Trianz, Inc. today announced the beta release of its Royalty Management Solution, IPSpace 1.0 for intellectual property owners for High-Tech and Media industries.
Intellectual Property management is a complex field, where IP is licensed by one party to multiple clients or partners and companies all ends of the equation are challenged with the daunting task of managing processes efficiently. Setting up IP repositories, to creating contracts, calculating royalties, tracking, invoicing, receiving or paying royalty fees, maintaining compliance with regulations become major challenges when IP is ‘core to the business’. These challenges have resulted in revenue leakage, inefficient processes, limited visibility into customer actions, high cost of operations and sometimes lead to expensive litigations.
Trianz‘s IPSpace 1.0, is an enterprise-wide Intellectual Property licensing and Royalty Management platform for High-Tech and Media companies. IPSpace enables IP administrators like Licensors and Licensees to manage, licensing of their IP’s like Patents, Copyrights and Trade Marks, automate contract life cycle and royalty usage to revenue recognition cycle, helps to define complex royalty computation, and addresses audit & compliance needs.
IPSpace 1.0 is a web based solution developed using Microsoft .NET technology stack, offering a wide ranging IP, contracts and financial management capabilities. The platform also provides comprehensive multi-layered information security and meets audit and SOX compliance needs. IPSpace can also be seamlessly integrated with any backend ERP products such as Oracle, SAP or front end products like any other IP Management, filing or docketing software or CRM software’s such as Salesforce.com and Siebel on Demand etc.
According to Will Andrews, Director at Trianz, “Our strong credentials and process knowledge of High-Tech and Media industries enables us to understand the business issues and challenges faced by intellectual Property Owners in this dynamic IP licensing market. We are confident that IPSpace will help customers drive not just productivity and efficiency but also generate higher revenues and optimize costs of IP operations".
Trianz has received excellent reviews from customer’s worldwide for IPSpace 1.0 release. Our clients believe IPSpace stands out from other existing IP licensing and royalty management solution providers because of comprehensive functionality, a robust architecture based on the latest technologies. Customers who have reviewed IPSpace found it to be extensible, customizable and flexible for integration since IP management processes and infrastructure is unique to each customer.
IPSpace is scheduled for full market release in October 2009. Trianz will be demonstrating IPSpace 1.0 solution in forthcoming events like “Intellectual Property Owners Annual Meeting in Chicago (September 13-15, 2009)”, “LES 2009 Annual Meeting in San Francisco Mariott, San Francisco, CA (October 18-22, 2009)” and other events in the coming months.
For more information about IPSpace, please visit royalty.trianz.com/.
About Trianz, Inc.
Trianz (trianz.com) is a client-oriented organization that provides an integrated set of Consulting, IT and BPO solutions, each enabled by innovative and proprietary global execution models. Trianz firmly believes that the flawless execution of business, technology and operational initiatives is a key ingredient of business success. And our mission is to partner with business leaders, who share the belief that Execution Matters. We understand top management vision and objectives, visualize business results and translate these to the execution of strategy using relevant technology and process outsourcing.
Solution Manager, Prakash Mohapatra / E: mprakash[.]trianz.com.
Manjit Singh / E: Manjit.singh[.]trianz.com.