Some firms have outsourced to reduce risk and cost. The result has been 100% the opposite. That is, increased risk for the firm and your client along with increased cost to you and your client.
In addition, outsourcing annuities is attacking a problem which does not exist, or, at least not with our clients. In 31 years, neither CPI nor our law firm clients have had a legal problem due to a missed annuity payment.
We have significantly reduced risk and cost by electronic checking of numbers and dates and paperless annuity management.

Risk and Cost of Outsourcing Annuities

The major problem with outsourcing is that it increases risk and cost for you and your clients:

1. All firms who have outsourced have maintained the data risk. Your clients are not sophisticated enough to send data to their annuity provider. Result is that annuity provider does not know of additions and changes to data, patents are lost.

2. Sending data to the annuity service is much more expensive and risky than before outsourcing. Your clients will be with different annuity services so you will not know where to send the data. Data not getting to the correct annuity service results in lost patents.


3. Sending data to your client instead of their annuity service has 2 problems. You need to maintain current client addresses and many clients are not sophisticated enough to forward the patent data to the annuity service.


4. Notices of abandonment are another problem. You will not know if it is an intentional abandonment or accidental. Again you must forward them to your client.


5. Split responsibility also creates risk. Your client will instruct the annuity service. You will send data to the annuity service. If client abandons and your data shows case active, there is a problem.


6. All of the above is your obligation with no income.


7. Creates negative good will with your clients, even more negative when a patent is lost.


8. CPI is, by far, the safest and least costly annuity service provider. We do not accept outsourced annuity clients. Therefore your clients will be transferred to a higher risk and cost annuity service.

CPI's solution eliminates all of the above. Our electronic checking corrects number and date errors. Our paperless annuity management reduces instruction processing cost and risk.