Expense tracking, electronic ordering, invoice presentment, and payment system and method
First Claim
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1. An electronic invoice presentment and payment system, comprising:
- a registration and order fulfillment module for receiving orders from one or more requestors to purchase goods or services from one or more vendors; and
an invoice processing module for routing and automatically approving invoices for orders completed by the one or more vendors;
wherein the invoice processing module comprises one or more custom invoice approval rules, the invoice approval rules being customized for each of the one or more requestors.
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Abstract
Systems and methods are described for electronic invoice presentment and payment processing. Requestors may place an order to purchase goods or services from one or more vendors. Invoice processing includes approval routing and dispute resolution.
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Citations
21 Claims
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1. An electronic invoice presentment and payment system, comprising:
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a registration and order fulfillment module for receiving orders from one or more requestors to purchase goods or services from one or more vendors; and an invoice processing module for routing and automatically approving invoices for orders completed by the one or more vendors; wherein the invoice processing module comprises one or more custom invoice approval rules, the invoice approval rules being customized for each of the one or more requestors. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A method for invoice processing via a computer, the computer comprising a processor, the method comprising:
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receiving a request from a requestor to purchase goods or services from a vendor; generating, by the requestor, a purchase order reflecting the requested purchase; generating, by the vendor, an invoice for the requested purchase; determining, via the processor, based on one or more requestor-defined rules, whether the invoice can be approved; and upon approval of the invoice, initiating an automated payment to the vendor.
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10. A system for invoice processing, the system comprising:
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a processor; a user interface functioning via the processor; and a repository accessible by the processor; wherein the processor is configured to; receive a request from a requestor to purchase goods or services from a vendor; generate a purchase order reflecting the requested purchase; receive an invoice for the requested purchase from the vendor; determine, based on one or more requestor-defined rules, whether the invoice can be approved; and upon approval of the invoice, automatically initiate payment to the vendor. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17, 18, 19, 20)
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21. A computer program product comprising a computer usable medium having control logic stored therein for causing a computer to process an invoice, the control logic comprising:
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first computer readable program code means to receive a request from a requestor to purchase goods or service from a vendor; second computer readable program code means to generate a purchase order reflecting the requested purchase; third computer readable program code means to generate an invoice for the requested purchase; fourth computer readable program code means to determine, based on one or more requestor-defined rules, whether the invoice can be approved; and fifth computer readable program code means to initiate automatic payment to the vendor upon approval of the invoice.
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Specification