Abstract: Accounting data is classified to facilitate transaction processing and management. According to an example embodiment, data based rules are implemented for classifying transaction-related data into accounting categories. Accounting information is processed as a function of the data based rules and accordingly automatically classified. This processing involves, for example, the identification of particular data based rules to apply to the accounting information, applying the rules and processing the information accordingly.
Type:
Grant
Filed:
May 3, 2005
Date of Patent:
August 11, 2009
Assignee:
U.S. Bank National Association
Inventors:
Dean W. Hahn-Carlson, Elizabeth A. Beck, David A. Suits
Abstract: Transaction management for contract and contract-related approaches is facilitated. According to an example embodiment of the present invention, a transaction management computer is programmed to automatically set contract terms for a transaction based on business rules previously established between parties to a transaction. In one implementation, the transaction management node automatically derives a contract term including a pricing-related term for a transaction between a buyer and seller using contract information therefor. In one instance, previously-agreed-upon price approaches, such as fixed pricing, seller-controlled pricing, quantity-related tiered pricing and pricing management schemes are stored and used by the transaction management node to automatically derive the prices. With these approaches, pricing disputes that can occur after a transaction has been processed are reduced and/or eliminated.
Type:
Grant
Filed:
May 12, 2003
Date of Patent:
February 24, 2009
Assignee:
U.S. Bank National Association
Inventors:
Dean W. Hahn-Carlson, Richard G. Langer, Kevin M. Armstrong, Weiwen Xie
Abstract: Accounting data is classified to facilitate transaction processing and management. According to an example embodiment, data based rules are implemented for classifying transaction-related data into accounting categories. Accounting information is processed as a function of the data based rules and accordingly classified. This approach involves, for example, the identification of particular data based rules to apply to the accounting information, applying the rules and processing the information accordingly.
Type:
Grant
Filed:
May 3, 2005
Date of Patent:
July 1, 2008
Assignee:
U.S. Bank National Association
Inventors:
Dean W. Hahn-Carlson, Elizabeth A. Beck, David A. Suits