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Generating pricing estimates

  • US 8,280,760 B1
  • Filed: 04/30/2010
  • Issued: 10/02/2012
  • Est. Priority Date: 04/30/2010
  • Status: Active Grant
First Claim
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1. A method for generating a pricing estimate for a customer of a small business, comprising:

  • displaying, by a financial application executing on a processor and configured to manage finances for the small business, a graphical user interface (GUI) comprising a GUI widget loaded with a plurality of line items corresponding to an industry of the small business;

    receiving, from a user associated with the small business and operating the financial application, a selection of a first line item and a second line item using the GUI widget;

    receiving, from the user, a request to generate the pricing estimate for at least the first line item and the second line item;

    obtaining, by the financial application and from a pricing server operatively connected to the financial application, a plurality of pricing data comprising a first price for the first line item and a second price for the second line item, wherein the pricing server collects the plurality of pricing data from a plurality of suppliers who agree to share the pricing data;

    accessing a pricing rule specifying a profit percentage to be applied to the first price to increase profitability of the small business;

    applying, by the financial application, the pricing rule to the first price for the first line item to obtain an adjusted price;

    populating the GUI with at least the first price, the second price, and the adjusted price;

    calculating, by the financial application, the pricing estimate based on the adjusted price and the second price;

    displaying, by the financial application, the pricing estimate within the GUI; and

    sending, by the financial application, the pricing estimate to a customer of the small business.

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