Wellspring IP Management

RATING:

4.7

(3)
Overview

About Wellspring IP Management

Wellspring IP Management is a cloud-based intellectual property management platform that helps manage licensing, contracts, disclosures and more. It serves to ensure that intellectual property is managed in a way that respects the rights of all parties involved. It also allows users easy access to contracts, patents and other similar documents. The software offers several key features including automatic reminders, disclosure submissions, online fee payment and more. Additionally, it allows team members to seamlessly add online disclosures to their intellectual property and docketing systems using their existing corporate account information.

Wellspring IP Management Pricing

Contact Wellspring Worldwide for pricing details.

Free trial: 

Not Available

Free version: 

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Wellspring IP Management contracts and licenses
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Wellspring IP Management Reviews

Overall Rating

4.7

Ratings Breakdown

Secondary Ratings

Ease-of-use

4.5

Customer Support

5

Value for money

5

Functionality

4.5

Most Helpful Reviews for Wellspring IP Management

3 Reviews

Martin

Research, 10,000+ employees

Used daily for more than 2 years

Review Source: Capterra
This reviewer was invited by the software vendor to submit an honest review.

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed October 2019

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

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.

Reason 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

Hospital & Health Care, 5,001-10,000 employees

Used daily for more than 2 years

Review Source: Capterra
This reviewer was invited by the software vendor to submit an honest review.

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed October 2019

Understanding the Database

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.

Reason 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

Research, 1,001-5,000 employees

Used daily for more than 2 years

Review Source: Capterra

OVERALL RATING:

4

EASE OF USE

3

CUSTOMER SUPPORT

5

FUNCTIONALITY

3

Reviewed November 2020

Great but needs improvment

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.