IP Invoice Review That Drives Real Savings
Reviewing IP invoices is complicated and time-consuming – so most companies don’t do it.
Prokurio’s Invoice Control platform automates the process, checking every line item in every invoice and allowing you to spend time on more critical tasks.
Time isn’t the only thing you save – we normally save clients 10 to 20 percent the first year.
Add IP Intelligence to Your E-Billing System
E-billing systems do a great job of automating the invoice submission and approval process, and some even have sophisticated invoice control features – but none do a very good job with IP invoices.
We complement your E-billing system and evaluate your IP invoice against currency benchmarks, PTO fees, and billing guidelines – ensuring that nothing slips through the cracks.
The best part? You shouldn’t need to change your workflow. Most billing systems have APIs allowing us to automate the IP invoice control process completely.
Actionable Data At Your Fingertips
Our standard dashboards instantly identify above-market currency, agent, and country costs.
Dashboards are only the start. If you are going to contest a charge or ask for a refund, you need details.
We provide you with line-item details for every transaction, highlighting any potential billing issues with currency, PTO fees, or professional service fees.
Don't Have Time to Chase Vendors?
Sign up for our Invoice Control Plus Service, and we’ll take the lead in following up with your vendors.
We’ll work with your vendors and associates to resolve billing errors and issues, freeing you from tedious and unproductive follow-up responsibilities.
You’ll no longer have to worry about juggling resources to review invoices or chasing associates for details behind dubious charges – we’ve got your back!
Start With a Free Review
The easiest way to start is with a free, no-obligation invoice review.
We’ll analyze one maintenance invoice or up to 20 outside counsel invoices for free and provide a dashboard and detailed line-item analysis.
You can decide whether the service fits your needs as soon as you see the results. No pressure, no hassles.
Frequently Asked Questions
Every situation is a bit different, but in general, clients save between ten and twenty percent in the first year and five to ten percent in subsequent years.
There’s no catch. We’ve automated the invoice review process, allowing us to analyze invoices quickly. This allows you to see your charges and make an informed decision. If you want us to continue to audit your invoices, sign up for our service. If not, no problem, there’s no pressure.
Traditionally, organizations have treated IP invoice review as a project that needs to be dealt with every couple of years. There are three problems with this approach.
- Recovering excess charges years after the fact is difficult. It can be done, but your likelihood of success is small compared to raising an issue while the vendor waits for payment.
- Big invoice review projects are time-consuming and expensive. You will spend significantly more in consulting fees for one-off projects than you will for ongoing monitoring.
- You are leaving money on the table. If your budget is 5 million and your average potential savings is just 5%, that is 250,000 extra you give to your vendors – each year. You may recover some of it, but whatever you don’t recover is gone.
We can audit any type of IP invoice. We regularly monitor patent annuity and trademark renewal invoices from the major vendors, as well as invoices from international associates, foreign filing services and translation vendors.
