Framework for processing sales transaction data

US7925513B2 · kind B2 · utility

Assignee

• Versata Development Group, Inc. · US

Inventors

• David Chao · Austin, US
• Brian Blount · Austin, US
• Joshua Toub · Austin, US
• Charles Erickson · Minneapolis, US
• Cheng Zhou · Shanghai, CN
• Shari Gharavy · Austin, US

Key dates

• Filing date: Mar 15, 2001
• Grant date: Apr 12, 2011
• Expiry date: Oct 7, 2022

Classification

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

Abstract

A framework that enables financial services companies to manage and track information about a sales force is provided. The framework includes object models for managing distributors information, for validating and tracking licenses and credentials, for creating customized contracts, and for maintaining compensation structures. The framework allows for configuring compensations, providing financial services companies a toolkit for creating and modeling their complex commission schedules used to compensate their sales force. The framework also provides modeling tools for agreements and contracts between a financial services company or provider and the distributors who sell their products. The framework has a multi-component architecture comprising multiple modules, multiple data processing engines, a backbone and multiple data sources. The processing modules carry out information processing using one or more data processing engines. The data processing provides the tools to fetch data from the databases and process it.