US 2008/0270293 A1 · Accounts payable automation system with automated discount and factoring management

Abstract

An accounts payable automation server system with integrated discount and factoring management, the system comprises an invoice loader receiving invoice data. The invoice data includes at least a vendor element and an amount payable element. The vendor element identifies a vendor and the amount payable element identifies consideration payable by the customer to the vendor. Customer user access workflows present, to a customer system, the invoice data. Finance company user access workflows: i) present, to a finance system, the vendor element and the amount payable element; and ii) receive, from the finance system, an offer of early payment in exchange for a discount of the consideration payable. Vendor user access workflows: i) present, to the vendor system, the offer of early payment in exchange for a discount of the consideration payable; and ii) receive an acceptance of the offer from the vendor system. The finance company user access workflows further, upon acceptance of the offer, present, to the finance system, an indication of the acceptance of the offer. Further, upon payment of a discounted amount from the finance company to the vendor, a direction to transfer payment of the consideration to the finance company is recorded.

Claims36

Dependent claims

An accounts payable automation server system for exchanging invoicing data between a vendor, a customer, and a third party finance company, the accounts system comprising:

an invoice loader receiving invoice data, the invoice data including at least a vendor element and an amount payable element, the vendor element identifying an vendor and the amount payable element identifying consideration payable by the customer to the vendor;
and
a session management engine comprising:
customer user access workflows for:
presenting, to a customer system, the invoice data, the customer system being a system controlled by the customer;
finance company user access workflows for:
presenting, to a finance system, the vendor element and the amount payable element;
receiving, from the finance system, an offer of early payment in exchange for a discount of the consideration payable;
and
vendor user access workflows for:
presenting, to a vendor system, the offer of early payment in exchange for a discount of the consideration payable;
and
receiving an acceptance of the offer from the vendor system;
and
the finance company user access workflows further, upon acceptance of the offer, presents, to the finance system, an indication of the acceptance of the offer;
and
the session management engine further, upon payment of a discounted amount from the finance company to the vendor, records a direction to transfer payment of the consideration to the finance company.

14 more elements

A method of operating an accounts payable automation server with integrated discount and factoring management, method of operating such server comprising:

receiving invoice data, the invoice data including at least a vendor element and an amount payable element, the vendor element identifying an vendor and the amount payable element identifying consideration payable by the customer to the vendor;
presenting, to a customer system, the invoice data, the customer system being a system controlled by the customer;
presenting, to a finance system, the vendor element and the amount payable element;
receiving, from the finance system, an offer of early payment in exchange for a discount of the consideration payable,
presenting to a vendor system, the offer;
receiving an acceptance of the offer from the vendor system;
presenting, to the finance system, an indication of the acceptance of the offer;
and
recording a direction to transfer payment of the consideration of the finance company upon payment of the discounted amount from the finance company to the vendor.

6 more elements

Dependencies are inferred from the claim text.

Accounts payable automation system with automated discount and factoring management

Life of this patent

Accounts payable automation system with automated discount and factoring management

Life of this patent

Abstract

Claims36