Ocean Tomo Transactions announces the auction of Transaction Prompting System patents via the Ocean Tomo Bid-Ask™ market.
CHICAGO, March 2, 2023 /PRNewswire-PRWeb/ -- Ocean Tomo announces the auction of Transaction Prompting System patents, available as lot 168, on the Ocean Tomo Bid-Ask™ Market. One of the patents is a Continuation in Part, that allows for transactions outside a strictly business context (like expense reporting) to facilitate personal expense tracking via tag associated to a transaction for groceries, entertainment, or other non-business activities.
The patent auction, lot 168, consists of two U.S. patents and three domain names including:
Mobile Expense Report System
System for Processing a Transaction by a User at a Transaction Point
This portfolio is directed to an improved expense management system. The system automatically receives users' transaction data through mobile devices and prompts users in real-time to tag their transactions such as traveling expenses by purposes, companies, projects, categories, etc.
Compared to other products on the market, the subject software system provides a faster and simpler process for expense reporting, reimbursement, and analysis, and significantly reduces data entry errors and delays.
The expense management software market is expected to grow from $3.2M in 2019 to more than $10B by 2030 at a CAGR of 12.8%; the portfolio provides an attractive opportunity for the acquirer to build a ready-to-use patent portfolio for strategic purposes in the expense management market.
To request bidder credentials or to receive further information on this portfolio available on the Ocean Tomo Bid-Ask™ Market, contact Chris Bruce at [email protected] or +1 312 327 8022.
About Ocean Tomo, a part of J.S. Held
The Ocean Tomo Bid-Ask™ Market (OTBA) was built to further enhance Intellectual Property (IP) liquidity and transaction transparency. OTBA serves a broad community of active buyers and sellers, providing a platform to purchase or sell patents and patent applications globally. This market is supported by Ocean Tomo Transactions and affiliate international voice brokers.
Established in 2003, Ocean Tomo provides financial expert, management consulting, and advisory services related to intellectual property (IP) and other intangible assets; corporate accounting investigations; regulatory and reporting obligations; solvency and restructuring; and contractual or competition disputes. Practice offerings address economic damage calculations and testimony; accounting investigations and financial forensics; technology and intangible asset valuation; strategy and risk management consulting; mergers and acquisitions; debt and equity private placement; and IP brokerage. Subsidiaries of Ocean Tomo include Ocean Tomo Investments Group, LLC, a registered broker-dealer.
As a part of J.S. Held, Ocean Tomo works alongside more than 1500 professionals globally and assists clients – corporations, insurers, law firms, governments, and institutional investors – on complex technical, scientific, and financial matters across all assets and value at risk.
J.S. Held is a global consulting firm providing technical, scientific, and financial expertise across all assets and value at risk. Our professionals serve as trusted advisors to organizations facing high-stakes events demanding urgent attention, staunch integrity, clear-cut analysis, and an understanding of both tangible and intangible assets. The firm provides a comprehensive suite of services, products, and data that enable clients to navigate complex, contentious, and often catastrophic situations.
Media Contact
Kristi Stathis, Ocean Tomo, +1 773 294 4360, [email protected]
SOURCE Ocean Tomo
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