Automatic payment batching and release in an online procurement system

US12175437B1 · kind B1 · utility

Assignee

• Coupa Software Incorporated · US

Inventors

• Tushar Rawal · San Ramon, US
• Adam Alphin · Suffolk, US
• Rajiv Ramachandran · San Ramon, US
• David Williams · Oakland, US
• Rohit Jalisatgi · Dublin, US
• Matthew Pasquini · San Francisco, US
• Thomas Brent Knott · Sarasota, US
• Faraz A. Qureshi · Queens, US

Key dates

• Filing date: Jun 29, 2020
• Grant date: Dec 24, 2024
• Expiry date: Dec 31, 2040

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/0633
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

In an embodiment, a computer-implemented method comprises storing invoice data comprising a plurality of invoice objects, each invoice object comprising a digital programmatic object that is maintained in computer memory, each invoice object comprising one or more data fields that are programmatically linked to and storing data for an invoice between a supplier account and a buyer account, the one or more data fields including a remittance address that specifies an address to which a payment is to be sent; determining, based on the plurality of invoice objects, a set of unique remittance addresses, each unique remittance address of the set of unique remittance addresses associated with a distinct supplier account; generating a first set of payment objects based on the set of unique remittance addresses, each payment object of the first set of payment objects associated with a unique remittance address of the set of unique remittance addresses; determining, based on the plurality of invoice objects, that a particular unique remittance address of the set of unique remittance addresses is associated with multiple buyer entities of a particular buyer account; in response to determining…