System and method for inter-firm billing processing

A technology for companies and users, used in data processing applications, computing, payment architecture, etc.

Pending Publication Date: 2017-08-18
A F 沙班 +1
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

[0042] Thus, nowhere in the prior art is it seen that an improved and expedient means can be provided to handle transactions across multiple different legal entities on the corporate ledger and legal ledger of the sending legal entity (sle) and receiving legal entity (rle). A billing or financial system for transfers and settlement of transactions, triggered by cash or non-cash events

Method used

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Examples

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Embodiment Construction

[0086] Now shown in FIG. 1 is a flow diagram of intercompany billing and transfer accounting of an embodiment of the present invention, which demonstrates inter-firm, inter-company, and inter-office billing and financial processing and transfer accounting financial management business method 10 used in the process for the business method. This flowchart depicts how this process applies to intercompany billing in a BV ending with management report extraction. The abbreviations used in this figure are GL: General Ledger, IFD: [International] Finance Department, and IF: Intercompany.

[0087] The process begins with a Financial Analyst / Finance Team 12 or other similar type of role handling monthly checks and reconciliations through the ERP or other similar system. All of the following steps, where each process flow shown to be completed by the ERP, can be completed by other similar systems, and all of the roles identified can be completed by other individuals with different role...

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PUM

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Abstract

The present invention consists of an improved system and method for raising inter-firm invoices, processing transfers and postings. The system and method provides for raising invoices and processing transfers for processing directly between two entities, or through a plurality of entities all in one streamlined system. With this improved system and method, associated businesses or organizations may collect their cost sharing expenses across multiple entities seamlessly. Further, each entity may specify the frequency to receive invoices from other entities. With such an improved System, Inter-firm transfers and postings can be readily accomplished immediately, processing hundreds of thousands of time entries in less than one business day.

Description

[0001] claim priority [0002] This application hereby claims the benefit of priority to Provisional Application No. 62 / 070,882, filed August 21, 2014, and will be considered as if it were fully presented in this application. technical field [0003] In general terms, the exemplary and non-limiting embodiments of the present invention relate to timekeeping, financial processing, transfer and billing systems for use in firms, corporations and consortia comprised of multiple offices or legal entities field. Background technique [0004] In the current market there are computerized time and billing systems for professional firms sold under the trademarks: Elite, BillQuick, etc. Some of these systems are computer-based, while others primarily operate in cloud computing environments. However, these systems are not suitable for large professional firms and business associations with a global distribution that have multiple offices in multiple countries that must be linked togeth...

Claims

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Application Information

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Patent Type & Authority Applications(China)
IPC IPC(8): G06Q20/14G06Q30/04
CPCG06Q10/1091G06Q30/04G06Q40/125
Inventor A·F·沙班V·坦德拉
Owner A F 沙班
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