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Method and system for managing and correlating orders in a multilateral environment

  • US 20020091579A1
  • Filed: 01/09/2001
  • Published: 07/11/2002
  • Est. Priority Date: 01/09/2001
  • Status: Abandoned Application
First Claim
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1. A method for managing orders in a multilateral environment comprising:

  • receiving an order formed from an order template from the first system used by the first partner for ordering goods or services from a second partner;

    determining if a first contract exists between the first partner and the second partner and if the first contract exists then;

    parsing the order received into tag values representing predefined fields;

    retrieving tag values for the contract, wherein the tag values contain terms that govern orders between the first partner and the second partner;

    comparing the tag values for the order received against the tag values for the contract to determine compliance with the one or more contract terms and applying one or more rules for governing any discrepancies between the order and the first contract; and

    notifying at least one of the first system used by the first partner and a second system used by the second partner if the tag value for the order received does not comply with the tag values for the contract terms ,and if the tag values for the order received does comply with the tag values for the contract, then placing the order with the second system used by the second partner.

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