Vendor management platform

US11861723B2 · kind B2 · utility

Assignee

• AON RISK SERVICES, INC. OF MARYLAND · US

Inventors

• Lewis C. Lee · Seattle, US
• Louise Janice Luvina Bowman · Redmond, US
• Samuel Cameron Fleming · Spokane, US
• David Christopher Ledgerwood · Spokane, US
• Jesus Gonzalez · Jacksonville, US

Key dates

• Filing date: Jun 22, 2020
• Grant date: Jan 2, 2024
• Expiry date: Nov 3, 2040

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q50/184
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Systems and methods for generation and use of vendor management platform architectures are disclosed. A compliance component may be utilized to receive user input data indicating supply contracts between a client and a vendor. The user input data may be utilized to determine insurable obligations associated with the supply contract and provide indications as to whether or not the vendor is compliant with the insurable obligation required by the supply contract. An exposure assessment component may be utilized to determine an exposure score associated with a client account and/or a vendor account based on various compliance factors, spending amounts, and/or properties associated with at least one of goods and/or services that a vendor will supply to a client.