Having accurate cost predictions is critical for making the most of your IP budget. Forecast gives you powerful budget forecasting and planning capabilities, seamlessly integrated with Clarivate IP management systems (IPMS). Predictive analysis powered by artificial intelligence (AI) improves budget planning to make better financial decisions while avoiding costly surprises.
Forget complex Excel spreadsheets and rule-driven forecasts. Predictive artificial intelligence (AI) continually analyzes and learns from your IP cost history to deliver accurate forecasts to inform strategic IP and budget planning decisions—automatically.
Intuitive dashboards and custom reports make it easy to track actual costs against forecasts, so you can proactively course-correct to stay on budget. View costs across your portfolio or by business unit, patent family, IP right, vendor, technology, etc. Drill down to record-level costs and KPIs. Easily share forecast information with decision-makers.
Analyze the budget impact of strategic IP decisions with “what if” scenarios to chart a course with a clear understanding of financial implications.
The advanced workflow engine streamlines budget approval processes, enabling stakeholders to access, review and approve budget figures and new expenditures. Forecast provides a “single source of truth,” ensuring all stakeholders have access to the same updated information.
Forecast integrates seamlessly with your Clarivate IPMS, automatically capturing information about your IP portfolio and offering easy access to forecasts. Cost data can also be captured from leading enterprise resource planning (ERP) or enterprise legal management (ELM) systems.