legal risk, determine marketability and create what’s never been seen before.



**Who Is the Company Behind Patentcam?**

- **Seller:** [IP Checkups](https://www.g2.com/sellers/ip-checkups)
- **Year Founded:** 2004
- **HQ Location:** Berkeley, US
- **LinkedIn® Page:** https://www.linkedin.com/company/263694 (5 employees on LinkedIn®)






### 20. [Patent Cockpit](https://www.g2.com/products/patent-cockpit/reviews)
An IP management software solution to help you make and track strategic decisions. Manage your patents, utility models, trademarks and inventions. See with a few clicks your financial forecast. Track which products are protected by which patents. Impress your peers with stunning graphs.



**Who Is the Company Behind Patent Cockpit?**

- **Seller:** [Patent Cockpit](https://www.g2.com/sellers/patent-cockpit)
- **Year Founded:** 2021
- **HQ Location:** Basel, CH
- **LinkedIn® Page:** http://www.linkedin.com/company/artemis-ipm (1 employees on LinkedIn®)






### 21. [PatentFlare](https://www.g2.com/products/patentflare/reviews)
AI-Powered Infringement Claim Charting: Generate defensible, citation-grounded patent claim charts in minutes. Every mapping backed by verbatim excerpts from your source documents.



**Who Is the Company Behind PatentFlare?**

- **Seller:** [PatentFlare](https://www.g2.com/sellers/patentflare)
- **HQ Location:** N/A
- **LinkedIn® Page:** https://www.linkedin.com/company/No-Linkedin-Presence-Added-Intentionally-By-DataOps (1 employees on LinkedIn®)






### 22. [PatentHunter](https://www.g2.com/products/patenthunter/reviews)
PatentHunter is a software program that helps patent attorneys, businesses and inventors search, download, and manage USA patents and published patent applications.



**Who Is the Company Behind PatentHunter?**

- **Seller:** [PatentHunter](https://www.g2.com/sellers/patenthunter)
- **HQ Location:** N/A
- **LinkedIn® Page:** https://www.linkedin.com/company/No-Linkedin-Presence-Added-Intentionally-By-DataOps (1 employees on LinkedIn®)






### 23. [Patent Prosecution Automation](https://www.g2.com/products/patent-prosecution-automation/reviews)
Powerful, Intelligent Software for Automated Patent Filings



**Who Is the Company Behind Patent Prosecution Automation?**

- **Seller:** [Temburi](https://www.g2.com/sellers/temburi)
- **Year Founded:** 2017
- **HQ Location:** New York City, US
- **LinkedIn® Page:** https://www.linkedin.com/company/temburi/about (2 employees on LinkedIn®)






### 24. [Patent Pruning](https://www.g2.com/products/patent-pruning/reviews)
Patent Pruning by Patlytics is an AI-powered solution designed to optimize patent portfolio management by identifying and prioritizing high-value assets while pinpointing low-value patents for potential pruning. This tool enables organizations to efficiently manage their intellectual property by providing insights into which patents to maintain, monetize, enforce, license, or abandon.



**Who Is the Company Behind Patent Pruning?**

- **Seller:** [Patlytics](https://www.g2.com/sellers/patlytics)
- **Year Founded:** 2024
- **HQ Location:** New York, US
- **LinkedIn® Page:** http://www.linkedin.com/company/patlytics (63 employees on LinkedIn®)






### 25. [PatentWizard](https://www.g2.com/products/patentwizard/reviews)
PatentWizard is a software program designed to assist inventors in drafting and filing provisional patent applications and will assist you in writing like a patent attorney if you're dedicated to writing your own patent.



**Who Is the Company Behind PatentWizard?**

- **Seller:** [PatentWizard](https://www.g2.com/sellers/patentwizard)
- **HQ Location:** N/A
- **Twitter:** @PatentWizard (4 Twitter followers)
- **LinkedIn® Page:** https://www.linkedin.com/company/No-Linkedin-Presence-Added-Intentionally-By-DataOps (1 employees on LinkedIn®)







## What Is Intellectual Property Management Software?

[Legal Software](https://www.g2.com/categories/legal)

## What Software Categories Are Similar to Intellectual Property Management Software?

- [Patent Research Software](https://www.g2.com/categories/patent-research)


---

## 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.