Patent ID: 8121918
Filing Date: 2012-02-21
Classification: G06Q

Abstract:
1. A method of managing vendors, comprising: modeling, by a computer-based system for managing vendors comprising a computer processor and a tangible, non-transitory memory, industry spending patterns using individual corporate data and aggregate corporate data, including financial statement data, wherein the modeling comprises: estimating, by the computer-based system, a commercial size of spending wallet of a company based on, at least, known financial statement data of the company, total known business spending of the company, and the model of industry spending patterns, wherein the commercial size of spending wallet is the total cardable business spending of the company, and wherein the model of industry spending patterns is used to infer financial statement data and spending data that is not known; and managing inclusion of the company on a vendor list based on, at least, the commercial size of spending wallet of the company.