Patents by Inventor Joshua Toub
Joshua Toub has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).
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Patent number: 8239312Abstract: A method and apparatus for consolidating net-pay and debt management of a sales representative or sales team is presented. A party associated with the sales representatives may obtain debts and specify rules on payment of those debts which can be tracked back to the domain (e.g., agreements, rules, sale item, etc.). The ledger items created for that distributor by the commission engine are typically processed to distribute payments into accounts specified by the distributor and to pay debts obtained by the distributor. Available money may be split into various methods of payments for a distributor. These splits can be tracked by adding various constraints (related to the financial industries business model). The system allows the user to model the payment rule/constraints. Payment splits support pay-outs to alternate payee from funds of a distributor. The distributor may specify deduction rules which can be applied to the distributors earning to facilitate deductions for items such as taxes, mutual funds etc.Type: GrantFiled: March 15, 2001Date of Patent: August 7, 2012Assignee: Versata Development Group, Inc.Inventors: Cheng Zhou, Rangarajan Venkastesan, Joshua Toub
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Publication number: 20120130877Abstract: A system provides a way to manage agreements that institutions such as financial services companies have with distributors who sell their products. Each distributor has a plurality of sales representatives that earn commissions for selling such products. The commissions earned and any other constraints imposed on the sales representatives may be defined within a selling agreement. The system can generate each selling agreement utilizing a set of components representative of the type of agreement formed between the institutions and the distributor. The components of each selling agreement contain an associated rule set that enables a configuration engine to generate an appropriate document. The system also contains a set of regulatory conditions for each sale made by the sales representatives. The system may be utilized to process sales transaction data to ensure that selling agreement terms are followed and that regulations for each sale are satisfied.Type: ApplicationFiled: May 24, 2011Publication date: May 24, 2012Inventors: David Chao, Brian Blount, Joshua Toub, Shari Gharavy, Cheng Zhou, Charles Erickson
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Publication number: 20110231197Abstract: A framework that enables financial services companies to manage and track information about a sales force is provided. The framework includes object models for managing distributors information, for validating and tracking licenses and credentials, for creating customized contracts, and for maintaining compensation structures. The framework allows for configuring compensations, providing financial services companies a toolkit for creating and modeling their complex commission schedules used to compensate their sales force. The framework also provides modeling tools for agreements and contracts between a financial services company or provider and the distributors who sell their products. The framework has a multi-component architecture comprising multiple modules, multiple data processing engines, a backbone and multiple data sources. The processing modules carry out information processing using one or more data processing engines.Type: ApplicationFiled: February 7, 2011Publication date: September 22, 2011Inventors: David Chao, Brian Blount, Joshua Toub, Charles Erickson, Cheng Zhou, Shari Gharavy
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Patent number: 7958024Abstract: A system provides a way to manage agreements that institutions such as financial services companies have with distributors who sell their products. Each distributor has a plurality of sales representatives that earn commissions for selling such products. The commissions earned and any other constraints imposed on the sales representatives may be defined within a selling agreement. The system can generate each selling agreement utilizing a set of components representative of the type of agreement formed between the institutions and the distributor. The components of each selling agreement contain an associated rule set that enables a configuration engine to generate an appropriate document. The system also contains a set of regulatory conditions for each sale made by the sales representatives. The system may be utilized to process sales transaction data to ensure that selling agreement terms are followed and that regulations for each sale are satisfied.Type: GrantFiled: March 15, 2001Date of Patent: June 7, 2011Assignee: Versata Development Group, Inc.Inventors: David Chao, Brian Blount, Joshua Toub, Shari Gharavy, Cheng Zhou, Charles Erickson
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Publication number: 20110125635Abstract: An embodiment of the invention provides a system that enables financial services companies to manage and track information about a sales force. The system includes components for managing distributors information, for validating and tracking licenses and credentials, for creating customized contracts, and for maintaining compensation structures. The system allows for configuring compensations, providing financial services companies a toolkit for creating and modeling their complex commission schedules used to compensate their sales force. The system also provides modeling tools for agreements and contracts between a financial services company or provider and the distributors who sell products. The system has a multi-component architecture comprising multiple modules, multiple data processing engines, a backbone and multiple data sources. The processing modules carry out information processing using one or more data processing engines.Type: ApplicationFiled: February 3, 2011Publication date: May 26, 2011Inventors: David Chao, Brian Blount, Charles Erickson, Shari Gharavy, Cheng Zhou, Joshua Toub
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Patent number: 7925513Abstract: A framework that enables financial services companies to manage and track information about a sales force is provided. The framework includes object models for managing distributors information, for validating and tracking licenses and credentials, for creating customized contracts, and for maintaining compensation structures. The framework allows for configuring compensations, providing financial services companies a toolkit for creating and modeling their complex commission schedules used to compensate their sales force. The framework also provides modeling tools for agreements and contracts between a financial services company or provider and the distributors who sell their products. The framework has a multi-component architecture comprising multiple modules, multiple data processing engines, a backbone and multiple data sources. The processing modules carry out information processing using one or more data processing engines.Type: GrantFiled: March 15, 2001Date of Patent: April 12, 2011Assignee: Versata Development Group, Inc.Inventors: David Chao, Brian Blount, Joshua Toub, Charles Erickson, Cheng Zhou, Shari Gharavy
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Patent number: 7908304Abstract: An embodiment of the invention provides a system that enables financial services companies to manage and track information about a sales force. The system includes components for managing distributors information, for validating and tracking licenses and credentials, for creating customized contracts, and for maintaining compensation structures. The system allows for configuring compensations, providing financial services companies a toolkit for creating and modeling their complex commission schedules used to compensate their sales force. The system also provides modeling tools for agreements and contracts between a financial services company or provider and the distributors who sell products. The system has a multi-component architecture comprising multiple modules, multiple data processing engines, a backbone and multiple data sources. The processing modules carry out information processing using one or more data processing engines.Type: GrantFiled: March 15, 2001Date of Patent: March 15, 2011Assignee: Versata Development Group, Inc.Inventors: David Chao, Brian Blount, Charles Erickson, Shari Gharavy, Cheng Zhou, Joshua Toub
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Publication number: 20020188535Abstract: Systems embodying the invention provide a way to manage the agreements that institutions such as financial services companies have with the distributors who sell their products. Each distributor has a plurality of sales representatives that earn commissions for selling such products. The commissions earned and any other constraints imposed on the sales representatives may be defined within a selling agreement that is generated using the system. In one embodiment of the invention, the system generates each selling agreement utilizes a set of components representative of the type of agreement formed between the institutions and the distributor. The components of each selling agreement contain an associated rule set that enables a configuration engine to generate an appropriate document. The system also contains a set of regulatory conditions that must be met for each sale made by the sales representatives. The system verifies that the regulatory conditions are met (e.g.Type: ApplicationFiled: March 15, 2001Publication date: December 12, 2002Inventors: David Chao, Brian Blount, Joshua Toub, Shari Gharavy, Cheng Zhou, Charles Erickson
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Publication number: 20020169678Abstract: A framework that enables financial services companies to manage and track information about a sales force is provided. The framework includes object models for managing distributors information, for validating and tracking licenses and credentials, for creating customized contracts, and for maintaining compensation structures. The framework allows for configuring compensations, providing financial services companies a toolkit for creating and modeling their complex commission schedules used to compensate their sales force. The framework also provides modeling tools for agreements and contracts between a financial services company or provider and the distributors who sell their products. The framework has a multi-component architecture comprising multiple modules, multiple data processing engines, a backbone and multiple data sources. The processing modules carry out information processing using one or more data processing engines.Type: ApplicationFiled: March 15, 2001Publication date: November 14, 2002Inventors: David Chao, Brian Blount, Joshua Toub, Charles Erickson, Cheng Zhou, Shari Gharavy
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Publication number: 20020133458Abstract: A method and apparatus for consolidating net-pay and debt management of a sales representative or sales team is presented. A party associated with the sales representatives may obtain debts and specify rules on payment of those debts which can be tracked back to the domain (e.g., agreements, rules, sale item, etc.). The ledger items created for that distributor by the commission engine are typically processed to distribute payments into accounts specified by the distributor and to pay debts obtained by the distributor. Available money may be split into various methods of payments for a distributor. These splits can be tracked by adding various constraints (related to the financial industries business model). The system allows the user to model the payment rule/constraints. Payment splits support pay-outs to alternate payee from funds of a distributor. The distributor may specify deduction rules which can be applied to the distributors earning to facilitate deductions for items such as taxes, mutual funds etc.Type: ApplicationFiled: March 15, 2001Publication date: September 19, 2002Inventors: Cheng Zhou, Rangarajan Venkastesan, Joshua Toub
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Publication number: 20020133383Abstract: An embodiment of the invention provides a system that enables financial services companies to manage and track information about a sales force. The system includes components for managing distributors information, for validating and tracking licenses and credentials, for creating customized contracts, and for maintaining compensation structures. The system allows for configuring compensations, providing financial services companies a toolkit for creating and modeling their complex commission schedules used to compensate their sales force. The system also provides modeling tools for agreements and contracts between a financial services company or provider and the distributors who sell products. The system has a multi-component architecture comprising multiple modules, multiple data processing engines, a backbone and multiple data sources. The processing modules carry out information processing using one or more data processing engines.Type: ApplicationFiled: March 15, 2001Publication date: September 19, 2002Inventors: David Chao, Brian Blount, Charles Erickson, Shari Gharavy, Cheng Zhou, Joshua Toub