Business method for facilitating offsetting payables against receivables
First Claim
1. A method for offsetting at least one payable against at least one receivable, wherein said method comprises the steps of:
- a) providing a first user access to a central computer;
b) requesting receivable information from said first user;
c) generating a first database of said receivable information;
d) providing a second user with said at least one payable access to said first database;
e) allowing said second user to browse said first database for said at least one receivable to offset said at least one payable; and
f) transmitting an offer to buy said at least one receivable from said second user to said first user through a transaction unit.
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Abstract
The present invention presents a business method for facilitating a sale of a receivable for the offsetting of payables. The method for the offsetting of payables and sale of receivables is conducted over a computer network preferably composed of a Web server or main computer, a database server, an array of hard disks for storage, and a transaction server. The owner, best offers, and other information about the receivable are open to inspection for registered users in an on-line auction form of the invention. The buyer and seller of the receivable are kept informed of the status of their accounts via e-mail. Alternatively, the business method provides a method of contact for a potential purchaser of the receivable to contact the posting owner of the receivable and negotiate purchase of the receivable.
90 Citations
11 Claims
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1. A method for offsetting at least one payable against at least one receivable, wherein said method comprises the steps of:
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a) providing a first user access to a central computer;
b) requesting receivable information from said first user;
c) generating a first database of said receivable information;
d) providing a second user with said at least one payable access to said first database;
e) allowing said second user to browse said first database for said at least one receivable to offset said at least one payable; and
f) transmitting an offer to buy said at least one receivable from said second user to said first user through a transaction unit. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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Specification