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Automated aggregation and comparison of business spending relative to similar businesses

  • US 20070168267A1
  • Filed: 05/10/2006
  • Published: 07/19/2007
  • Est. Priority Date: 01/13/2006
  • Status: Active Grant
First Claim
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1. A computer-implemented method of comparing spending transactions of a target entity with spending transactions of a collection of entities, each spending transaction having a payee, a date, and an amount, the method comprising:

  • aggregating the spending transactions of the target entity with respect to at least one attribute of the spending transactions of the target entity to obtain an aggregated spending amount of the target entity;

    determining a collective aggregated spending amount corresponding to the aggregated spending amount of the target entity, the collective aggregated spending amount derived from spending transactions of entities of the collection and having attributes that correspond to the at least one attribute of the spending transactions of the target entity; and

    generating a comparison of the aggregated spending amount of the target entity and the collective aggregated spending amount.

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