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Billtrader: Our latest integration

By Ethan Harding

We’re always looking for new ways to make life simpler and more efficient for our subscribers. To achieve this, we configure Equinox IPMS to optimise your processes and help you easily manage your cases.

However, we also go an extra step by integrating your Equinox system with other software used for IP management to make your job as hassle-free as possible.

Our latest integration with Billtrader helps our mutual subscribers to streamline their international accounts payable processes by automating foreign invoice capture, handling international payments more easily, and aligning financial processes with the advanced automated functions in Equinox IPMS.

Integrations at Equinox

What is Billtrader?

Billtrader is a FinTech solution designed to make it easier and cheaper for IP firms to pay and be paid by their foreign agents.

Working with foreign agents is a key part of the intellectual property lifecycle, but making and receiving payments in many different currencies can be time-consuming and expensive.

Billtrader has bank accounts around the world, so payments are made from a local bank account thereby avoiding international wire transfer fees.

By using Billtrader, IP firms only need to be concerned with their own currency.

Billtrader’s data capture and automation tools are designed specifically for IP firms to eliminate the process of managing and reconciling invoices to and from multiple countries.

Billtrader shares a lot of our own goals. Like us, they aim to make the IP management process as simple as possible and use automation solutions to make that happen. Their service is a great compliment to our own software, and we’re excited to see it help our subscribers!

 

Our chief aim is to deliver efficient, reliable IP management solutions through our accessible software. By integrating Billtrader into our system, subscribers can manage intellectual property processes from one location to offer an unparalleled overview from start to finish, maximizing efficiency and simplifying user interaction with the system.

We are constantly looking for new ways to enhance our subscribers’ experience. After receiving feedback from clients wanting to better integrate our service with other complimentary IP management services, we saw a great opportunity to further streamline processes for clients by incorporating Billtrader into the system

Justin Gallagher, Founder and Executive Chairman of Equinox

 

How does the integration work?

Our integration with Billtrader enables our mutual subscribers to automate their foreign agent accounts payable processes.

  1. Foreign bills are uploaded to Billtrader, and the relevant invoice and reference data is captured and pushed into Equinox, thus removing the need for manual data entry.
  2. When foreign bills are due for settlement a single local currency payment is made into a local Billtrader bank account. Billtrader then distributes the funds to the foreign agents and sends them a remittance advice.
  3. The foreign bills are marked as paid in Equinox matching important reference data including matter numbers to streamline reconciliation.
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We are delighted to be launching this integration with Equinox IPMS. Our data capture and automation tools are designed specifically for IP firms looking for seamless integration into their accounting and IP management systems. The Equinox IPMS is at the leading edge of online IP management systems. We are delighted to be collaborating with the professional team at Equinox to deliver these efficiencies and cost savings to their subscribers.

Justin Simpson, Founder and Director of Billtrader

 

Integrations at Equinox

We know you use a host of services for patent and trademark management, so we work hard to make sure that they work smoothly with Equinox IPMS. We want to make your job as simple as possible and having all your services working together is ideal for keeping you on track and working fast.

Equinox IPMS offers a wide variety of integrations. During the onboarding process, we help you get your existing services aligned with ours, and if there’s a specific integration you need, we can work with our development team to get it set up. You have a lot of control over how your Equinox system looks, feels, and works.

Book a demo with our friendly team to learn more about our IP management system.

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