Method and system for managing accounts receivable and payable and recording medium for storing program to realize the method
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
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N/A
Issued Date -
Apr 18, 2002
app pub date -
Jun 28, 2001
filing date -
Jun 28, 2000
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
A virtual company acting as an intermediary for transactions manages accounts receivable and the accounts payable accrued between a seller organization and a buyer organization based on the ordering and order-receiving data, transfers funds and provides the financial services based on the accounts receivable. The virtual company relays the data from a party in transactions to the other party, prepares the accounts payable data and the payment management data for the buyer organization and sends them to the buyer organization, while preparing the inspected goods accounts receivable data and the receipts management data for the seller organization and sends them to the seller organization. The virtual company requests a bank to transfer funds, and notifies the seller organization that the financial services are available for the seller organization based on the accounts receivable accrued to the seller organization before the payment.
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