Method and apparatus for managing credit inquiries within account receivables

US6847942B1 · kind B1 · utility

Assignee

• General Electric Canada Equipment Finance G.P. · CA

Inventors

• David Land · Mississauga, CA
• Alan Getgood · London, CA

Key dates

• Filing date: May 2, 2000
• Grant date: Jan 25, 2005
• Expiry date: May 2, 2020

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/12
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

The Accounts Receivable System's Credit Inquiry Module reviews payment history and performs credit inquiries by analyzing data from internal and external sources. The Credit Inquiry Module uses this analysis for credit management and customer contact. The Credit Inquiry Module based on customer payment data predicts overall cash forecasting for the client. The Credit Inquiry Module is utilized for account reconciliation and audit verification for tracking transactions at the customer level.