METHOD AND APPARATUS FOR FACILITATING INTRAGOVERNMENTAL TRANSACTIONS

• US 20090048883A1
• Filed: 06/30/2008
• Published: 02/19/2009
• Est. Priority Date: 07/03/2007
• Status: Abandoned Application

• Current Assignee: Mastercard International Incorporated (MasterCard Incorporated)
• Original Assignee: Mastercard International Incorporated (MasterCard Incorporated)
• Inventors: Frey, Steffen, Kelly, Michael D., Talbot-Stern, Justin, Nash, Thomas, Robinson, Eva, Renaud, Tracey
• Application Number:
  US12/164,419
• Publication Number:
  US 20090048883A1
• Time in Patent Office: Days
• US Class Current: 705/7
• CPC Class Codes: G06Q 10/063 Operations research, analysis or management
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/389 Keeping log of transactions for guaranteeing non-repudiation of a transaction
• CPC Class Codes: G06Q 30/04 Billing or invoicing
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/12 Accounting

Abstract

A plurality of validated electronic trade documents, associated with a transaction between a government agency buyer and a government agency seller, are obtained. The electronic trade documents are logically linked in an intragovernmental transaction container, and periodically scanned to determine if conditions exist for at least partial settlement of the transaction. Responsive to the determination that the conditions for the at least partial settlement of the transaction exist, the at least partial settlement of the transaction is initiated. Capability for handling grants can also be provided.

Claims

1. A method comprising the steps of:

obtaining a plurality of validated electronic trade documents associated with a transaction between a government agency buyer and a government agency seller;

logically linking said electronic trade documents in an intragovernmental transaction container;

periodically scanning said electronic trade documents in said intragovernmental transaction container to determine if conditions exist for at least partial settlement of said transaction; and

responsive to said determination that said conditions for said at least partial settlement of said transaction exist, initiating said at least partial settlement of said transaction.

2. The method of claim 1, wherein said obtaining step comprises electronically generating said transaction from systems associated with said government agency buyer and said government agency seller.

3. The method of claim 1, wherein said obtaining step comprises creation from scratch.

4. The method of claim 1, wherein said obtaining step comprises creation from another transaction, employed as a template.

5. The method of claim 1, wherein said trade documents comprise at least an order and at least one additional document associated with said order.

6. The method of claim 5 wherein said trade documents comprise at least said order, at least one bill and at least one receipt.

7. The method of claim 6, wherein said settlement comprises complete settlement of said transaction, and wherein said conditions for settlement comprise:

posting of said order,

posting of said at least one bill, all valid line items of said order being covered by said at least one bill; and

completeness of said at least one receipt, all said valid line items of said order being covered by said at least one receipt.

8. The method of claim 7, further comprising the additional step of facilitating display of all said valid line items on all said trade documents on a single screen.

9. The method of claim 7, wherein said conditions for settlement further comprise completeness of an accrual associated with said transaction.

10. The method of claim 9, further comprising the additional steps of, subsequent to said settlement:

performing a final reconciliation on said transaction;

creating a final liquidation record in an accounting system of said government agency buyer; and

closing said intragovernmental transaction container after said final reconciliation is complete.

11. The method of claim 6, wherein said receipt has at least one line item and wherein said conditions for at least partial settlement comprise:

posting of said order;

posting of said bill, said bill being for at least one valid line item of said order, and

at least one approved bill line item, wherein said at least one line item of said order, bill and receipt match within a set of business rules.

12. The method of claim 11, further comprising the additional step of creating at least one settlement document logically linked to said intragovernmental transaction container.

13. The method of claim 11, wherein said conditions for at least partial settlement further comprise:

satisfactory checking of a tolerance between said order and said bill; and

satisfactory checking that an amount of said order is under a threshold.

14. The method of claim 11, further comprising the additional steps of:

checking a tolerance between said order and said bill;

responsive to said checking yielding an out-of-tolerance condition, placing said bill and said order in an out-of-tolerance status; and

facilitating resolution of said out-of-tolerance status via collaboration between said government agency buyer and said government agency seller.

15. The method of claim 1 further comprising the additional steps of:

checking that an amount of said order is under a threshold;

responsive to said checking yielding an over-threshold condition, placing said bill and said order in a requires approval status; and

facilitating generation of a notice that manual approval is required by said government agency buyer.

16. The method of claim 11, wherein said conditions for at least partial settlement further comprise certification by said government agency buyer.

17. The method of claim 5, wherein said order has an order number associated with it, and wherein said logical linking is based at least on said order number.

18. The method of claim 17, wherein:

said obtaining step comprises;

a first obtaining sub-step of obtaining one of;

said electronic order, with said associated order number; and

said at least one additional electronic trade document associated with said order, said at least one additional electronic trade document also having said order number associated with it;

a second obtaining sub-step of subsequently obtaining another of;

said electronic order, with said associated order number; and

said at least one additional electronic trade document associated with said order, said at least one additional electronic trade document also having said order number associated with it; and

said logical linking step comprises;

subsequent to said first obtaining sub-step, creating said intragovernmental transaction container; and

subsequent to said second obtaining sub-step, locating said intragovernmental transaction container based on said order number and linking said at least one additional electronic trade document to said electronic order.

19. The method of claim 17, further comprising the additional step of providing said intragovernmental transaction container with a unique system-generated number.

20. The method of claim 17, further comprising the additional steps of:

generating at least one additional electronic trade document associated with said order; and

logically linking said at least one additional electronic trade document with said trade documents within said intragovernmental transaction container.

21. The method of claim 20, wherein said at least one additional electronic trade document is generated in response to said determination that said conditions for said at least partial settlement of said transaction exist.

22. The method of claim 5, wherein said trade documents further comprise an advance shipping notice.

23. The method of claim 1, wherein said intragovernmental transaction container comprises a first intragovernmental transaction container, further comprising the additional step of logically linking said first intragovernmental transaction container to a second intragovernmental transaction container.

24. The method of claim 23, wherein said first and second intragovernmental transaction containers are related to a contract.

25. The method of claim 1, wherein said intragovernmental transaction container is related to a contract.

26. The method of claim 1, wherein said intragovernmental transaction container is related to a purchase order.

27. The method of claim 1, wherein said obtaining comprises:

checking said electronic documents for readability;

checking said electronic documents for correct identification of said government agency buyer and said government agency seller; and

facilitating indication of acceptance of said order by said government agency seller.

28. The method of claim 27, wherein said electronic documents comprise at least one order and at least one receipt, further comprising the additional step of performing a detailed data validation on at least one of said at least one order and said at least one receipt, said detailed data validation comprising:

checking that a total transaction amount equals a sum of line item amounts, within a rounding tolerance;

checking for population of mandatory data fields;

checking for existence of a stored record corresponding to an account code in said at least one of said at least one order and said at least one receipt; and

checking for a matching organizational relationship in business rules of said government agency buyer.

29. The method of claim 28, wherein said detailed data validation is further performed on at least one of general ledger data and line of accounting data.

30. The method of claim 27, further comprising the additional step of facilitating export of at least one of an accounting transaction, an updated order, an updated bill, and a billing record to at least one of a data processing system of said government agency buyer and a data processing system of said government agency seller.

31. The method of claim 1, further comprising the additional steps of

establishing a plurality of government agency seller rules;

establishing a plurality of government agency buyer rules; and

establishing a plurality of trading partnership rules;

wherein;

said electronic trade documents are validated, at least in part, based on said seller rules, said buyer rules, and said partnership rules; and

said conditions for said at least partial settlement of said transaction comprise, at least in part, compliance with at least some of said seller rules, said buyer rules, and said partnership rules.

32. The method of claim 31, wherein:

said plurality of government agency seller rules comprise global government agency seller rules and specific government agency seller rules;

said plurality of government agency buyer rules comprise global government agency buyer rules and specific government agency buyer rules; and

said plurality of trading partnership rules comprise global trading partnership rules and specific trading partnership rules.

33. The method of claim 1, further comprising the additional steps of:

obtaining at least one electronic grant and at least one electronic payment request associated with a grant from a government agency grantor to a government agency grantee;

logically linking said grant request to said grant based on a grantor-grantee relationship between said grantor and said grantee and a reference number of said grant;

periodically scanning said grant and said logically linked grant request to determine if conditions exist for at least generation of a partial payment record; and

responsive to determining that said conditions for said generation of said at least partial payment record exist, initiating said generation of said at least partial payment record.

34. A system comprising:

means for obtaining a plurality of validated electronic trade documents associated with a transaction between a government agency buyer and a government agency seller;

means for logically linking said electronic trade documents in an intragovernmental transaction container;

means for periodically scanning said electronic trade documents in said intragovernmental transaction container to determine if conditions exist for at least partial settlement of said transaction; and

means for, responsive to said determination that said conditions for said at least partial settlement of said transaction exist, initiating said at least partial settlement of said transaction.

35. A system comprising:

a memory; and

at least one processor, coupled to said memory, and operative to;

obtain. a plurality of validated electronic trade documents associated with a transaction between a government agency buyer and a government agency seller;

logically link said electronic trade documents in an intragovernmental transaction container;

periodically scan said electronic trade documents in said intragovernmental transaction container to determine if conditions exist for at least partial settlement of said transaction; and

responsive to said determination that said conditions for said at least partial settlement of said transaction exist, initiate said at least partial settlement of said transaction.

36. A method comprising the steps of:

obtaining at least one electronic grant and at least one electronic payment request associated with a grant from a government agency grantor to a government agency grantee;

logically linking said grant request to said grant based on a grantor-grantee relationship between said grantor and said grantee and a reference number of said grant;

periodically scanning said grant and said logically linked grant request to determine if conditions exist for at least generation of a partial payment record; and

responsive to determining that said conditions for said generation of said at least partial payment record exist, initiating said generation of said at least partial payment record.

37. A system comprising:

means for obtaining at least one electronic grant and at least one electronic payment request associated with a grant from a government agency grantor to a government agency grantee;

means for logically linking said grant request to said grant based on a grantor-grantee relationship between said grantor and said grantee and a reference number of said grant;

means for periodically scanning said grant and said logically linked grant request to determine if conditions exist for at least generation of a partial payment record; and

means for, responsive to determining that said conditions for said generation of said at least partial payment record exist, initiating said generation of said at least partial payment record.