System and method for assessing and managing financial transactions
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United States of America Patent
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Jan 10, 2012
Grant Date -
Jul 14, 2011
app pub date -
Mar 30, 2011
filing date -
Nov 25, 2003
priority date (Note) -
In Force
status (Latency Note)
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Abstract
A financial terms alert generation system comprises an information retrieval module, a financial terms comparison module, and an alert transmission module. The information retrieval module is configured to retrieve financing information, customer information, and product information from one or more sources accessible on a network. The financial terms comparison module is configured to compare a customer's current financial arrangement to a potential new financial arrangement to determine whether the customer is able to enter into a new financial arrangement on terms favorable to the customer. The alert transmission module is configured to transmit an alert to a dealer in cases in which the financial terms comparison module determines that a customer is able to enter into a new financial arrangement on terms favorable to the customer. Such alerts identify the customer and the favorable financial terms.
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