Patent ID: 8615457
Filing Date: 2013-12-24
Classification: G06Q

Abstract:
1. A method performed by a computing device, the method comprising: generating, by the computing device, a payables profile of a client that pays a plurality of creditors, wherein the payables profile includes payment schemes provided by the client, and wherein the payment schemes correspond to debt owed to individual creditors; receiving, by the computing device, an accounts payable data file of the client, wherein the account payable data file includes a plurality of accounts payable entries; determining, by the computing device, payment schemes for the plurality of accounts payable entries, wherein the payment schemes are determined based on the received accounts payable data file and the previously generated payables profile of the client; initiating, by the computing device, payment transactions corresponding to the plurality of accounts payable entries, wherein the payment transactions are initiated in accordance with the determined payment schemes; receiving, by the computing device, payment remittance information corresponding to the initiated payment transactions; consolidating, by the computing device, the payment remittance information and the accounts payable data file to generate consolidated payment data, wherein the consolidating comprises determining whether the plurality of accounts payable entries were paid in accordance with the determined payment schemes; and generating, by the computing device, a report based on the consolidated payment data.