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STATEMENT COLLECTION, CONSOLIDATION, AND FACILITATION

  • US 20140129432A1
  • Filed: 11/02/2012
  • Published: 05/08/2014
  • Est. Priority Date: 11/02/2012
  • Status: Abandoned Application
First Claim
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1. A system for providing vendor statement management to a user, the system comprising:

  • a memory device with computer-readable program code stored thereon;

    a communication device;

    a processing device operatively coupled to the memory device and the communication device, wherein the processing device is configured to execute the computer-readable program code to;

    receive one or more vendor statements from the user or from a vendor, wherein receiving the one or more vendor statements comprises receiving the one or more vendor statements electronically or from image capture, wherein the received one or more vendor statements are stored upon receipt;

    identify previous vendor statements from a user'"'"'s financial accounts, wherein the previous vendor statement from the user'"'"'s financial account are identified based on a recognition of payments from the user'"'"'s financial account to the vendor;

    determine the vendors associated with the one or more vendor statement received and the previous vendor statements identified from the user'"'"'s financial accounts;

    monitor, based on the determined vendors, correspondence between the determined vendors and the user to identify new vendor statements;

    communicate, based on the determined vendors associated with the one or more vendor statements received and the identified previous vendor statements, with the determined vendors to retrieve, automatically, the identified new vendor statements directly from the determined vendor;

    consolidate all vendor statements including the received one or more vendor statements, the identified previous vendor statements, and the retrieved new vendor statements, wherein the consolidated vendor statements are associated with the user;

    determine critical vendor data associated with the consolidated vendor statements, wherein the critical vendor data includes satisfaction dates and payment amount due for satisfaction; and

    provide, automatically, payment for satisfaction of the consolidated vendor statements directly to the vendor from the user'"'"'s financial accounts.

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