System and method for managing accounts payable and accounts receivable
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United States of America Patent
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-
Dec 21, 2010
Grant Date -
Dec 23, 2004
app pub date -
Jan 12, 2004
filing date -
Apr 28, 2003
priority date (Note) -
In Force
status (Latency Note)
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Abstract
A system and method for managing accounts payable that allocates at least a portion of an invoiced dollar amount to a virtual account associated with a vendor, allows the vendor to request that a dispersal dollar amount be transferred from the virtual account to a real account associated with the vendor, and initiates an electronic transfer of the dispersal dollar amount from a real account to the real account associated with the vendor.
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