Using commercial share of wallet to analyze vendors in online marketplaces
First Claim
1. A method of rating a vendor in a marketplace, comprising:
- modeling, by a computer-based system tor rating a vendor in a marketplace comprising a processor and a non-transitory, tangible memory, industry spending patterns using individual corporate data and aggregate corporate data, including financial statement data;
calculating, by the computer-based system, total known business spending of the vendor;
determining, by the computer-based system, the total operating expenses of the vendor;
identifying, by the computer-based system, cardable operating expenses of the vendor from the total operating expenses of the vendor;
estimating, by the computer-based system, a commercial size of spending wallet of the vendor based on, at least, known financial statement data of the vendor, the total known business spending of the vendor, trade credit data and the model of industry spending patterns, wherein the commercial size of spending wallet comprises the vendor'"'"'s cost of goods sold plus the cardable operating expenses of the vendor, wherein the commercial size of spending wallet is the total business spending of the vendor that can be transacted using a payment instrument, wherein the payment instrument is associated with a transaction account, and wherein the model of industry spending patterns is used to infer financial statement data and spending data that is not known; and
rating, by the computer-based system, the vendor based on at least the commercial size of spending wallet of the vendor.
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Accused Products
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. Online marketplaces that allow small businesses to advertise their services can use this CSoW/CSoSW modeling approach to provide a rating that gives an indication of the business prospects of the vendors listed on their sites. Further, such marketplaces can combine this information with their own internal analytics to provide a single holistic rating.
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Citations
14 Claims
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1. A method of rating a vendor in a marketplace, comprising:
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modeling, by a computer-based system tor rating a vendor in a marketplace comprising a processor and a non-transitory, tangible memory, industry spending patterns using individual corporate data and aggregate corporate data, including financial statement data; calculating, by the computer-based system, total known business spending of the vendor; determining, by the computer-based system, the total operating expenses of the vendor; identifying, by the computer-based system, cardable operating expenses of the vendor from the total operating expenses of the vendor; estimating, by the computer-based system, a commercial size of spending wallet of the vendor based on, at least, known financial statement data of the vendor, the total known business spending of the vendor, trade credit data and the model of industry spending patterns, wherein the commercial size of spending wallet comprises the vendor'"'"'s cost of goods sold plus the cardable operating expenses of the vendor, wherein the commercial size of spending wallet is the total business spending of the vendor that can be transacted using a payment instrument, wherein the payment instrument is associated with a transaction account, and wherein the model of industry spending patterns is used to infer financial statement data and spending data that is not known; and rating, by the computer-based system, the vendor based on at least the commercial size of spending wallet of the vendor. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A method of rating a plurality of vendors in an online marketplace, comprising:
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modeling, by a computer-based system for rating a plurality of vendors in a marketplace comprising a processor and a non-transitory, tangible memory, industry spending patterns using individual corporate data and aggregate corporate data, including financial statement data; for each vendor; calculating, by the computer-based system, total known business spending of the vendor; determining, by the computer-based system, the total operating expenses of the vendor; identifying, by the computer-based system, cardable operating expenses of the vendor from the total operating expenses of the vendor; estimating, by the computer-based system, a commercial size of spending wallet of the vendor based on, at least, known financial statement data of the vendor, the total known business spending of the vendor, trade credit data and the model of industry spending patterns, wherein the commercial size of spending wallet comprises the vendor'"'"'s cost of goods sold plus the cardable operating expenses of the vendor, wherein the commercial size of spending wallet is the total business spending of the vendor that can be transacted using a payment instrument, wherein the payment instrument is associated with a transaction account, and wherein the model of industry spending patterns is used to infer financial statement data and spending data that is not known; rating the vendor based on at least the commercial size of spending wallet of the vendor; and providing the rating to the online marketplace, - View Dependent Claims (9, 10, 11, 12)
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13. A computer-based system for rating a vendor in a marketplace, comprising:
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a processor; and a memory in communication with the processor for storing a plurality of processing instructions for directing the processor to; model industry spending patterns using individual corporate data and aggregate corporate data, including financial statement data; calculate, by the processor, total known business spending of the vendor; determine, by the processor, the total operating expenses of the vendor; identify, by the processor, cardable operating expenses of the vendor from the total operating expenses of the vendor; estimate, by the processor, a commercial size of spending wallet of the vendor based on, at least, known financial statement data of the vendor, the total known business spending of the vendor, trade credit data and the model of industry spending patterns, wherein the commercial size of spending wallet comprises the vendor'"'"'s cost of goods sold plus the cardable operating expenses of the vendor, wherein the commercial size of spending wallet is the total business spending of the vendor that can be transacted using a payment instrument, wherein the payment instrument is associated with a transaction account, and wherein the model of industry spending patterns is used to infer financial statement data and spending data that is not known; and rate the vendor based on at least the commercial size of spending wallet of the vendor. - View Dependent Claims (14)
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Specification