Thomson Reuters Enhances Its Intellectual Asset Management Solution With First-Ever Fully Integrated Data Validation

Thomson IP Manager enables IP professionals to proactively catch and fix data errors, reducing the risk of lost rights or costly delays

News provided by

Thomson Reuters

Jul 13, 2011, 11:17 ET

SOUTHFIELD, Mich., July 13, 2011 /PRNewswire/ -- Thomson IP Management Services, part of Thomson Reuters, today released new, unprecedented functionality in its scalable intellectual asset management (IAM) software solution, Thomson IP Manager®, including first-ever fully integrated data validation capabilities, Information Disclosure Statement (IDS) management functionality and work team survey capabilities.

"Intellectual property is at the forefront of strategic business decision making, and enterprises can't afford errors in their portfolio data in today's competitive market," said Cynthia Murphy, vice president and general manager, Thomson IP Management Services. "For this reason, we developed a cost-effective, fully integrated data validation tool, the first of its kind among all asset management solutions on the market, enabling organizations to eliminate critical data errors and maximize the value of their IP portfolio."

Thomson IP Manager's new fully integrated data validation functionality enables users to proactively identify and correct data discrepancies in their portfolios on an ongoing basis by comparing their data to the Thomson Reuters Global Patent Data Collection, a comprehensive database of patent documents with 76 million records from more than 70 issuing authorities. This ensures errors that may affect critical prosecution and maintenance dates can be quickly caught and fixed, so IP rights are properly protected without any cost exposure.

The integrated data validation tool also provides improved collaboration among IP team members as the review process can be built into the organization's IP workflow, ensuring that the correct individuals review the data in a timely manner. For optimal efficiency, IP professionals can also prioritize data discrepancy results, which ensures that the most critical issues are addressed first.

New IDS Reference Management functionality in Thomson IP Manager helps IP professionals manage patent and technical literature references related to pending patent applications. Using these features, attorneys and paralegals can view, manage and report upon cited references. In addition, Thomson IP Manager helps users to propagate and cross-cite references to ensure that they are cited properly across the portfolio, supporting complex, configurable relationships between matters.

Enhancements to the Process Architect™ include an entirely redesigned Collaboration Portal with better workload visibility, simplified task navigation and a clear graphical view of the structure of processes for all workflow participants. New Survey and Delegation capabilities support more complex collaborative processes, such as invention review, international filing, contract renewal and maintenance decisions involving multiple stakeholders, allowing senior decision makers to more easily collect feedback from experts around the business and make well-informed decisions.

For more information about Thomson IP Manager, go to http://thomsonipmanagement.com/.

About Thomson IP Management Services

Businesses and law firms at the forefront of intellectual asset management partner with Thomson IP Management Services. From ideation through prosecution and commercialization, Thomson IP Management Services helps you maximize the value of your portfolio, keep it aligned with your business strategy and drive global competitiveness. Our solutions — Thomson IP Manager, IP Payments and IP Rules — integrate state-of-the-art portfolio management technology, comprehensive services and a world-class IP rules collection to provide unparalleled support of your patents, trademarks, licenses and other intellectual assets.

Thomson Reuters

Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science, and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 55,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, go to www.thomsonreuters.com.

SOURCE Thomson Reuters