Negotiation portal
AssigneeBook With It, Inc.
InventorsLovkesh Kalia, Hitesh Sharma
Life of this patent
Estimating the term…
Abstract
Aspects and features of a negotiating tool, system and methods are disclosed herein. In one aspect, there may be a negotiation tool comprising: at least one interface configured to communicate with at least one service provider of a service and a potential customer; and a processor configured to determine at least a first offer in response to a first bid received from the potential customer via the interface, wherein the first offer is determined based on at least a set of negotiating rules and pricing factors received from the at least one service provider via the interface; wherein the at least one interface is further configured to send the first offer to the potential customer in real time for acceptance
Claims20
A negotiation tool comprising:
- at least one interface configured to communicate with at least one service provider of a service and a potential customer;
- and
- a processor configured to determine, in real time, at least a first offer in response to a first bid received from the potential customer via the interface, wherein the first offer is determined based on at least a set of negotiating rules and pricing factors received from the at least one service provider via the interface, wherein the pricing factors include at least rate, average rate, minimum rate, available inventory, occupancy, and revenue per available room (RevPar);
- wherein the at least one interface is further configured to send the first offer to the potential customer in real time for acceptance;
- wherein real time is less than 1 second.
A computer program product stored on a non-transitory computer readable medium that is configured to negotiate pricing with a potential customer by performing a method, comprising:
- receiving, at an interface, inputs from at least one service provider, the inputs including at least a set of negotiating rules and pricing factors, wherein the pricing factors include at least rate, average rate, minimum rate, available inventory, occupancy, and revenue per available room (RevPar);
- receiving at least a first bid from a potential customer;
- and
- determining, in real time, at least a first offer in response to the first bid based on the inputs received from the at least one service provider;
- wherein the receiving at least a first bid and determining at least a first offer is executed in real time, wherein real time is less than 1 second.
A method for negotiating pricing with a potential customer, the method comprising:
- receiving, at an interface, inputs from at least one service provider, the inputs including at least a set of negotiating rules and pricing factors, wherein the pricing factors include at least rate, average rate, minimum rate, available inventory, occupancy, and revenue per available room (RevPar);
- receiving at least a first bid from a potential customer;
- and
- determining, in real time, at least a first offer in response to the first bid based on the inputs received from the at least one service provider;
- wherein the receiving inputs and at least a first bid and the determining at least a first offer are performed on a processor stored on a non-transitory computer readable medium and performed in less than 1 second.
Dependencies are inferred from the claim text.