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Wellspring IP Management

Wellspring IP Management

4.7 (3)
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What is Wellspring IP Management?

Your company's IP portfolio is expanding. Missing just one deadline can endanger an entire product. There's no room for error. Meanwhile your external counsel bill is exponentially increasing when that money could be better used elsewhere. Manage your growing portfolio in a single, user-friendly system with tools for online disclosures, patents & trademarks, licensing & contract management, and more. Don't miss another important deadline or detail again.

Wellspring IP Management Integrations

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How much is Wellspring IP Management?

Starting From:
Not provided by vendor
  • No free trial
  • No free version
Pricing Details (Provided by Vendor):
Contact Wellspring for more information

Wellspring IP Management Features

What solutions does Wellspring IP Management provide?

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Wellspring IP Management Reviews

Showing all 3 reviews
Overall
4.7
Ease of Use
4.3
Customer Service
5.0

Most Helpful Reviews for Wellspring IP Management

Martin H.
Senior Patent and Intellectual Property Manager
Research, 10,001+ employees
Used the software for: 2+ years
Overall Rating
5.0
Ease of Use
5.0
Customer Service
5.0
Features
5.0
Value for Money
5.0
Likelihood to Recommend
10/10
Reviewer Source
Source: Capterra
October 12, 2019

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

Overall: 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.

Reasons for Choosing Wellspring IP Management: We chose Wellspring as our IP management software as it fit our needs of capturing all aspects in the life cycle of tech transfer, fulfills the rigorous and ever-changing reporting requirements, allows access to many users, the highly-flexible adaptation to our own processes and the solid technical support from Wellspring.
Julie D.
Administrator, Intellectual Property
Hospital & Health Care, 5,001-10,000 employees
Used the software for: 2+ years
Overall Rating
5.0
Ease of Use
5.0
Customer Service
5.0
Features
5.0
Value for Money
5.0
Likelihood to Recommend
10/10
Reviewer Source
Source: Capterra
October 14, 2019

"Understanding the Database"

Overall: 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.

Reasons for Choosing Wellspring IP Management: Meeting the CEO at a conference where Wellspring was a vendor introducing their product was advantageous, and the fact that the software is intuitive, user friendly by those not having IT experience.
Reasons for Switching to Wellspring IP Management: Inteum did not effectively support us during a transition; did not connect with our IT to work out a plan; and the software is labor-intensive. You really need to know the inner-workings to efficiently manage the data.
Robert B.
Senior Licensing Manager
Research, 1,001-5,000 employees
Used the software for: 2+ years
Overall Rating
4.0
Ease of Use
3.0
Customer Service
5.0
Features
3.0
Likelihood to Recommend
7/10
Reviewer Source
Source: Capterra
November 19, 2020

"Great but needs improvment"

Overall: 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.

Reasons for Switching to Wellspring IP Management: My administration made that decision.