Patent ID: 11935133
Assignee: SALUS FINANCE, LLC
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 17:
18. A system for consolidating and reconciling invoices, comprising:
an input port receiving benefits information related to insurance benefits recipients;
a rules engine having a plurality of rules and enforcing said rules on the benefits information, said rules engine being configured to monitor the benefits information for determining exceptions based on the rules;
said input port receiving a plurality of invoices concerning one or more benefits vendors provided to said recipients;
a processing unit including a processor for executing a consolidation module and a reconciliation module;
said consolidation module standardizing said plurality of invoices and merging said invoices into a single statement;
said reconciliation module analyzing and comparing said single statement against said benefits information to detect inequalities, said inequalities being designated as exceptions, said reconciliation module generating a reconciled single statement comprising data elements from said plurality of invoices that do not result in exceptions; and
an output port that transmits the reconciled single statement to a client device configured to make a single deposit of funds for settling said invoices concerning said one or more benefits vendors.