System and method to manage supply chain settlement, risk and liquidity

US8050975B2 · kind B2 · utility

Assignee

• Bank of America Corporation · US

Inventors

• William Jetter · Piedmont, US
• Paul Johnson · Whitley Bay, GB
• Cheryl B. Sill · Tiburon, US
• Mark D. Zanzot · Huntersville, US
• Michael J. Collis · Walnut Creek, US
• Sanjay H. Mody · Walnut Creek, US
• David G. Corral · Martinez, US
• James Louis Keesey · Sunnyvale, US

Key dates

• Filing date: Dec 23, 2003
• Grant date: Nov 1, 2011
• Expiry date: Nov 16, 2027

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q50/188
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A system to manage a supply chain may include a purchase order management module operable on a processor to electronically receive purchase order information from a buyer and to store and track information associated with each purchase order. The system may also include an invoice and trade document management module to electronically store, aggregate and manage invoices and trade documents related to each purchase order and information required for presentment and reconciliation of each purchase order.