Payor focused business to business electronic invoice presentment and accounts payable reconciliation system and 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 -
Feb 4, 2010
app pub date -
Dec 6, 2002
filing date -
Dec 6, 2001
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
The present invention provides a system that creates a secure image of an invoice accessible to the payors and their billers through the web. Users have the option of viewing the invoice and adjudicating any disputes prior to payment. Once a payment decision has been made, payors can generate one stream of output from their enterprise resource program (ERP) systems to make payments to all of their vendors irrespective of the mode of payment. Payments will be made to all billers based on their existing preferences and the billers do not have to change their processes at all. The payments and issues file will be returned to the payors to complete posting to their accounts payables. The system provides data-feeds to all payors and billers to pre-reconcile their A/P and A/R systems.
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