SaaS application contract terms benchmarking in a SaaS management platform
US11811858B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Oct 28, 2022 |
| Grant date | Nov 7, 2023 |
| Priority date | — |
| Expiry date | Oct 28, 2042 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q50/18
- WIPO fieldDigital communication
- WIPO sectorElectrical engineering
Abstract
A method implemented in a software as a service (SaaS) management platform, includes: receiving a plurality of contract files relating to purchases of a SaaS application; identifying terms in the plurality of contract files; assigning a normalization SKU to respective contract files based on the terms identified in the respective contract files; generating anonymized contract data by storing the terms of each contract file in association with the normalization SKU assigned to the contract file in an anonymous manner; responsive to a request from a client device, accessing the anonymized contract data to generate a distribution of terms of the anonymized contract data, generating benchmark data identifying an approximate location of terms of a given customer's contract file within the distribution, and returning the benchmark data to the client device for rendering through a user interface.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.