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Expense tracking, electronic ordering, invoice presentment, and payment system and method

  • US 7,412,418 B2
  • Filed: 12/08/2003
  • Issued: 08/12/2008
  • Est. Priority Date: 12/06/2002
  • Status: Expired due to Fees
First Claim
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1. A method for performing automated commerce ordering, comprising:

  • creating a budget for a transaction, the budget including a total price and at least one line item, each line item including an approved work order price, wherein one or more of the line items is created via a bidding process among a plurality of vendors; and

    upon verifying that the budget is within a budget maximum limit;

    automatically approving the budget subsequent to the verification;

    automatically creating a work order related to automated commerce for each line item, each work order specifying a vendor from the plurality of vendors to complete the work order;

    transmitting the work order to the vendor electronically;

    receiving invoice information from the vendor, the invoice information being received in response to the transmitted work order and including an invoiced price;

    automatically approving the invoiced price upon verifying that the invoiced price is within the approved work order price or a preset overage tolerance; and

    automatically initiating payment of the approved invoice price to the vendor.

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