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Benefits
 Ensures License compliance
Easily adapted to implement established business practices, ensuring role based approvals, and other standard procedures are followed.
Reduce cycle time
Automated workflows reduce cycle time to process new requests.
Improve performance
Streamline frequent administrative processes with a rapid speed-to-approval
workflows.
Reduce risk
Automatic notifications and improved visibility into licensing agreements reduce the risk of being faced with late fees or penalties.
Boost employee satisfaction
Empower employees with advanced self-service capabilities that allow them to
view the real-time status of their submissions.
Manage knowledge
Manage the process of creation or identification, accumulation, and application
of knowledge of intellectual assets across the organization.Capabilities
Template based submissions
The system is pre-packaged with several template workflows and electronic forms
for various types of licensing agreements (inbound and outbound). You can choose
from existing set of workflows and forms or create your own to capture all the
requisite information required for qualifying any request for due diligence.
Self service for employees
The entire system is web based. Requestors can monitor the real-time status of
their submissions. Response time back to requestors is much faster, and
iterations for clarification and review are reduced.
Centralized repository
Lecorpio licensing management provides a centralized repository
to manage all relevant information which ensures that each authorized
participant has the latest and accurate information about third parties and
licensing relationships. Different practice groups within the corporate legal
department can collaborate together as a singular collective entity to leverage
all their resources to analyze partner relationships.
Task management
Corporate legal department can capture important tasks and activities to manage
the agreement maintenance process. Each party in the critical path is notified
when they are needed to perform a task, and alarms are triggered if delays
occur.
Robust analytics
The integration of Lecorpio business intelligence capabilities reveal the hidden
factors driving and inhibiting licensing terms, conditions and conflicts. Allows
report configuration, customization and real-time reporting. |
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