Case Study: North Carolina State University recovers $200K and boosts compliance with Process Street

North Carolina State University recovers $200K with Process Street

North Carolina State University's Office of Research Commercialization faced significant compliance and revenue risks while managing its $630 million research portfolio. The department relied on disconnected systems like PDFs and Google Drive, leading to a lack of visibility, missed compliance steps, and slow manual reporting. This disjointed approach made them vulnerable to staff turnover and potential losses of intellectual property rights and federal funding. They chose Process Street to address these challenges.

By implementing Process Street, the university gained structured workflows for licensing, finance, and compliance. The solution provided critical visibility, enabling the team to recover $200,000 in previously missed industry IP fees. Process Street also automated and streamlined their processes, allowing them to complete over 400 federal utilization reports three to four times faster and accurately manage long-term license agreements with a small team of 22 staff.

North Carolina State University