SYSTEM AND METHOD FOR ASSESSING AND MANAGING FINANCIAL TRANSACTIONS
First Claim
1. A warranty alert generation system comprising:
- at least one computer-readable medium storing a plurality of software modules, wherein each of the software modules comprises computer-executable instructions; and
computer hardware comprising at least one computer processor in communication with the computer-readable medium and configured to execute the software modules to generate and transmit a warranty alert to a product dealer to indicate that the product dealer can supplement a first product warranty of a customer with a second product warranty, wherein the software module comprises;
a warranty availability module configured to;
access at least one data repository that stores warranty information comprising associations between warranties and products, warranty price information, warranty term information, and warranty eligibility information anddetermine, based at least on warranty information, a warranty that is available to the customer;
an information retrieval module configured to retrieve, from at least one data repository accessible via a computer network, customer information, first warranty terms, including at least one use-based term, for a first warranty that the customer has for a product, product information, and second warranty information for a second warranty that the warranty availability module determines is available to the customer for the product;
a product-use evaluation module configured to access at least one data repository that stores customer product-use information and to determine, based on at least the product-use information for a customer and a product and a use-based term for a warranty for the product, if the use-based term is likely to be exceeded;
a warranty alert generation and transmission module configured, when it is determined that a warranty is available to a customer for a product and the customer'"'"'s use of the product is likely to exceed a product-use term of a customer'"'"'s current warranty for the product; and
an alert management module configured to provide the dealer access to a plurality of warranty alerts generated for the dealer and to allow the dealer to perform a plurality of management operations on the alerts, wherein the management operations are adapted to facilitate the dealer'"'"'s providing of a supplemental warranty to a customer and comprise sorting the warranty alerts, searching for and viewing a portion of the warranty alerts, and assigning a status to a warranty alert;
wherein the information retrieval module, product-use evaluation module, and warranty availability module are configured to in real-time determine a warranty that is available to the customer for the product if the product-use evaluation module determines that the customer'"'"'s use of the product is likely to exceed the product-use term of the customer'"'"'s current warranty for the product.
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0 Petitions
Accused Products
Abstract
A method and system is provided which can analyze customer data, including information about current products and agreements of the customer. The customer data can be used to predict various unknown parameters, including product usage data. The customer data and predicted data can be used to generate various alert conditions. For example, an alert can be generated when a product'"'"'s predicted usage data for a future time indicates that usage terms of a related agreement will be exceeded. Also for example, an alert can be generated when a replacement product or agreement can be provided to a customer at an attractive price. An interactive deal sheet for an alert can be generated. The interactive deal sheet can allow a user to view various replacement products and agreements, and to perform additional calculations and comparisons based on inputted parameters.
33 Citations
26 Claims
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1. A warranty alert generation system comprising:
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at least one computer-readable medium storing a plurality of software modules, wherein each of the software modules comprises computer-executable instructions; and computer hardware comprising at least one computer processor in communication with the computer-readable medium and configured to execute the software modules to generate and transmit a warranty alert to a product dealer to indicate that the product dealer can supplement a first product warranty of a customer with a second product warranty, wherein the software module comprises; a warranty availability module configured to; access at least one data repository that stores warranty information comprising associations between warranties and products, warranty price information, warranty term information, and warranty eligibility information and determine, based at least on warranty information, a warranty that is available to the customer; an information retrieval module configured to retrieve, from at least one data repository accessible via a computer network, customer information, first warranty terms, including at least one use-based term, for a first warranty that the customer has for a product, product information, and second warranty information for a second warranty that the warranty availability module determines is available to the customer for the product; a product-use evaluation module configured to access at least one data repository that stores customer product-use information and to determine, based on at least the product-use information for a customer and a product and a use-based term for a warranty for the product, if the use-based term is likely to be exceeded; a warranty alert generation and transmission module configured, when it is determined that a warranty is available to a customer for a product and the customer'"'"'s use of the product is likely to exceed a product-use term of a customer'"'"'s current warranty for the product; and an alert management module configured to provide the dealer access to a plurality of warranty alerts generated for the dealer and to allow the dealer to perform a plurality of management operations on the alerts, wherein the management operations are adapted to facilitate the dealer'"'"'s providing of a supplemental warranty to a customer and comprise sorting the warranty alerts, searching for and viewing a portion of the warranty alerts, and assigning a status to a warranty alert; wherein the information retrieval module, product-use evaluation module, and warranty availability module are configured to in real-time determine a warranty that is available to the customer for the product if the product-use evaluation module determines that the customer'"'"'s use of the product is likely to exceed the product-use term of the customer'"'"'s current warranty for the product.
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2. A method of estimating the a value of a measure of use of a product by a customer comprising the steps of:
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obtaining information about a product associated with a customer; obtaining information about a measure of the customer'"'"'s use of the product at a point in time; extrapolating from the measure of use and the product-customer information to predict what the value of a measure of the customer'"'"'s use of the product will be at a date in the future. - View Dependent Claims (3, 4)
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5. A financial terms alert generation system comprising:
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an information retrieval module configured to retrieve, from at least one source accessible via a computer network, financing information, customer information, product information, and product use information, wherein the financing information comprising information about the product-use terms of the customer'"'"'s present financial arrangement and potential future financial arrangements; a financial terms comparison module configured to perform at least one calculation based on the retrieved information, the calculation configured to determine, for at least one customer, whether the customer is able to enter into a new financial arrangement on terms favorable to the customer, wherein the calculation includes a determination of the usage fee due under the present financial arrangement; and an alert transmission module configured to transmit an alert to a dealer in cases in which the financial terms comparison module determines that a customer is able to enter into a new financial arrangement on terms favorable to the customer, the alert configured to identify to the dealer the customer that is able to enter into a new financial arrangement on terms favorable to the customer and to identify to the dealer the terms of the new financial arrangement. - View Dependent Claims (6, 7, 8, 9, 10, 11, 12, 13, 14)
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15. A method of providing alerts regarding customers that are able to enter into new financial arrangements on terms favorable to the customers, the method comprising:
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retrieving financing, customer, and product information; comparing, for each of a plurality of customers, the customer'"'"'s current financial terms for a financial arrangement related to a first product currently owned or leased by the customer with potential financial terms related to a second product comparable to the first product that would be available to the customer under a new financial arrangement in order to determine whether the new financial arrangement has terms favorable to the customer; generating, for each customer for which the comparing shows that the new financial arrangement has terms favorable to the customer, an alert comprising information identifying the customer and indicating the terms favorable to the customer under the new arrangement; and transmitting the alerts to at least one dealer. - View Dependent Claims (16, 17, 18, 19, 20)
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21. In a financial terms alert generation system having access to financing, customer, and product information, a method of generating updated alerts based on changes to the financing information, the method comprising:
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receiving a modified financial variable; comparing, for each of a plurality of customers, the customer'"'"'s current financial terms for a financial arrangement related to a first product currently owned or leased by the customer with potential financial terms related to a second product comparable to the first product that would be available to the customer under a new financial arrangement, taking into account the modified financial variable, in order to determine whether the new financial arrangement has terms favorable to the customer; generating, for each customer for which the comparing shows that the new financial arrangement has terms favorable to the customer, an alert comprising information identifying the customer and indicating the terms favorable to the customer under the new arrangement; and transmitting the alerts to at least one dealer. - View Dependent Claims (22, 23, 25)
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24. A method of generating an alert, in real-time, regarding whether an identified customer can enter into a new financial arrangement having terms favorable to the customer, the method comprising:
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receiving an identification of a customer; retrieving, in real-time, financial information regarding a current financial arrangement of the customer identified by the identification, wherein the current financial arrangement relates to a first product currently owned or leased by the identified customer; comparing current financial terms of the current financial arrangement with potential financial terms related to a second product comparable to the first product that would be available to the identified customer under a new financial arrangement in order to determine whether the new financial arrangement has terms favorable to the identified customer; generating an alert comprising information identifying terms favorable to the identified customer under the new financial arrangement if the comparing shows that the new financial arrangement has terms favorable to the identified customer; and transmitting the alert in real-time to at least one dealer. - View Dependent Claims (26)
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Specification