Automated aggregation and comparison of business spending relative to similar businesses
First Claim
Patent Images
1. A system for comparing spending information of a target entity with spending information of other entities, the system comprising:
- a target entity computing system having stored therein financial transaction data representing spending transactions of the target entity, each spending transaction having a payee, a date, and an amount, the target entity computing system comprising;
a processor; and
a memory having stored therein instructions for executing a process for comparing spending information of a target entity with spending information of other entities, the process comprising;
aggregating, on the target entity computing system, the spending transactions of the target entity with respect to at least one attribute of the spending transactions of the target entity to obtain an aggregated spending amount of the target entity;
transmitting the aggregated spending amount of the target entity together with the at least one attribute and selective criteria to a central server communicatively coupled to the target entity computing system;
receiving, at the target entity computing system from the central server, a comparison of the aggregated spending amount of the target entity and aggregated spending amounts of at least one entity of a collection of entities other than the target entity, the entities of the collection meeting the selective criteria, the aggregated spending amounts of the at least one entity of the collection sharing the at least one attribute;
displaying a report on the target entity computer that comprises the comparison received from the central server.
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Abstract
A system and method compares aggregated spending transactions of a target entity with those of a collection of entities. The system and method aggregates spending transactions of the target entity, and compares with the corresponding aggregated spending transactions of the collection of entities.
73 Citations
18 Claims
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1. A system for comparing spending information of a target entity with spending information of other entities, the system comprising:
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a target entity computing system having stored therein financial transaction data representing spending transactions of the target entity, each spending transaction having a payee, a date, and an amount, the target entity computing system comprising; a processor; and a memory having stored therein instructions for executing a process for comparing spending information of a target entity with spending information of other entities, the process comprising; aggregating, on the target entity computing system, the spending transactions of the target entity with respect to at least one attribute of the spending transactions of the target entity to obtain an aggregated spending amount of the target entity; transmitting the aggregated spending amount of the target entity together with the at least one attribute and selective criteria to a central server communicatively coupled to the target entity computing system; receiving, at the target entity computing system from the central server, a comparison of the aggregated spending amount of the target entity and aggregated spending amounts of at least one entity of a collection of entities other than the target entity, the entities of the collection meeting the selective criteria, the aggregated spending amounts of the at least one entity of the collection sharing the at least one attribute; displaying a report on the target entity computer that comprises the comparison received from the central server. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A system for comparing an aggregated spending amount of a target entity with other entity aggregated spending amounts, the system comprising:
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a processor at a central server for executing a process for comparing an aggregated spending amount of a target entity with an other entity aggregated spending amount, the process for comparing an aggregated spending amount of a target entity with an other entity aggregated spending amount comprising; receiving from a target entity computing system an aggregated spending amount of the target entity together with selective criteria; determining an other entity aggregated spending amount based on the spending transactions of an entity other than the target entity meeting the selective criteria, each spending transaction having a payee, a date, and an amount, each spending transaction sharing a same attribute; and generating a comparison of the aggregated spending amount of the target entity and the other entity aggregated spending amount; transmitting the comparison to the target entity computing system. - View Dependent Claims (10, 11, 12, 13, 14, 15, 16)
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17. A computer program product for comparing spending information of a target entity with spending information of other entities comprising:
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a tangible computer readable medium; and computer program code, encoded on the computer readable medium, comprising computer readable instructions for; storing financial transaction data representing spending transactions of a target entity, each spending transaction having a payee, a date, and an amount; aggregating, on a target entity computing system, spending transactions of the target entity with respect to at least one attribute of the spending transactions of the target entity to obtain an aggregated spending amount of the target entity; transmitting the aggregated spending amount of the target entity together with the at least one attribute and selective criteria to a central server communicatively coupled to the target entity computing system; receiving, at the target entity computing system from the central server, a comparison of the aggregated spending amount of the target entity and aggregated spending amounts of entities within a collection of entities other than the target entity, the entities within the collection meeting the selective criteria, the aggregated spending amounts of the entities sharing the at least one attribute; and displaying a report on the target entity computer that comprises the comparison received from the central server.
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18. A computer program product for comparing spending information of a target entity with spending information of other entities comprising:
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a tangible computer readable medium; and computer program code, encoded on the computer readable medium, comprising computer readable instructions for; receiving from a target entity computing system an aggregated spending amount of the target entity together with selective criteria; determining an entity aggregated spending amount based on the spending transactions of an entity meeting the selective criteria, each spending transaction having a payee, a date, and an amount, each spending transaction sharing a same attribute; and generating a comparison of the aggregated spending amount of the target entity and the entity aggregated spending amount; transmitting the comparison to the target entity computing system.
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Specification