CASE STUDY Global Oil and Gas Company | United States
Audit of Existing IP Management Technology Results in $420K in Annual Savings
Client Need
Audit the functionality of the existing IP Business Management (IPBM) technology to justify its $300K annual license cost:
- Assess current processes.
- Identify opportunities to streamline workflows.
- Explore new usage areas to save on time, costs, and resources.
Client Solutions
- Interview stakeholders using PracticeView™ assessment and transformation methodology tounderstand current processes and technology utilization.
- Review the highest volume processes to identify improvement opportunities.
- Provide recommendations to terminate or better utilize underused technology and automate 13 of 20 steps.
- Redeploy resources for enhanced portfolio management and IP operations.
Why Epiq
- Over 20 years of experience in global IP management projects.
- Team of lawyers and legal operations professionals specializing in IPBM.
Results and Benefits
Delivered an actionable improvement plan in three months.
Achieved a 75% reduction in cycle times by automating manual review processes.
Saved $150K annually by updating the global patent filing strategy.