Method and system for managing distributor information

• US 10,068,242 B1
• Filed: 06/01/2015
• Issued: 09/04/2018
• Est. Priority Date: 03/15/2001
• Status: Expired due to Fees

• Current Assignee: Versata Development Group, Inc. (ESW Capital, LLC)
• Original Assignee: Versata Development Group, Inc. (ESW Capital, LLC)
• Inventors: Chao, David, Blount, Brian, Erickson, Charles, Gharavy, Shari, Zhou, Cheng, Toub, Joshua
• Primary Examiner(s): Rudy, Andrew J
• Application Number:
  US14/727,752
• Time in Patent Office: 1,191 Days
• Field of Search: 705 30, 705 35, 705 38, 705 39
• CPC Class Codes: G06Q 10/0633 Workflow analysis
• CPC Class Codes: G06Q 10/06375 Prediction of business process outcome or impact based on a proposed change
• CPC Class Codes: G06Q 10/10 Office automation; Time management
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 30/018 Certifying business or products
• CPC Class Codes: G06Q 30/0214 Referral reward systems
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/08 Insurance
• CPC Class Codes: Y10S 707/945 Contract negotiation

Abstract

An embodiment of the invention provides a system that enables financial services companies to manage and track information about a sales force. The system includes components for managing distributors information, for validating and tracking licenses and credentials, for creating customized contracts, and for maintaining compensation structures. The system allows for configuring compensations, providing financial services companies a toolkit for creating and modeling their complex commission schedules used to compensate their sales force. The system also provides modeling tools for agreements and contracts between a financial services company or provider and the distributors who sell products. The system has a multi-component architecture comprising multiple modules, multiple data processing engines, a backbone and multiple data sources. The processing modules carry out information processing using one or more data processing engines. The data processing provides the tools to fetch data from the databases and process it.

Claims

1. A system for utilizing multiple processing engines to perform distributor data management tasks, the system comprising:

at least one processor;

memory, coupled to the at least one processor, having code stored therein and executable by the at least one processor to program the at least one processor to perform executable operations comprising;

starting one or more modules to perform one or more distributor data management tasks, wherein one of the modules is an authorization module that determines whether a party associated with a sales transaction meets requirements to receive a commission from proceeds associated with the sales transaction;

determining, by each started module, if one or more services of multiple processing engines are needed to the perform the distributor data management tasks;

starting each processing engine for which one or more services are determined by each started module as needed to perform the distributor management tasks, wherein at least one processing engine is a commission engine;

generating one or more requests, by the commission engine, to retrieve data from one or more data sources that is used by the commission engine to determine commission amounts payable to a party associated with a sales transaction;

processing, by the authorization module, the authorization data, sales transaction data, and data associated with the party associated with the sales transaction to determine if the party is authorized to receive a commission based on proceeds associated with the sales transaction;

determining, by the commission engine using the data retrieved by the commission engine, including selling agreement data, commission amounts payable to the party associated with the sales transaction based on at least the selling agreement data; and

if the authorization module determines that the party associated with the sales transaction is authorized to receive a commission based on proceeds associated with the sales transaction, generating a payment report associated with the sales transaction to the party in accordance with the determination of the commission amounts payable to the party associated with the sales transaction.

2. The system of claim 1 wherein the code is further executable by the at least one processor to program the at least one processor to perform executable operations further comprising:

determining if a party associated with the sales transaction comprises a valid appointment.

3. The system of claim 1 wherein the party is a distributor of the one or more products and the distributor and a supplier of the one or more products are parties to the selling agreement.

4. The system of claim 1 wherein the code is further executable by the at least one processor to program the at least one processor to perform executable operations further comprising:

providing data to monitor to allow the monitor to display a user interface;

receiving data representing interactions with the user interface, wherein the data indicates selections of selling agreement attributes and rules;

generating a selling agreement using the selected attributes and rules, wherein the selling agreement.