ELECTRONIC INVOICE PAYMENT PREDICTION SYSTEM AND METHOD
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United States of America Patent
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app pub date -
Jan 31, 2013
filing date -
May 13, 2011
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Abandoned
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Abstract
A system and method is presented for predicting a status change of a particular invoice from among a plurality of invoices within a database, where an invoice status relates to an event occurring in a timeline of events associated with payment of the invoice. The system and method may predict when the status of the particular invoice will change by analyzing those invoices of the plurality of invoices that are associated with a given buyer, where the given buyer is the buyer associated with the particular invoice. The prediction may be a function of the date of a previous event in the sequence of events associated with the particular invoice and an average timeline of events associated with payment of invoices by the given buyer.
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