Purchase order amendment and negotiation in a full service trade system
First Claim
1. A computerized system for facilitating transactions in goods or services, the system comprising:
- means for allowing electronic procurement of a purchase order agreement between a seller and a buyer and relating to a transaction in one or more goods or services, and for electronically storing the purchase order agreement;
means for allowing electronic modification of the purchase order agreement upon agreement by the seller and the buyer to the modification;
means for receiving and storing electronic evidence that the seller has performed in connection with fulfilling the seller'"'"'s obligations as defined by the purchase order agreement as modified by any modifications; and
means for electronically evaluating whether the seller has complied with the seller'"'"'s obligations as defined by the purchase order agreement as modified by any modifications.
5 Assignments
0 Petitions
Accused Products
Abstract
The present invention provides a comprehensive, integrated, computerized system for facilitating transactions in goods or services. The system is capable of facilitating transactions from early or initial stages, such as an electronically proposed purchase order, through to later or final stages, such as payment on an invoice or invoices relating to the transaction. The system is integrated to include the participation of various providers of services ancillary to transactions, such as guarantors, insurers, and shippers.
The system may allow sellers or buyers to electronically propose amendments and counter-amendments to, and to amend, through mutual agreement, a purchase order agreement. Any amendments are accounted for in later stages of the transaction facilitated by the system. The system may monitor, utilizing stored transaction information, present and anticipated future credit exposures of buyers, and utilizes the buyer credit exposure information for purposes including facilitating providing buyer credit assurance to sellers. The system may facilitate sellers obtaining financing or advance payment relating to transactions. The system may provide opportunities for sellers or buyers to obtain cargo insurance on goods or services shipped in accordance with transactions.
77 Citations
23 Claims
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1. A computerized system for facilitating transactions in goods or services, the system comprising:
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means for allowing electronic procurement of a purchase order agreement between a seller and a buyer and relating to a transaction in one or more goods or services, and for electronically storing the purchase order agreement;
means for allowing electronic modification of the purchase order agreement upon agreement by the seller and the buyer to the modification;
means for receiving and storing electronic evidence that the seller has performed in connection with fulfilling the seller'"'"'s obligations as defined by the purchase order agreement as modified by any modifications; and
means for electronically evaluating whether the seller has complied with the seller'"'"'s obligations as defined by the purchase order agreement as modified by any modifications. - View Dependent Claims (2, 3)
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4. A computerized system for facilitating transactions in goods or services, the system comprising:
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means for allowing electronic procurement of a purchase order agreement between a seller and a buyer and relating to a transaction in one or more goods or services, and for electronically storing the purchase order agreement;
means for allowing electronic modification of the purchase order agreement upon agreement by the seller and the buyer to the modification;
means for receiving and storing electronic evidence that the seller has performed in connection with fulfilling the seller'"'"'s obligations as defined by the purchase order agreement as modified by any modifications;
means for electronically evaluating whether the seller has complied with the seller'"'"'s obligations as defined by the purchase order agreement as modified by any modifications;
means for electronically providing a payment instruction if the seller has been evaluated to have complied with the seller'"'"'s obligations as defined by the purchase order agreement as modified by any modifications; and
means for receiving and storing electronic evidence that the buyer has made one or more payments in connection with fulfilling buyer'"'"'s obligations as defined by the purchase order agreement as modified by any modifications. - View Dependent Claims (5, 6, 7, 8, 9, 10, 11, 12, 13, 16)
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14. A computerized system for facilitating transactions in goods or services, the system comprising:
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means for allowing electronic procurement of a purchase order agreement between a seller and a buyer, the purchase order agreement being stored electronically and relating to a transaction in one or more goods or services, comprising means for allowing electronic negotiation between the seller and the buyer relating to establishing the purchase order agreement;
means for allowing electronic modification of the purchase order agreement upon agreement by the seller and the buyer to the modification;
means for receiving and storing electronic evidence that the seller has performed in connection with fulfilling the seller'"'"'s obligations as defined by the purchase order agreement; and
means for electronically evaluating whether the seller has complied with the seller'"'"'s obligations as defined by the purchase order agreement.
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15. A computerized system for facilitating transactions in goods or services, the system comprising:
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means for allowing electronic procurement of a purchase order agreement between a seller and a buyer, the purchase order agreement being stored electronically and relating to a transaction in one or more goods or services, comprising means for allowing electronic negotiation between the seller and the buyer relating to establishing the purchase order agreement;
means for allowing electronic modification of the purchase order agreement upon agreement by the seller and the buyer to the modification;
means for receiving and storing electronic evidence that the seller has performed in connection with fulfilling the seller'"'"'s obligations as defined by the purchase order agreement;
means for electronically evaluating whether the seller has complied with the seller'"'"'s obligations as defined by the purchase order agreement;
means for electronically providing a payment instruction if the seller has been evaluated to have complied with the seller'"'"'s obligations as defined by the purchase order agreement; and
means for receiving and storing electronic evidence that the buyer has made one or more payments in connection with fulfilling buyer'"'"'s obligations as defined by the purchase order agreement as modified by any modifications.
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17. A computerized method for facilitating transactions in goods or services, the method comprising:
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allowing electronic procurement of a purchase order agreement between a seller and a buyer, the purchase order agreement being stored electronically and relating to a transaction in one or more goods or services;
allowing electronic modification of the purchase order agreement upon agreement by the seller and the buyer to the modification;
receiving and storing electronic evidence that the seller has performed in connection with fulfilling the seller'"'"'s obligations as defined by the purchase order agreement; and
electronically evaluating whether the seller has complied with the seller'"'"'s obligations as defined by the purchase order agreement.
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18. A computerized method for facilitating transactions in goods or services, the method comprising:
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allowing electronic procurement of a purchase order agreement between a seller and a buyer, the purchase order agreement being stored electronically and relating to a transaction in one or more goods or services;
allowing electronic modification of the purchase order agreement upon agreement f by the seller and the buyer to the modification;
receiving and storing electronic evidence that the seller has performed in connection with fulfilling the seller'"'"'s obligations as defined by the purchase order agreement;
electronically evaluating whether the seller has complied with the seller'"'"'s obligations as defined by the purchase order agreement;
electronically providing a payment instruction if the seller has been evaluated to have complied with the seller'"'"'s obligations as defined by the purchase order agreement; and
receiving and storing electronic evidence that the buyer has made one or more payments in connection with fulfilling buyer'"'"'s obligations as defined by the purchase order agreement as modified by any modifications.
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19. A computerized method for facilitating transactions in goods or services, the method comprising:
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allowing electronic procurement of a purchase order agreement between a seller and a buyer, the purchase order agreement being stored electronically and relating to a transaction in one or more goods or services, comprising allowing electronic negotiation between the seller and the buyer relating to establishing the purchase order agreement;
allowing electronic modification of the purchase order agreement upon agreement by the seller and the buyer to the modification;
receiving and storing electronic evidence that the seller has performed in connection with fulfilling the seller'"'"'s obligations as defined by the purchase order agreement; and
electronically evaluating whether the seller has complied with the seller'"'"'s obligations as defined by the purchase order agreement.
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20. A computerized method for facilitating transactions in goods or services, the method comprising:
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allowing electronic procurement of a purchase order agreement between a seller and a buyer, the purchase order agreement being stored electronically and relating to a transaction in one or more goods or services, comprising allowing electronic negotiation between the seller and the buyer relating to establishing the purchase order agreement;
allowing electronic modification of the purchase order agreement upon agreement by the seller and the buyer to the modification;
receiving and storing electronic evidence that the seller has performed in connection with fulfilling the seller'"'"'s obligations as defined by the purchase order agreement;
electronically evaluating whether the seller has complied with the seller'"'"'s obligations as defined by the purchase order agreement;
electronically providing a payment instruction if the seller has been evaluated to have complied with the seller'"'"'s obligations as defined by the purchase order agreement; and
receiving and storing electronic evidence that the buyer has made one or more payments in connection with fulfilling buyer'"'"'s obligations as defined by the purchase order agreement as modified by any modifications. - View Dependent Claims (21)
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22. A computer usable medium storing program code which, when executed on a computerized device, causes the computerized device to execute a method for facilitating transactions in goods or services, the method comprising:
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allowing electronic procurement of a purchase order agreement between a seller and a buyer and relating to a transaction in one or more goods or services, and electronically storing the purchase order agreement;
allowing electronic modification of the purchase order agreement upon agreement by the seller and the buyer to the modification;
receiving and storing electronic evidence that the seller has performed in connection with fulfilling the seller'"'"'s obligations as defined by the purchase order agreement as modified by any modifications;
electronically evaluating whether the seller has complied with the seller'"'"'s obligations as defined by the purchase order agreement as modified by any modifications;
electronically providing a payment instruction if the seller has been evaluated to have complied with the seller'"'"'s obligations as defined by the purchase order agreement as modified by any modifications; and
receiving and storing electronic evidence that the buyer has made one or more payments in connection with fulfilling buyer'"'"'s obligations as defined by the purchase order agreement as modified by any modifications.
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23. A computer usable medium storing program code which, when executed on a computerized device, causes the computerized device to execute a method for facilitating transactions in goods or services, the method comprising:
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allowing electronic procurement of a purchase order agreement between a seller and a buyer and relating to a transaction in one or more goods or services, comprising allowing electronic negotiation between the seller and the buyer relating to establishing the purchase order agreement, and electronically storing the purchase order agreement;
allowing electronic modification of the purchase order agreement upon agreement by the seller and the buyer to the modification;
receiving and storing electronic evidence that the seller has performed in connection with fulfilling the seller'"'"'s obligations as defined by the purchase order agreement;
electronically evaluating whether the seller has complied with the seller'"'"'s obligations as defined by the purchase order agreement;
electronically providing a payment instruction if the seller has been evaluated to have complied with the seller'"'"'s obligations as defined by the purchase order agreement; and
receiving and storing electronic evidence that the buyer has made one or more payments in connection with fulfilling buyer'"'"'s obligations as defined by the purchase order agreement as modified by any modifications.
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Specification