System and method for implementing unified billing and unified rating operations

US10713732B2 · kind B2 · utility

Assignee

• Netsuite Inc. · US

Inventors

• Dennis Paul Shak · Saratoga, US
• Jeremy John Blanchard · Redwood City, US
• Andrew Owen Vincent · Fareham, GB
• Peter Fung · San Mateo, US
• Xiaozheng (Michael) Ye · Foster City, US
• Stephen Clode · San Jose, US
• Truman (Clyde) Adley, Jr. · Austin, US
• Christopher Craxton · Austin, US
• Jeffrey Jones · Burns, US
• Brian Alexander Purville · San Francisco, US

Key dates

• Filing date: Dec 15, 2016
• Grant date: Jul 14, 2020
• Expiry date: May 23, 2038

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/04
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Systems and methods of processing business related data arising from multiple revenue sources (e.g., sales, subscriptions, professional services, vendors, etc.). In some embodiments, the inventive system and methods enable a more flexible and efficient approach to identifying revenue source events (mediation), pricing those events (typically as part of a rating process), and subsequently leveraging those “ratable events” in the billing and revenue recognition subsystems according to configurable rules and schedules. Data regarding those charges or other aspects of a ratable event may then be used and processed by multiple sub-systems that are part of operating a business; such sub-systems may include one or more of ERP, CRM, HCM, financial, accounting, taxation, or other business-related system or function.