Method and apparatus for processing sales transaction data
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
Jun 7, 2011
Grant Date -
Dec 12, 2002
app pub date -
Mar 15, 2001
filing date -
Mar 15, 2001
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
A system provides a way to manage agreements that institutions such as financial services companies have with distributors who sell their products. Each distributor has a plurality of sales representatives that earn commissions for selling such products. The commissions earned and any other constraints imposed on the sales representatives may be defined within a selling agreement. The system can generate each selling agreement utilizing a set of components representative of the type of agreement formed between the institutions and the distributor. The components of each selling agreement contain an associated rule set that enables a configuration engine to generate an appropriate document. The system also contains a set of regulatory conditions for each sale made by the sales representatives. The system may be utilized to process sales transaction data to ensure that selling agreement terms are followed and that regulations for each sale are satisfied.
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