Using commercial share of wallet to manage vendors
First Claim
Patent Images
1. A method of managing companies, 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 a 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'"'"'s suitability based on the commercial size of spending wallet of the company.
1 Assignment
0 Petitions
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. Government agencies, procurement departments, and others that patronize small businesses can use CSoW/CSoSW to determine businesses that should be awarded contracts and businesses that should be denied. CSoW/CSoSW may also be used to manage approved vendor lists.
124 Citations
18 Claims
-
1. A method of managing companies, 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 a 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'"'"'s suitability based on the commercial size of spending wallet of the company. - View Dependent Claims (4, 5, 6, 7, 8, 9)
- (a) modeling industry spending patterns using individual and aggregate corporate data, including financial statement data;
-
2. (canceled)
-
3. (canceled)
-
10. A system for managing companies, comprising:
- a processor; and
a memory in communication with the processor, the memory 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'"'"'s suitability based on the commercial size of spending wallet of the company. - View Dependent Claims (13, 14, 15, 16, 17, 18)
- a processor; and
-
11. (canceled)
-
12. (canceled)
Specification