Method and system for invoice routing and approval in electronic payment system

• US 20030220875A1
• Filed: 05/24/2002
• Published: 11/27/2003
• Est. Priority Date: 05/24/2002
• Status: Abandoned Application

• Current Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Original Assignee: JP Morgan Chase Bank, N.A. (JP Morgan Chase & Co)
• Inventors: McRae, Xuan (Sunny), Lam, Duc
• Application Number:
  US10/155,853
• Publication Number:
  US 20030220875A1
• Time in Patent Office: Days
• US Class Current: 705/45
• CPC Class Codes: G06Q 20/042 characterized in that the payment protocol involves at least one cheque
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions

Abstract

A method for effecting a transaction between two parties. A system for effecting a transaction between two parties. Electronic data regarding management relationships between respective employees at one of the parties is received. An electronic document related to the transaction is received from the other party. An interface is provided through which users can take actions with respect to documents. The actions include authorization of invoices and applying signatures to checks. A notification regarding the document is sent to an electronic mail account of a user who is responsible for at least an aspect of the transaction, and if the user does not take a particular action within a particular period, the invoice is automatically sent to the user'"'"'s manager as determined based on the electronic data. According to various implementations, the electronic data comprises data loaded from a human resources management system, and the document comprises an invoice and the particular action comprises approval of the invoice. The user may comprise the employee who ordered goods that are included in the transaction. The signatures may comprise digital signatures effected with a private key.

Claims

1. A method for effecting a transaction between two parties comprising:

receiving electronic data regarding management relationships between respective employees at one of the parties;

receiving from the other party an electronic document related to the transaction;

providing an interface through which users can take actions with respect to documents, wherein the actions include authorization of invoices and applying signatures to checks;

sending a notification regarding the document to an electronic mail account of a user who is responsible for at least an aspect of the transaction; and

if the user does not take a particular action within a particular period, automatically sending the invoice to the user'"'"'s manager as determined based on the electronic data.

2. The method of claim 1, wherein the electronic data comprises data loaded from a human resources management system.

3. The method of claim 1, wherein the document comprises an invoice and the particular action comprises approval of the invoice.

4. The method of claim 1, including presenting the employee a link to a page in which the employee can take action on the invoice.

5. The method of claim 1, wherein user comprises the employee who ordered goods that are included in the transaction.

6. The method of claim 1, wherein the signatures comprise digital signatures effected with a private key.

7. The method of claim 1, including automatically displaying the documents in a user interface listing the documents wherein the display is based on priority.

8. The method of claim 7, wherein the documents are prioritized based on discount day.

9. The method of claim 7, wherein the documents are prioritized based on the due date.

10. The method of claim 1, including:

receiving an identification of a contact person, and if the person is not found, automatically routing to an account for the contact person'"'"'s department, and

if the department is not found, automatically routing to an account for an accounts payable department.

11. The method of claim 1, including

if the document is an invoice and it matches an open purchase order, determining whether prices in the invoice are within a range of tolerances associated with the purchase order and automatically approving the invoice if prices in the invoice are within the tolerances.

12. A system for effecting a transaction between two parties comprising:

means for receiving electronic data regarding management relationships between respective employees at one of the parties;

means for receiving from the other party an electronic document related to the transaction;

means for providing an interface through which users can take actions with respect to documents, wherein the actions include authorization of invoices and applying signatures to checks;

means for sending a notification regarding the document to an electronic mail account of a user who is responsible for at least an aspect of the transaction; and

means for, if the user does not take a particular action within a particular period, automatically sending the invoice to the user'"'"'s manager as determined based on the electronic data.