Automated statement presentation, adjustment and payment system and method therefor
First Claim
1. A method for ordering and payment allocation for a seller and a buying entity, the seller having a plurality of subsidiaries, and the buying entity having a plurality of buyers, the method comprising the acts of:
- receiving, at an ordering and payment allocation system, a plurality of orders comprising at least one order from more than one of the plurality of buyers associated with a buying entity, the plurality of orders corresponding to more than one subsidiary of the seller;
using a computer processor, consolidating, at the ordering and payment allocation system, the plurality of orders for the buying entity into a consolidated invoice comprising particulars on the orders of the plurality of buyers associated with the buying entity;
making the consolidated invoice available to the buying entity;
receiving, at the ordering and payment allocation system, an indication from the buying entity as to which of the orders a payment is approved and which orders are disputed or excepted;
receiving, at the ordering and payment allocation system, an aggregated payment from the buying entity;
using the computer processor, disaggregating the aggregated payments by associating portions of the aggregated payment with an approved order and a corresponding subsidiary;
using the computer processor, allocating the portions of each of the aggregated payments to the corresponding subsidiary for which the payment has been made;
gathering A/R data and information based on the payments to subsidiaries, approved orders or the disputed or excepted orders;
providing the A/R data and information to the seller;
using the computer processor, performing a consolidated receivables process to gather payment data into consolidated receivables data for a single report; and
using the computer processor, matching the consolidated receivables data to an outstanding sub-invoice file, and providing the matched data to the seller.
2 Assignments
0 Petitions
Accused Products
Abstract
A system and method are provided which accept orders from customers located at distributed locations, manages the ordering process by presenting a consolidated invoice to the seller, allows the seller to indicate which items are being paid along with a reason code for items for which payment is being withheld, accepts a consolidated payment, and allocates that payment to the appropriate selling subsidiary. In general, one or more orders are received from a buyer in which each of the orders corresponds to at least one seller subsidiary. The orders are consolidated into a consolidated invoice. The consolidated invoices are then made available to the buyer. An indication is received from the buyer as to which of the orders a payment is being approved. The payment, once received, is allocated to a corresponding at least one seller subsidiary for which the payment has been made.
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Citations
51 Claims
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1. A method for ordering and payment allocation for a seller and a buying entity, the seller having a plurality of subsidiaries, and the buying entity having a plurality of buyers, the method comprising the acts of:
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receiving, at an ordering and payment allocation system, a plurality of orders comprising at least one order from more than one of the plurality of buyers associated with a buying entity, the plurality of orders corresponding to more than one subsidiary of the seller; using a computer processor, consolidating, at the ordering and payment allocation system, the plurality of orders for the buying entity into a consolidated invoice comprising particulars on the orders of the plurality of buyers associated with the buying entity; making the consolidated invoice available to the buying entity; receiving, at the ordering and payment allocation system, an indication from the buying entity as to which of the orders a payment is approved and which orders are disputed or excepted; receiving, at the ordering and payment allocation system, an aggregated payment from the buying entity; using the computer processor, disaggregating the aggregated payments by associating portions of the aggregated payment with an approved order and a corresponding subsidiary; using the computer processor, allocating the portions of each of the aggregated payments to the corresponding subsidiary for which the payment has been made; gathering A/R data and information based on the payments to subsidiaries, approved orders or the disputed or excepted orders; providing the A/R data and information to the seller; using the computer processor, performing a consolidated receivables process to gather payment data into consolidated receivables data for a single report; and using the computer processor, matching the consolidated receivables data to an outstanding sub-invoice file, and providing the matched data to the seller. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27)
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28. A storage medium storing computer executable programmatic code for an order management system for a seller and a buying entity, the seller having a plurality of subsidiaries, and the buying entity having a plurality of buyers, which, when executed, performs the acts of:
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receiving, at the order management system, a plurality of orders comprising at least one order from more than one of the plurality of buyers associated with a buying entity, the plurality of orders corresponding to more than one subsidiary of the seller; consolidating, the order management system, the plurality of orders for the buying entity into a consolidated invoice comprising particulars on the orders of the plurality of buyers associated with the buying entity; making the consolidated invoice available to the buying entity; receiving, at the order management system, an indication from the buying entity as to which of the orders a payment is approved and which orders are disputed or excepted; receiving, at the ordering and payment allocation system, an aggregated payment from the buying entity; disaggregating the aggregated payments by associating portions of the aggregated payment with an approved order and a corresponding subsidiary; allocating the portions of each of the aggregated payments to the corresponding subsidiary for which the payment has been made; gathering A/R data and information based on the payments to subsidiaries, approved orders or the disputed or excepted orders; providing the A/R data and information to the seller; performing a consolidated receivables process to gather payment data into consolidated receivables data for a single report; and matching the consolidated receivables data to an outstanding sub-invoice file, and providing the matched data to the seller. - View Dependent Claims (29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51)
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Specification