Patent ID: 6882983
Filing Date: 2005-04-19
Classification: G06Q

Abstract:
1. A method for automatically processing transactions between a buying company and a selling company, comprising the steps of: (a) obtaining via a computer network purchase order data having at least one entry, the purchase order data including purchase order header information and purchase order detail information having line items; (b) obtaining via a computer network invoice data having at least one entry, the invoice data including invoice header information and invoice detail information having line items; (c) automatically comparing selected purchase order header information and corresponding selected invoice header information to identify a matched record having purchase order data and corresponding invoice data; (d) automatically comparing via a computer the total cost of goods received from the matched record purchase order data and total cost of goods shipped from the matched record invoice data according to a predetermined tolerance; (e) if the total costs are within the predetermined tolerance, then automatically providing for payment of invoices corresponding to the matched record invoice data; (f) if the total costs are not within the predetermined tolerance, then electronically comparing selected purchase order line items and selected invoice line items according to predetermined rules; (g) if the selected line item comparison satisfies the predetermined rules, then providing for payment of the line item(s) corresponding to the selected invoice line item(s); and (h) if the selected line item comparison does not satisfy the predetermined rules,