Enhanced electronic data and metadata interchange system and process for electronic billing and payment system

• US 9,141,991 B2
• Filed: 10/14/2011
• Issued: 09/22/2015
• Est. Priority Date: 01/31/2008
• Status: Active Grant

• Current Assignee: BILL Operations LLC (Bill Holdings, Inc.)
• Original Assignee: Bill.com, Inc. (Bill.com Holdings, Inc.)
• Inventors: Orttung, Mark, Linscott, Darren
• Primary Examiner(s): Gart, Matthew
• Assistant Examiner(s): PARIKH, HARSHAD R
• Application Number:
  US13/274,269
• Publication Number:
  US 20120036065A1
• Time in Patent Office: 1,439 Days
• Field of Search: 705/40, 705/340
• US Class Current: 1/1
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 20/102 Bill distribution or payments
• CPC Class Codes: G06Q 20/145 Payments according to the detected use or quantity
• CPC Class Codes: G06Q 30/04 Billing or invoicing
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/10 Tax strategies

Abstract

A Software As A System (SAAS)-based system is disclosed herein for sending bills and payments in conjunction with a third-party accounting system. The system deploys a downloadable program interface to configure the third-party accounting system and then send and receive data between the two systems. The transmitted bills may contain an electronic signature, a line item billing, and/or other transaction-specific meta data, and, based on cash flow needs and outstanding bills, some or all customers may be offered a very substantial time-limited discount for immediate payment. Also, customers may use the line-item billing feature to withhold partial payments for specific issues attributed to specific items. Alternatively, a communication module between SAAS units (CSU) may be deployed to configure the third-party accounting system and then send and receive data between the two systems.

Claims

1. A computer-implemented method comprising:

deploying, by a first Software As A Service (SAAS) based system, a downloadable program interface (PI) from the first SAAS based system to a third-party accounting system;

configuring the third-party accounting system via the downloadable PI;

receiving, by the first SAAS based system, data from the third-party accounting system via the PI;

generating, by the first SAAS based system, an invoice from a vendor to a customer based on the received data, wherein the invoice includes a viewable portion, an electronic signature from the vendor, and a meta data set, wherein the meta data set of the invoice includes information for interfacing with accounting software operating on the third-party accounting system;

transmitting the generated invoice to the third-party accounting system; and

offering the customer a time-limited discount for immediate payment of the invoice via the first SAAS based system, wherein the time-limited discount for immediate payment is based on one of cash flow needs of the vendor and outstanding bills of the vendor.

2. The computer-implemented method according to claim 1 further comprising:

communicating, by the first SAAS based system, with a second SAAS based system via a communication service unit (CSU), the CSU configured to exchange information between the first SAAS based system and the second SAAS based system independently of the third-party accounting system.

3. The computer-implemented method according to claim 1 wherein the first SAAS based system is implemented in a cloud computing system.

4. The method of claim 1, wherein viewable portion of the invoice is configured to be electronically viewed and manipulated by a user.

5. The method of claim 1, wherein the meta data set of the invoice includes information for defining a format for transferring data from accounting software operating on the third-party accounting system to the invoice.

6. The method of claim 1, wherein the generated invoice further includes a communication interface for allowing an entity associated with the third-party accounting system to dispute the invoice.

7. A first Software As A Service (SAAS) computer system comprising:

a processor; and

a memory storing instructions that, when executed, cause the first SAAS computer system to;

deploy a downloadable program interface (PI) from the first SAAS based system to a third-party accounting system;

configure the third-party accounting system via the downloadable PI;

receive data from the third-party accounting system via the PI;

generate an invoice from a vendor to a customer based on the received data, wherein the invoice includes a viewable portion, an electronic signature from the vendor, and a meta data set, wherein the meta data set of the invoice includes information for interfacing with accounting software operating on the third-party accounting system;

transmit the generated invoice to the third-party accounting system; and

offer the customer a time-limited discount for immediate payment of the invoice via the first SAAS based system, wherein the time-limited discount for immediate payment is based on one of cash flow needs of the vendor and outstanding bills of the vendor.

8. The first SAAS computer system according to claim 7 wherein the memory further stores instructions for:

communicating between the first SAAS based system and a second SAAS based system via a communication service unit (CSU), the CSU configured to exchange information between the first SAAS based system and the second SAAS based system independently of the third-party accounting system.

9. The computer system according to claim 7 wherein the first SAAS based computer system is implemented in a cloud computing system.

10. A non-transitory computer-readable storage medium storing instructions that, when executed, cause a first Software As A Service (SAAS) computer system to:

deploy a downloadable PI from the SAAS based system to a third-party accounting system;

configure the third-party accounting system via the downloadable PI;

receive data from the third-party accounting system via the PI;

generate an invoice from a vendor to a customer based on the received data, wherein the invoice includes a viewable portion, an electronic signature from the vendor, and a meta data set, wherein the meta data set of the invoice includes information for interfacing with accounting software operating on the third-party accounting system; and

transmit the generated invoice to the third-party accounting system; and

offer the customer a time-limited discount for immediate payment of the invoice via the first SAAS based system, wherein the time-limited discount for immediate payment is based on one of cash flow needs of the vendor and outstanding bills of the vendor.

11. The computer-readable storage medium according to claim 10 further comprising instructions for:

communicating between the SAAS based system and a second SAAS based system via a communication service unit (CSU), the CSU configured to exchange information between the first SAAS based system and the second SAAS based system independently of the third-party accounting system.