Patent ID: 7376616
Filing Date: 2008-05-20
Classification: G06Q

Abstract:
1. A method for exploiting discount opportunities relating to invoices billed from a supplier to a buyer, the invoices having invoice terms which state a discount price if the invoice is paid within a discount period and a full price of the invoice is not paid within the discount period, the method comprising the steps of: identifying invoices which have discount prices associated with payment of the invoice during the discount period; providing information relating to the invoices on which discounts are available to prospective bidders; receiving bids from respective potential bidders which indicate the bidders terms upon which the respective potential bidders will pay the invoices during the discount period; selecting a winning bidder from the respective potential bidders, the winning bidder is selected based upon select criteria, whereby if no respective potential bidders meet the select criteria, no winning bidder will be selected.