Patent ID: 7805365
Filing Date: 2010-09-28
Classification: G06Q

Abstract:
1. A method for ordering and payment allocation for a seller and a buying entity, the seller having a plurality of subsidiaries, and the buying entity having a plurality of buyers, the method comprising the acts of: receiving, at an ordering and payment allocation system, a plurality of orders comprising at least one order from more than one of the plurality of buyers associated with a buying entity, the plurality of orders corresponding to more than one subsidiary of the seller; using a computer processor, consolidating, at the ordering and payment allocation system, the plurality of orders for the buying entity into a consolidated invoice comprising particulars on the orders of the plurality of buyers associated with the buying entity; making the consolidated invoice available to the buying entity; receiving, at the ordering and payment allocation system, an indication from the buying entity as to which of the orders a payment is approved and which orders are disputed or excepted; receiving, at the ordering and payment allocation system, an aggregated payment from the buying entity; using the computer processor, disaggregating the aggregated payments by associating portions of the aggregated payment with an approved order and a corresponding subsidiary; using the computer processor, allocating the portions of each of the aggregated payments to the corresponding subsidiary for which the payment has been made; gathering A/R data and information based on the payments to subsidiaries, approved orders or the disputed or excepted orders; providing the A/R data and information to the seller; using the computer processor, performing a consolidated receivables process to gather payment data into consolidated receivables data for a single report; and using the computer processor, matching the consolidated receivables data to an outstanding sub-invoice file, and providing the matched data to the seller.