Method and apparatus for processing sales transaction data
DC CAFCFirst Claim
1. A method for processing sales transaction data comprising:
- using a distributer management system to perform;
capturing transaction data associated with sales performed by a plurality of sales representatives;
determining if said sales representatives associated with said transaction data are in conformity with a set of regulatory conditions applicable to said sales;
computing a plurality of compensation amounts based on said sale transactions data and said set of regulatory conditions; and
executing a payment process to compensate said plurality of sales representatives for said sales in accordance with said compensation amounts.
2 Assignments
Litigations
2 Petitions
Accused Products
Abstract
A system provides a way to manage agreements that institutions such as financial services companies have with distributors who sell their products. Each distributor has a plurality of sales representatives that earn commissions for selling such products. The commissions earned and any other constraints imposed on the sales representatives may be defined within a selling agreement. The system can generate each selling agreement utilizing a set of components representative of the type of agreement formed between the institutions and the distributor. The components of each selling agreement contain an associated rule set that enables a configuration engine to generate an appropriate document. The system also contains a set of regulatory conditions for each sale made by the sales representatives. The system may be utilized to process sales transaction data to ensure that selling agreement terms are followed and that regulations for each sale are satisfied.
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Citations
47 Claims
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1. A method for processing sales transaction data comprising:
using a distributer management system to perform; capturing transaction data associated with sales performed by a plurality of sales representatives; determining if said sales representatives associated with said transaction data are in conformity with a set of regulatory conditions applicable to said sales; computing a plurality of compensation amounts based on said sale transactions data and said set of regulatory conditions; and executing a payment process to compensate said plurality of sales representatives for said sales in accordance with said compensation amounts. - 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, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39)
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40. A system for processing sales transaction data comprising:
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a means for capturing transaction data associated with sales performed by a plurality of sales representatives; a means for determining if said sales representatives associated with said transaction data are in conformity with a set of regulatory conditions applicable to said sales; a means for computing a plurality of compensation amounts based on said sale transactions data and said set of regulatory conditions; and a means for executing a payment process to compensate said plurality of sales representatives for said sales in accordance with said compensation amounts. - View Dependent Claims (41)
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42. A computer readable medium comprising computer readable code embodied therein and executable by a processor to:
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capture transaction data associated with sales performed by a plurality of sales representatives; determine if said sales representatives associated with said transaction data are in conformity with a set of regulatory conditions applicable to said sales; compute a plurality of compensation amounts based on said sale transactions data and said set of regulatory conditions; and execute a payment process to compensate said plurality of sales representatives for said sales in accordance with said compensation amounts. - View Dependent Claims (43, 44)
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45. A system comprising:
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a processor; and a memory, coupled to the processor, wherein the memory includes computer readable code executable by the processor to; capture transaction data associated with sales performed by a plurality of sales representatives; determine if said sales representatives associated with said transaction data applicable to said sales; compute a plurality of compensation amounts based on said sale transactions data and said set of regulatory conditions; and execute a payment process to compensate said plurality of sales representatives for said sales in accordance with said compensation amounts. - View Dependent Claims (46, 47)
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Specification