System and method of offsetting invoice obligations

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 8229807
APP PUB NO 20090043678A1
SERIAL NO

12188875

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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Methods for resolving invoice obligations are disclosed that include: a) providing at least one sales invoice, wherein each sales invoice comprises a credit value, b) providing at least one purchase invoice, wherein each purchase invoice comprises a debit value, and c) offsetting at least part of the debit value of a purchase invoice with at least part of the credit value of a sales invoice. Methods are also disclosed for resolving invoice obligations that include: a) providing at least one seller having at least one sales invoice, b) providing at least one customer having at least one sales invoice and at least one purchase invoice, wherein at least one of the at least one sales invoice and at least one of the at least one purchase invoice forms an invoice chain; and c) offsetting the at least one sales invoice of the seller with at least one sales invoice of the customer, at least one purchase invoice or a combination thereof. Systems and software for resolving invoice obligations are disclosed that include: a) an executable code for intelligently determining an invoice chain comprising at least one purchase invoice having a debit value and at least one sales invoice having a credit value and offsetting the debit value with the credit value, b) a medium for executing the executable code, c) a display device, and d) an interaction tool for executing the executable code.

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Patent Owner(s)

Patent OwnerAddress
ZECONOMY INC33 WEST 60TH STREET 2ND FLOOR LIB 2-5 NEW YORK NY 10023

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
ElBizri, Samer Los Angeles, US 4 17

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