Using commercial share of wallet in financial databases
First Claim
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1. A method for enhancing a report pertaining to a business, comprising:
- (a) modeling industry spending patterns using individual and aggregate corporate data, including financial statement data;
(b) estimating a commercial size of spending wallet of the business based on financial statement data of the business, total business spend of the business, and the model of industry spending patterns; and
(c) including an indication of the commercial size of spending wallet of the business in the report.
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Abstract
Commercial size of spending wallet (“CSoSW”) is the total business spend of a business including cash but excluding bartered items. Commercial share of wallet (“CSoW”) is the portion of the spending wallet that is captured by a particular financial company. A modeling approach utilizes various data sources to provide outputs that describe a company'"'"'s spend capacity. Companies which provide databases of financial information about other companies can use scores provided by this CSoW/CSoSW modeling approach to give an indication of how much the company is likely to spend in the future.
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8 Claims
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1. A method for enhancing a report pertaining to a business, comprising:
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(a) modeling industry spending patterns using individual and aggregate corporate data, including financial statement data;
(b) estimating a commercial size of spending wallet of the business based on financial statement data of the business, total business spend of the business, and the model of industry spending patterns; and
(c) including an indication of the commercial size of spending wallet of the business in the report. - View Dependent Claims (2, 3, 4)
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5. A computer-based system for enhancing a report pertaining to a business, comprising:
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a processor; and
a memory in communication with the processor for storing a plurality of processing instructions for directing the processor to model industry spending patterns using individual and aggregate corporate data, including financial statement data, estimate a commercial size of spending wallet of the business based on financial statement data of the business, total business spend of the business, and the model of industry spending patterns, and include an indication of the commercial size of spending wallet of the business in the report. - View Dependent Claims (6, 7, 8)
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Specification