Determining commercial share of wallet
First Claim
1. A method of estimating spend capacity of a company, comprising:
- modeling, by a computer-based system configured to estimate spend capacity of a company, industry spending patterns using individual corporate data and aggregate corporate data, wherein the computer-based system comprises a computer processor and a tangible memory;
calculating, by the computer-based system, total known business spending of the company;
determining, by the computer-based system, the total operating expenses of the company;
identifying, by the computer-based system, cardable operating expenses of the company from the total operating expenses of the company; and
estimating, by the computer-based system, a commercial size of spending wallet of the company based on, at least, financial statement data of the company, total known business spending of the company, trade credit data and the model of industry spending patterns, wherein the commercial size of spending wallet comprises the company'"'"'s cost of goods sold plus the cardable operating expenses of the company.
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Accused Products
Abstract
Commercial size of spending wallet (“SoSW”) is the total business spend of a business including cash but excluding bartered items. Commercial share of wallet (“SoW”) is the portion of the spending wallet that is captured by a particular financial company. Commercial SoW is a modeling approach that utilizes various data sources to provide outputs that describe a company'"'"'s spend capacity. These outputs can be appended to data profiles of customers and prospects and can be utilized to support decisions involving prospecting, new account evaluation, and customer management across the lifecycle. Company financial statements are utilized to identify and calculate total business spend of a company that could be transacted using a commercial credit card. A spend-like regression model may then be developed to estimate annual commercial SoSW value for customers and prospects within a credit network.
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Citations
20 Claims
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1. A method of estimating spend capacity of a company, comprising:
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modeling, by a computer-based system configured to estimate spend capacity of a company, industry spending patterns using individual corporate data and aggregate corporate data, wherein the computer-based system comprises a computer processor and a tangible memory; calculating, by the computer-based system, total known business spending of the company; determining, by the computer-based system, the total operating expenses of the company; identifying, by the computer-based system, cardable operating expenses of the company from the total operating expenses of the company; and estimating, by the computer-based system, a commercial size of spending wallet of the company based on, at least, financial statement data of the company, total known business spending of the company, trade credit data and the model of industry spending patterns, wherein the commercial size of spending wallet comprises the company'"'"'s cost of goods sold plus the cardable operating expenses of the company. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A system comprising:
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a computer processor configured to estimate spend capacity of a company; and a non-transitory computer-readable medium having instructions stored thereon that, in response to execution by the computer processor, cause the computer processor to perform operations comprising modeling, by the computer processor, industry spending patterns using individual corporate data and aggregate corporate data; calculating, by the computer processor, total known business spending of the company; determining, by the computer processor, the total operating expenses of the company; identifying, by the computer processor, cardable operating expenses of the company from the total operating expenses of the company; and estimating, by the computer processor, by the computer-based system, a commercial size of spending wallet of the company based on, at least, financial statement data of the company, total known business spending of the company, trade credit data and the model of industry spending patterns, wherein the commercial size of spending wallet comprises the company'"'"'s cost of goods sold plus the cardable operating expenses of the company. - View Dependent Claims (9, 10, 11, 12, 13, 14)
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15. An article of manufacture including a non-transitory computer-readable medium having instructions stored thereon that, in response to execution by a computing device configured to estimate spend capacity of a company, cause the computing device to perform operations comprising
modeling, by the computing device, industry spending patterns using individual corporate data and aggregate corporate data; -
calculating, by the computing device, total known business spending of the company; determining, by the computing device, the total operating expenses of the company; identifying, by the computing device, cardable operating expenses of the company from the total operating expenses of the company; and estimating, by the computing device, by the computer-based system, a commercial size of spending wallet of the company based on, at least, financial statement data of the company, total known business spending of the company, trade credit data and the model of industry spending patterns, wherein the commercial size of spending wallet comprises the company'"'"'s cost of goods sold plus the cardable operating expenses of the company. - View Dependent Claims (16, 17, 18, 19, 20)
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Specification