Using commercial share of wallet to analyze vendors in online marketplaces
First Claim
1. A method of estimating spend capacity of a company that sells in a marketplace, 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 company based on financial statement data of the company, total business spend of the company, and the model of industry spending patterns; and
(c) rating the company based on the commercial size of spending wallet of the company.
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Accused Products
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. Online marketplaces that allow small businesses to advertise their services can use this CSoW/CSoSW modeling approach to provide a rating that gives an indication of the business prospects of the vendors listed on their sites. Further, such marketplaces can combine this information with their own internal analytics to provide a single holistic rating.
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Citations
14 Claims
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1. A method of estimating spend capacity of a company that sells in a marketplace, 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 company based on financial statement data of the company, total business spend of the company, and the model of industry spending patterns; and
(c) rating the company based on the commercial size of spending wallet of the company. - View Dependent Claims (2, 3)
- (a) modeling industry spending patterns using individual and aggregate corporate data, including financial statement data;
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4. (canceled)
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5. (canceled)
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6. (canceled)
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7. (canceled)
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8. A method of estimating spend capacity of a plurality of companies that sell in an online marketplace, comprising:
- (a) modeling industry spending patterns using individual and aggregate corporate data, including financial statement data;
(b) for each company in the plurality of companies, estimating a commercial size of spending wallet of the company based on financial statement data of the company, total business spend of the company, and the model of industry spending patterns; and
(c) for each company, rating the company based on the commercial size of spending wallet of the company; and
(d) for each company, providing the rating to the marketplace.
- (a) modeling industry spending patterns using individual and aggregate corporate data, including financial statement data;
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9. (canceled)
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10. (canceled)
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11. (canceled)
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12. (canceled)
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13. A computer-based system for estimating spend capacity of a company that sells in a marketplace, comprising:
- 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 company based on financial statement data of the company, total business spend of the company, and the model of industry spending patterns, and rate the company based on the commercial size of spending wallet of the company. - View Dependent Claims (14)
- a processor; and
Specification