Wellspring IP Management Pricing, Features, Reviews & Comparison of Alternatives

Wellspring IP Management

Intellectual Property Management

4.67/5 (3 reviews)

Wellspring IP Management overview

What is Wellspring IP Management?

Wellspring IP Management is a cloud-based intellectual property management solution that helps small to large businesses capture and streamline processes for managing knowledge assets, trademarks, copyrights and patents. The centralized platform allows users to gain visibility into portfolios including details, events, maintenance fees, and more.

Key features of Wellspring IP Management include automated reports, status tracking, IP submissions, and licensing. The solution comes with an inventor portal, which enables businesses to source intellectual properties and streamline communications with inventors. Plus, users can receive alerts on new IP submissions and convert disclosure submissions into inventions after executing review and approval processes.

Wellspring IP Management provides visibility into all licensing operations such as tracking financial, as well as non-financial, terms, creating statements for licensing revenue, and more. Businesses can utilize the platform to automate processes for generating reminders, action items, docket reports, and more. It facilitates integration with several payment service providers, improving flow of transactions.
www.wellspring.com

Pricing

Pricing options
Subscription
Value for money
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Devices

Business size

S
M
L

Markets

United States, Canada

Supported languages

English
Wellspring IP Management screenshot: Wellspring IP Management manual process automationWellspring IP Management screenshot: Wellspring IP Management activity matrixWellspring IP Management screenshot: Wellspring IP Management submissions

Wellspring IP Management user reviews

Excellent
2

Very good
1

Average
0
Poor
0
Terrible
0
Value for money
Features
Ease of use
Customer support
  5.0
  4.3
  4.3
  5.0
Martin Haardt

More than a place to store information - "Sophia" as SOP and long-term institutional memory

Used daily for 2+ years
Reviewed 2019-10-12
Review Source: Capterra

We use Wellspring's "Sophia" IP Management software for all aspects of tech transfer and other important hospital agreements. It further allows all corporate staff to review and track their inventions, IP and agreements. As a system administrator, I have far-reaching permissions to adapt the software to our specific needs without being required to have the changes implemented by the provider.

Pros
One of the major factors for our decision of using Wellspring's "Sophia" IP Management software was the ease of use and the logic between the different modules of Intellectual Property Disclosures, management of IP, agreements encountered in tech transfer and financial record keeping. Further factors considered were the scaleability and the ease of adding other departments as user. Over time, "Sophia" keeps us on track in all tech-transfer matters, IP management and agreement processing. For us, the process setup acts as an SOP and "Sophia" has become our long-term institutional memory.

Cons
The software was, and still is, one of the most innovative and user-friendly software for IP management. We have no complaints.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Julie Dennis

Understanding the Database

Used daily for 2+ years
Reviewed 2019-10-14
Review Source: Capterra

The yearly User Group Meetings are helpful to meet the staff at Wellspring; having 1:1's and tutorials about specific questions or "how to's" during the update sessions; being able to network with others at the universities. Also the tech support has been great by arranging calls timely for discussing matters that occur.

Pros
The thing I noticed when learning about the software is how intuitive it is; for instance, it's easy to insert data such as emails and documents into a matter and functioning within the program, where to go for what. I think being able to add to the drop-down selections is important too, since the environment constantly changes in healthcare. The automated reminder about patent applications is a great feature as well.

Cons
Not having the type of document come up in the list when doing a search for linking to an agreement-type matter. That would be a very convenient function.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Robert Brummett

Great but needs improvment

Used daily for 2+ years
Reviewed 2020-11-19
Review Source: Capterra

I like it. Perhaps the best on the market... not just because of the software, but because of the support.

Pros
Well organized for a TTO (not commenting about financials functions since I'm not familiar with those). Decent query builder I like that SQL can be used for querying the database. Great support from Wellspring.

Cons
Its often very slow when looking up information. Needs a feature to search invention titles. Global search needs to be faster. Would be nice to be able to more easily add custom fields ourselves. A map of the database would be great to make querying via SQL easier.

Rating breakdown

Ease of use
Features
Customer support

Likelihood to recommend: 7/10

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Wellspring IP Management pricing

Pricing options
Subscription
View Pricing Plans

Contact Wellspring Worldwide for pricing details.

Wellspring IP Management features

Automatic Notifications
Contact Management
Document Management
Search Functionality

API (55 other apps)
Activity Dashboard (69 other apps)
Billing & Invoicing (70 other apps)
Calendar Management (78 other apps)
Case Management (100 other apps)
Client Management (54 other apps)
Client Portal (49 other apps)
Collaboration Tools (44 other apps)
Document Storage (69 other apps)
Expense Tracking (44 other apps)
Invoice Management (44 other apps)
Reminders (51 other apps)
Reporting & Statistics (65 other apps)
Task Management (66 other apps)
Third Party Integration (55 other apps)
Workflow Management (55 other apps)

Security and privacy

Encryption

Encryption of sensitive data at rest
HTTPS for all pages

Access control

Multi-factor authentication options
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Additional information for Wellspring IP Management

Key features of Wellspring IP Management

  • Docket Management
  • IP Portfolio Management
  • Information Disclosure Management
  • Patent Tracking
  • Renewal Management
  • Spend Management
  • Trademark Tracking
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