System and method for self-monitoring credit information

• US 20060129481A1
• Filed: 06/14/2005
• Published: 06/15/2006
• Est. Priority Date: 06/14/2004
• Status: Abandoned Application

• Current Assignee: DUN & Bradstreet Incorporated (Dun & Bradstreet Corp.)
• Original Assignee: DUN & Bradstreet Incorporated (Dun & Bradstreet Corp.)
• Inventors: Reynard, Kathy, Menz, Carolyn, Magill, Juliana, Itzen, Houston, Bhatt, Suneet, Vengerovsky, Alex, Mehta, Raina
• Application Number:
  US11/152,593
• Publication Number:
  US 20060129481A1
• Time in Patent Office: Days
• US Class Current: 705/39
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

There is provided a method for monitoring business information. The method includes the computer-implemented steps of automatically and periodically accessing business information on a business entity from one or more databases, updating a business information database with the business information, updating at least one business information report on the business entity from the business information database, and automatically alerting a user of a change in the business information report. There is also provided a computer system and a computer readable medium for monitoring business information.

Claims

1. A method for monitoring business information, comprising the computer-implemented steps of:

automatically and periodically accessing business information on a business entity from one or more databases;

updating a business information database with said business information;

updating at least one business information report on said business entity from said business information database; and

automatically alerting a user of a change in said business information report.

2. The method of claim 1 , further comprising:

upon request from said user, delivering said at least one business information report to said user.

3. The method of claim 1, wherein said database is at least one credit report.

4. The method of claim 1, wherein said business information report includes information selected from the group consisting of:

credit information, payment history, key business ratios that measure financial strength, profitability, debts, assets, corporate relationships, and any combinations thereof.

5. The method of claim 4, wherein said business information report includes information selected from one or more of the group consisting of:

a risk of late payment, a payment trends profile, a credit limit recommendation, a composite score of said business entity'"'"'s financial strength and creditworthiness, and an overview of how said business entity has paid its bills.

6. The method of claim 1, wherein said business information report is delivered by an application selected from the group consisting of:

Remote Windows Socket (RWS), Small Business Server (SBS), and e-mail.

7. The method of claim 1, wherein said user is alerted to said change via e-mail.

8. A computer system for monitoring credit information, comprising:

a memory having stored therein business information data;

a processing unit and computer-readable storage arranged to process and store programs and program components; and

a program component, stored in the storage, that is arranged to perform the steps of;

automatically and periodically accessing business information on a business entity from one or more databases;

updating business information data in said memory with said business information;

updating at least one business information report on said business entity from said memory; and

automatically alerting a user of a change in said business information report.

9. The computer system of claim 8, wherein said program component performs the further step of:

upon request from said user, delivering said at least one business information report to said user.

10. The computer system of claim 8, wherein said database is at least one credit report.

11. The computer system of claim 8, wherein said business information report includes information selected from the group consisting of:

credit information, payment history, key business ratios that measure financial strength, profitability, debts, assets, corporate relationships, and any combinations thereof.

12. The computer system of claim 11, wherein said business information report includes information selected from one or more of the group consisting of:

a risk of late payment, a payment trends profile, a credit limit recommendation, a composite score of said business entity'"'"'s financial strength and creditworthiness, and an overview of how said business entity has paid its bills.

13. The computer system of claim 8, wherein said business information report is delivered by an application selected from the group consisting of:

Remote Windows Socket (RWS), Small Business Server (SBS), and e-mail.

14. The computer system of claim 8, wherein said user is alerted to said change via e-mail.

15. A computer-readable medium for monitoring business information, having stored thereon executable instructions for performing steps comprising:

automatically and periodically accessing business information on a business entity from one or more databases;

updating a business information database with said business information;

updating at least one business information report on said business entity from said business information database; and

automatically alerting a user of a change in said business information report.

16. The computer-readable medium of claim 15, wherein said instructions perform the further step of:

upon request from said user, delivering said at least one business information report to said user.

17. The computer-readable medium of claim 15, wherein said database is at least one credit report.

18. The computer-readable medium of claim 15, wherein said business information report includes information selected from the group consisting of:

credit information, payment history, key business ratios that measure financial strength, profitability, debts, assets, corporate relationships, and any combinations thereof.

19. The computer-readable medium of claim 18, wherein said business information report includes information selected from one or more of the group consisting of:

a risk of late payment, a payment trends profile, a credit limit recommendation, a composite score of said business entity'"'"'s financial strength and creditworthiness, and an overview of how said business entity has paid its bills.

20. The computer-readable medium of claim 15, wherein said business information report is delivered by an application selected from the group consisting of:

Remote Windows Socket (RWS), Small Business Server (SBS), and e-mail.

21. The computer-readable medium of claim 15, wherein said user is alerted to said change via e-mail.