Determining commercial share of wallet
First Claim
1. A method comprising:
- calculating, by a computer-based system for estimating a commercial size of spending wallet, business spending of a company, wherein the computer-based system comprises a computer processor and a tangible, non-transitory memory;
determining, by the computer-based system, the operating expenses of the company;
identifying, by the computer-based system, cardable operating expenses of the company from the operating expenses of the company; and
estimating, by the computer-based system, a commercial size of spending wallet of the company based on financial statement data of the company, business spending of the company, trade credit data and a model of industry spending patterns, wherein the commercial size of spending wallet comprises the company'"'"'s cost of goods sold plus the cardable operating expenses of the company.
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Accused Products
Abstract
Commercial size of spending wallet (“SoSW”) is the total business spend of a business including cash but excluding bartered items. Commercial share of wallet (“SoW”) is the portion of the spending wallet that is captured by a particular financial company. Commercial SoW is a modeling approach that utilizes various data sources to provide outputs that describe a company'"'"'s spend capacity. These outputs can be appended to data profiles of customers and prospects and can be utilized to support decisions involving prospecting, new account evaluation, and customer management across the lifecycle. Company financial statements are utilized to identify and calculate total business spend of a company that could be transacted using a commercial credit card. A spend-like regression model may then be developed to estimate annual commercial SoSW value for customers and prospects within a credit network.
43 Citations
20 Claims
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1. A method comprising:
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calculating, by a computer-based system for estimating a commercial size of spending wallet, business spending of a company, wherein the computer-based system comprises a computer processor and a tangible, non-transitory memory; determining, by the computer-based system, the operating expenses of the company; identifying, by the computer-based system, cardable operating expenses of the company from the operating expenses of the company; and estimating, by the computer-based system, a commercial size of spending wallet of the company based on financial statement data of the company, business spending of the company, trade credit data and a model of industry spending patterns, wherein the commercial size of spending wallet comprises the company'"'"'s cost of goods sold plus the cardable operating expenses of the company. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A method comprising:
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ordering an estimation of a commercial size of spending wallet of a company; receiving the estimation of the commercial size of spending wallet of the company, wherein the estimation of the commercial size of spending wallet of the company was produced by an estimation method comprising; calculating, by a computer-based system for estimating the commercial size of spending wallet of the company, business spending of the company, wherein the computer-based system comprises a computer processor and a tangible, non-transitory memory; determining, by the computer-based system, the operating expenses of the company; identifying, by the computer-based system, cardable operating expenses of the company from the total operating expenses of the company; and estimating, by the computer-based system, the commercial size of spending wallet of the company based on financial statement data of the company, business spending of the company, trade credit data and a model of industry spending patterns, wherein the commercial size of spending wallet comprises the company'"'"'s cost of goods sold plus the cardable operating expenses of the company. - View Dependent Claims (10, 11, 12, 13, 14, 15, 16)
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17. A method comprising:
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receiving an acceptance of an offering for sale of an estimation of a commercial size of spending wallet of a company; ordering the estimation of the commercial size of spending wallet of the company, in response to the acceptance, wherein the estimation of the commercial size of spending wallet of the company was produced by an estimation method comprising; calculating, by a computer-based system for estimating the commercial size of spending wallet of the company, business spending of the company, wherein the computer-based system comprises a computer processor and a tangible, non-transitory memory; determining, by the computer-based system, the operating expenses of the company; identifying, by the computer-based system, cardable operating expenses of the company from the operating expenses of the company; and estimating, by the computer-based system, the commercial size of spending wallet of the company based on financial statement data of the company, business spending of the company, trade credit data and a model of industry spending patterns, wherein the commercial size of spending wallet comprises the company'"'"'s cost of goods sold plus the cardable operating expenses of the company. - View Dependent Claims (18, 19, 20)
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Specification