Method and apparatus for processing sales transaction data

A non-transitory, computer readable medium comprising:

• a computer usable medium having code stored therein for automating processing sales transaction data and transforming data and components into a digital selling agreement and executable by a processor to transform a computer system into a machine to:
• obtain data, via a backbone, associated with an institution having one or more products and a distributor having one or more sales representatives for performing a plurality of sales transactions, wherein the backbone interacts with one or more databases containing the data and eliminates development of at least some custom code and allows integration with applications;
• obtain components, including one or more document components and one or more compensation components and the compensation components are distinct from the document components, associated with a selling agreement between said institution and said distributor, said selling agreement relating to said one or more products;
• process rules stored in a memory coupled to a processor of the computer system to determine, in accordance with at least a portion of the data associated with the institution and the distributor, which of at least one of the document components and at least one of the compensation components to include in the selling group;
• access a configuration engine and execute the configuration engine to transform at least a portion of the data and components into said selling agreement based on the processing of the rules associated with said components so said selling agreement includes the document and compensation components determined by the processing of the rules;
• and
• output said selling agreement to one or more data processing systems of representatives associated with said institution and said distributor.

An apparatus for processing sales transaction data comprising:

• a processor;
• a memory coupled to said processor, wherein said processor includes code therein for automating processing sales transaction data and transforming data and components into a digital selling agreement and the code is executable by the processor to transform a computer system into a machine to:
• obtain data, via a backbone, associated with an institution having one or more products and a distributor having one or more sales representatives for performing a plurality of sales transactions, wherein the backbone interacts with one or more databases containing the data and eliminates development of at least some custom code and allows integration with applications;
• obtain components, including one or more document components and one or more compensation components and the compensation components are distinct from the document components, associated with a selling agreement between said institution and said distributor, said selling agreement relating to said one or more products;
• process rules stored in a memory coupled to a processor of the computer system to determine, in accordance with at least a portion of the data associated with the institution and the distributor, which of at least one of the document components and at least one of the compensation components to include in the selling group;
• access a configuration engine and execute the configuration engine to transform at least a portion of the data and components into said selling agreement based on the processing of the rules associated with said components so said selling agreement includes the document and compensation components determined by the processing of the rules;
• and
• a display screen configured to output said selling agreement to one or more data processing systems of representatives associated with said institution and said distributor.