System and/or method for determining needs and ability assessment
AssigneeMastercard International Incorporated
InventorsRobert Snyder, Edward Downs
Life of this patent
Estimating the term…
Abstract
A system and a method are disclosed for accessing the need and ability of an organization such as a business to use a financial product. The need is related to the length of time it takes the organization to receive payment after making a sale, and whether the organization receives payment for the sale. The need is greatest for an organization with a high bad debt ratio or slow average time until payment is received. The ability of the organization to pay for the financial product is greater when gross profit margin is high. The total volume of sale can also be taken into account in determining whether the organization can use the financial product.
Claims18
A computer system comprising:
- a memory for storing data of the length of time after completion of a sale an organization receives payment for the sale, whether the organization receives payment for the sale and a profit margin to the organization for the sale;
- and
- a processor for using the data to compute whether the organization can use a financial product to assist in operation of the organization based on the length of time after completion of the sale the organization receives payment, and the profit margin of the organization.
A method implemented with a computer, comprising:
- storing in a memory data of the length of time after completion of a sale an organization receives payment for the sale, whether the organization receives payment for the sale and a profit margin to the organization for the sale;
- and
- using a processor to process the data to compute whether the organization can use a financial product to assist in operation of the organization based on how long after completion of the sale the organization receives payment, and the profit margin of the organization.
A computer readable non-transitory storage medium storing instructions of a computer program which when executed by a computer system results in performance of steps of a method, comprising:
- storing in a memory data of the length of time after completion of a sale an organization receives payment for the sale, whether the organization receives payment for the sale and a profit margin of the organization;
- and
- processing the data to compute whether the organization can use a financial product to assist in operation of the organization based on the length of time after completion of the sale the organization receives payment, and the profit margin of the organization.
Dependencies are inferred from the claim text.