System and method for efficient presentment and payment of bills from multiple independent entities in a hierarchically structured business project
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United States of America Patent
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N/A
Issued Date -
Jun 6, 2002
app pub date -
Dec 3, 2001
filing date -
Dec 1, 2000
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
A system and method for direct presentment and clearance of bills generated in a hierarchal business organization over a network of computers comprises a hierarchal business organization having a plurality of tiers of entities related by common business interests, the tiers including billing entities, each billing entity in contractual relation with a hiring entity in a superior tier of the organization, the hierarchal business organization including at least one paying entity, the system providing for direct billing by each billing entity to a central business process administrator, direct payment to each entity by the business process administrator, and for associated inspection of the entity's work and clearance of mechanic's liens.
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