Patent ID: 7617146

Claim:
A computerized system for facilitating proposed factoring transactions between a funding source and a client in which the funding source advances funds to the client based on accounts receivable to the client by one or more customers on one or more invoices, said system comprising: database hardware having a database storing data that describes a plurality of invoices that are owing to one or more clients by one or more customers, said data for each said invoice including an identity of a said client to which the invoice is owed, an identity of a said customer owing on the invoice and an amount of said invoice; and a processor at which is executable a computer program that supports at least one rule that determines, based on the data, a state of a predefined parameter that is a condition to factoring the plurality of invoices and that is configured to receive instructions from a first said client to submit one or more first said invoices to a funding source for an advance of funds on accounts receivable on the one or more first invoices, provide the funding source access to the data describing each said first invoice, and determine, according to the at least one rule, the state of the predefined parameter for each said first invoice, when the funding source accesses the data of the one or more first invoices, display, in association with each said first invoice, a predetermined symbol that identifies the state of the parameter, receive instructions from the funding source indicating selection of a said first invoice for advance of funds, and provide the funding source access to data describing the selected first invoice, indicating that funds have been advanced against the selected first invoice.