Using commercial share of wallet to rate business prospects
First Claim
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1. A method of rating business prospects, comprising:
- modeling, by a computer-based system for rating the business prospects and comprising a computer processor and a tangible, non-transitory memory, industry spending patterns using individual corporate data and aggregate corporate data, including financial statement data, wherein the modeling comprises;
identifying the cost of goods sold and operating expenses from at least one of the individual corporate data and the aggregate corporate data;
at least one of identifying the cardable operating expenses from the operating expenses and identifying a cardable operating expenses ratio from aggregate corporate data;
at least one of summing the cardable operating expenses with the cost of goods sold and summing the cost of goods sold with the product of operating expenses and the cardable operating expenses ratio;
estimating, by the computer-based system, a commercial size of spending wallet of a company based on, at least, known financial statement data of the company, total known business spending of the company, and the model of industry spending patterns, wherein the commercial size of spending wallet is the total cardable business spending of the company, and wherein the model of industry spending patterns is used to infer financial statement data and spending data that is not known; and
issuing a corporate rating based on at least the commercial size of spending wallet of the company.
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Abstract
Commercial size of spending wallet (“CSoSW”) is the total business spend of a business including cash but excluding bartered items. Commercial share of wallet (“CSoW”) is the portion of the spending wallet that is captured by a particular financial company. A modeling approach utilizes various data sources to provide outputs that describe a company'"'"'s spend capacity. Research analysts can use CSoW/CSoSW to provide a comprehensive and robust indication of the business prospects of a rated company.
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Citations
16 Claims
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1. A method of rating business prospects, comprising:
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modeling, by a computer-based system for rating the business prospects and comprising a computer processor and a tangible, non-transitory memory, industry spending patterns using individual corporate data and aggregate corporate data, including financial statement data, wherein the modeling comprises; identifying the cost of goods sold and operating expenses from at least one of the individual corporate data and the aggregate corporate data; at least one of identifying the cardable operating expenses from the operating expenses and identifying a cardable operating expenses ratio from aggregate corporate data; at least one of summing the cardable operating expenses with the cost of goods sold and summing the cost of goods sold with the product of operating expenses and the cardable operating expenses ratio; estimating, by the computer-based system, a commercial size of spending wallet of a company based on, at least, known financial statement data of the company, total known business spending of the company, and the model of industry spending patterns, wherein the commercial size of spending wallet is the total cardable business spending of the company, and wherein the model of industry spending patterns is used to infer financial statement data and spending data that is not known; and issuing a corporate rating based on at least the commercial size of spending wallet of the company. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A system for rating business prospects, comprising:
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a computer network communicating with a tangible memory; the tangible, non-transitory memory communicating with a computer processor; and the computer processor, when executing a computer program, is configured to; model industry spending patterns using individual corporate data and aggregate corporate data, including financial statement data, wherein the modeling comprises; identifying the cost of goods sold and operating expenses from at least one of the individual corporate data and the aggregate corporate data; at least one of identifying the cardable operating expenses from the operating expenses and identifying a cardable operating expenses ratio from aggregate corporate data; at least one of summing the cardable operating expenses with the cost of goods sold and summing the cost of goods sold with the product of operating expenses and the cardable operating expenses ratio; estimate a commercial size of spending wallet of a company based on, at least, known financial statement data of the company, total known business spending of the company, and the model of industry spending patterns, wherein the commercial size of spending wallet is the total cardable business spending of the company, and wherein the model of industry spending patterns is used to infer financial statement data and spending data that is not known; and issue a corporate rating based on at least the commercial size of spending wallet of the company. - View Dependent Claims (10, 11, 12, 13, 14, 15, 16)
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Specification