International cash management software using machine learning

US11532040B2 · kind B2 · utility

Assignee

• Bottomline Technologies, Sarl · CH

Inventor

• Edouard Joliveau · Monthoux, FR

Key dates

• Filing date: Nov 12, 2019
• Grant date: Dec 20, 2022
• Expiry date: Dec 9, 2039

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/02
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method and apparatus for improving the management of cash and liquidity of an organization utilizing a plurality of currency accounts is described. The improvements optimize the interest earnings for the cash balances in each currency account, and minimizes the expenses related to funding the currency accounts. Machine learning techniques are incorporated to forecast payments, receipts, interest rates and currency exchange rates, and then cash is transferred or borrowed or loaned to fund the payments and utilize available cash.