System and method for recognizing revenue and managing revenue lifecycles
US12373900B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Jan 29, 2024 |
| Grant date | Jul 29, 2025 |
| Priority date | — |
| Expiry date | Jan 29, 2044 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/018
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A system and method for calculating variable consideration for performance obligations. The method can involve, checking a database for historical transaction data, accessing the historical transaction data, and applying one or more predetermined variable consideration rules to the historical transaction data. The method can include automatically analyzing the historical transaction data generating an analysis report based on the data. The method can include uploading predetermined corrections to variable consideration transactions to a database or other storage medium and applying the corrections to historical performance obligation transaction data. The method can include determining whether variable consideration changes should be applied to individual transaction lines within the variable consideration transactions.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.