System and method for data comparison and reconciliation by a business customer using an electronic bill presentment system

a business customer and electronic bill technology, applied in the field of new feature of electronic bill presentment system, can solve the problems of time-consuming process for business customers to review these lengthy and data-intensive invoices

Inactive Publication Date: 2009-01-01
TRENDIUM +1
View PDF3 Cites 5 Cited by
  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Benefits of technology

This technology allows companies or individuals who want to compare their billings against each other by storing them separately on an electronic device called an Electronic Billbook (EBP). Customers store both types of data - they have stored therein all about themselves – while also keeping track of how much money they are spending at different times during the day. When one type of data differs from another due to any reason like being late last night or overdrafting charges, it will trigger automatic alert systems within minutes instead of waiting until later before taking corrective actions afterward.

Problems solved by technology

The technical problem addressed by this patented technology relates how busy consumers who want or require electronic communication often have difficulty understanding their own personal details when submitting emails containing detailed descriptions about each other's needs. This makes them hard-to manage complex documents that contain large amount of detail from previous email requests.

Method used

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
View more

Image

Smart Image Click on the blue labels to locate them in the text.
Viewing Examples
Smart Image
  • System and method for data comparison and reconciliation by a business customer using an electronic bill presentment system
  • System and method for data comparison and reconciliation by a business customer using an electronic bill presentment system
  • System and method for data comparison and reconciliation by a business customer using an electronic bill presentment system

Examples

Experimental program
Comparison scheme
Effect test

Embodiment Construction

[0016]Business customers of EBPP billers may benefit from reconciling the line item data in their statements to data that they have on file in their own systems. The improved EBPP method described herein allows business customers to upload a file of their local data and compare it to the line items associated with a statement in the EBPP system. This comparison will create a report that can be reviewed by the business customer and downloaded to their local PC.

[0017]There are many different types of EBPP relationships where a system embodying the present invention may be beneficial for a business customer. An example of an insurance company that invoices business customers will be described. However, it will be understood by one skilled in the art that the invention is not limited to insurance invoices.

[0018]In this illustrative example, an insurance company offers business customers group plans for their employees. The billing amount for the business customer is based on how many emplo

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
Login to view more

PUM

No PUM Login to view more

Abstract

A method for flexible automated comparison of a biller's data with the business customer's data via the EBPP system that is in place between the two. The biller stores a first set of customer billing data in its EBPP database. The customer stores a second set of customer billing data reflecting its most current information. The biller presents an electronic statement to the customer based on the first set of customer billing data. The customer selects one or more of the invoices for comparison and billing data fields to perform comparison on. The customer transmits an input file to the biller reflecting local data. The biller EBPP system then compares the customer's local billing data with the EBPP data. The step of comparing further includes selecting a comparison set of data from the EBPP data based on the one or more invoices selected by the customer. The comparison is performed on the fields indicated for comparison by the customer. The type of comparison to be done may also be indicated in the input file. The EBPP system of the biller then provides a comparison report to the customer showing instances where the comparison set and the second set of data are different.

Description

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
Login to view more

Claims

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
Login to view more

Application Information

Patent Timeline
no application Login to view more
Owner TRENDIUM
Who we serve
  • R&D Engineer
  • R&D Manager
  • IP Professional
Why Eureka
  • Industry Leading Data Capabilities
  • Powerful AI technology
  • Patent DNA Extraction
Social media
Try Eureka
PatSnap group products

Browse by: Latest US Patents, China's latest patents, Technical Efficacy Thesaurus, Application Domain, Technology Topic.

© 2024 PatSnap. All rights reserved.Legal|Privacy policy|Modern Slavery Act Transparency Statement|Sitemap