Abstract: A computerized system and method 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 includes a computer program that receives instructions from a client to submit one or more invoices to a funding source for an advance of funds on accounts receivable on the chosen invoices and that provides access to invoice data to a funding source for determining whether the funding source will advance funds on the chosen invoices.
Type:
Application
Filed:
November 6, 2009
Publication date:
February 25, 2010
Applicants:
PRIMEREVENUE, INC., MILLENNIA VENTURES, INC.
Abstract: A computerized system and method 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 includes a computer program that receives instructions from a client to submit one or more invoices to a funding source for an advance of funds on accounts receivable on the chosen invoices and that provides access to invoice data to a funding source for determining whether the funding source will advance funds on the chosen invoices.
Type:
Grant
Filed:
September 5, 2001
Date of Patent:
November 10, 2009
Assignees:
Primerevenue, Inc., Millennia Ventures, Inc.