In Insights, there is the option of the Portfolio Pruning Report (if you don't have it, speak to your account manager) which will help you to identify patents to prune from your portfolio and save on unnecessary costs. As more patents are filed each year, annual renewal fees will grow. Organizations need to manage these fees, however, typically this can be a time-consuming and labor-intensive process.
A defined refinement process, maintenance fee forecasts and savings projections can help answer integral questions like "Which patents are worth keeping and renewing, or abandoning?" and help provide confidence in pruning decisions.
To access the report, choose the "Portfolio Pruning" option on the Key Reports list:
Once you have selected this option you will be able to create a portfolio pruning report where you can type a company name in to create the report. Once you have done this you will see a screen that looks like this:
Once you are happy, click on the "create report" option. From here, you will come to this screen:
Using the options on the top-right corner of this screen you can share or delete the report and export in either a PDF or PPT format.
You are also able to edit the filters that are used for the patents that are displayed. These are in terms of jurisdictions (this data is updated on a yearly basis), IPCs, individual patent values, their expiry dates, the fees that need to be paid for them and their renewal dates.
There is a graphic that provdes a total renewal fee forecast and of your savings with the patents in your prune list. You can also view your prune list from here.
You can also view a graph that gives you a forecast of your total maintenance fee costs for the next 10 years.
Below this, you can view a graph that shows you a forecast of the upcoming annual renewal fees in the top 10 countires over the next 10 years.
Next, you have a graph which shows the MIPCs with the highest patent count. The charts are broken down for those with the highest proportion of maintenance fees left to pay, with the highest proportion of patents, and the highest proportion of patents that have received maintenance fees of over 5 years.
Finally, you have a pair of graphs that shows you the patent count and the remaining renewal fees of patents distributed by patent valuation on the left-hand side and the remaining renewal fees and the average patent valuation in buckets of patents in MIPCs on the right-hand side.