Patent ID: 8321313

Claim:
A process for procuring at least one good, at least one service, or combinations thereof, for achieving reconciliation of actual data compiled by a seller with a purchase order for a project provided by a buyer, the process comprising: obtaining and storing in at least one data storage medium electronically accessible to a processor the purchase order relating to the at least one good, the at least one service, or combinations thereof required for performance of at least a portion of the project; receiving and storing in at least one data storage medium electronically accessible to the processor actual data provided by the seller, wherein the actual data comprises an indication of the at least one good, the at least one service, or combinations thereof used for performance of at least a portion of the project; receiving and storing in at least one data storage medium electronically accessible to the processor an invoice provided by the seller corresponding to at least said portion of the project upon completion of at least said portion of the project; comparing, by utilizing one or more processors, the purchase order, actual data, and invoice to determine one or more discrepancies between any two or all three of the purchase order, actual data and invoice; sending, by utilizing the processor, an electronic notification of said one or more discrepancies to at least one buyer, at least one seller, or combinations thereof; receiving and storing in at least one computer readable medium electronically accessible to a processor a proposed reconciliation from the at least one buyer or the at least one seller; and receiving and storing in at least one computer readable medium electronically accessible to a processor approval or disapproval of the proposed reconciliation from the at least one buyer or the at least one seller.