Licensing Management

Lecorpio licensing management streamlines the process of managing, implementing, and tracking licensing agreements. This helps organizations optimize revenue, mitigate risk, and improve compliance.

Licensing Management provides a self service portal to technical and research teams to submit new license procurement requests including licenses arising from government sponsored research agreements, development agreements, consulting agreements, beta site Agreements, demo & test agreements, software licenses, etc.

Licensing management automatically routes these requests to appropriate reviewers based on configurable business rules. If required, IP department can solicit input from various businesses, tax and finance teams. Each participant in the process is notified when they are needed to perform a task, and alarms are triggered if delays occur.

Post approvals, the system provide complete tracking of milestones and other events and generate email ticklers for renewals and other deadlines.

Key Features:

Centralized Repository

The system provides a centralized repository for all licenses, terms and conditions, rights and obligations.

Workflow Automation

The system provides configurable review and approval workflows based on the type of the license. Each action is audited and tracked in the approval history for each request. Notifications and alerts can be provided throughout the process. Easily adapted to implement established business practices, ensuring role based approvals, and other standard procedures are followed.

Events and Milestones based triggers

The system provides easy to use interface to define milestones and schedule reminders based on due dates.

Self service for employees

The entire system is web based. Requestors can submit new requests in any language, using any browser and are actively involved in a dialogue with the legal department and gain insight into how their submissions are moving through the process.

Financial Tracking

The system provides comprehensive financial tracking including multiple types of budgets and payments including NRE, royalty (flat, % based, rights based etc.), fixed and variable fees, support and maintenance fees etc.

Configurability

Lecorpio licensing management is very configurable and so it works the way you do rather than making you conform to its working style. It offers both mid- and large-sized enterprise users alike the flexibility to handle diverse requirements by providing configurable customer preferences and task parameters.

Benefits:

Licensing Compliance

Lecorpio licensing management manages the increasingly complex licensing obligations by verifying license compliance, and finding and addressing issues early in the development cycle with proactive review and approval processes, which optimizes revenue, mitigate risk, and improve compliance.

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.