About 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.

Devices

Business size

S M L

Markets

United States, Canada

Supported Languages

English

Images

Wellspring IP Management manual process automation
Wellspring IP Management activity matrix
Wellspring IP Management submissions
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Wellspring IP Management screenshot: Wellspring IP Management manual process automation Wellspring IP Management screenshot: Wellspring IP Management activity matrix Wellspring IP Management screenshot: Wellspring IP Management submissions

Features

Total features of Wellspring IP Management: 14

  • Action Item Tracking
  • Automatic Notifications
  • Communication Management
  • Configurable Workflow
  • Contact Management
  • Contract Management
  • Deadline Management
  • Document Management
  • Electronic Payments
  • Financial Management
  • Records Management
  • Search Functionality
  • Status Reporting
  • Status Tracking

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Reviews

Overall rating

4,7 /5
(3)
Value for Money
5/5
Features
4,3/5
Ease of Use
4,3/5
Customer Support
5/5

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Showing 5 reviews of 3
Martin H.
Overall rating
  • Industry: Research
  • Company size: 10 000+ Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

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

Reviewed on 2019/10/12

We use Wellspring's "Sophia" IP Management software for all aspects of tech transfer and other...

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.

Julie D.
Overall rating
  • Industry: Hospital & Health Care
  • Company size: 5 001-10 000 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Understanding the Database

Reviewed on 2019/10/14

The yearly User Group Meetings are helpful to meet the staff at Wellspring; having 1:1's and...

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.

Robert B.
Overall rating
  • Industry: Research
  • Company size: 1 001-5 000 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Ease of Use
  • Customer Support
  • Likelihood to recommend 7.0 /10

Great but needs improvment

Reviewed on 2020/11/19

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

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.

Wellspring IP Management FAQs

Below are some frequently asked questions for Wellspring IP Management.

Wellspring IP Management offers the following pricing plans:

  • Pricing model: Subscription
  • Free Trial: Not Available

Contact Wellspring Worldwide for pricing details.

Wellspring IP Management offers the following features:

  • Deadline Management
  • Document Management

Wellspring IP Management has the following typical customers:

Small Business, Large Enterprises, Mid Size Business

Wellspring IP Management supports the following languages:

English

We do not have any information about what devices Wellspring IP Management supports

Wellspring IP Management integrates with the following applications:

DocuSign

Wellspring IP Management offers the following support options:

Phone Support, Online Support

Related categories

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