Invention Grant
- Patent Title: Method and system for vendor management
- Patent Title (中): 供应商管理方法和系统
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Application No.: US10937879Application Date: 2004-09-10
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Publication No.: US07707055B2Publication Date: 2010-04-27
- Inventor: Ralph J. Behmoiras , William C. Erbey , Arthur J. Castner , Christopher Kennedy , Keith S. Reno
- Applicant: Ralph J. Behmoiras , William C. Erbey , Arthur J. Castner , Christopher Kennedy , Keith S. Reno
- Applicant Address: LU Luxembourg
- Assignee: Altisource Solutions S.A.R.L.
- Current Assignee: Altisource Solutions S.A.R.L.
- Current Assignee Address: LU Luxembourg
- Agency: Arent Fox LLP
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
A method and system for managing business transactions, such as mortgages or other financial transactions. A business transaction between an end user and a financial institution includes sub-transactions between the end user and a vendor. A software system performs functions to complete the business transaction. Automated ordering allows an end user to quickly and easily order a sub-transaction without input from the financial institution or the vendor, and also automatically orders sub-transactions upon satisfaction of a trigger event. Vendor management functionality allows a financial institution to manage the transactions of a vendor. Qualitative performance analysis functionality allows an end user to monitor and evaluate a vendor's price, turn-around time, quality score, and overall score. Vendor distribution functionality distributes sub-transactions among vendors. Vendor management company functionality allows a vendor management company—a vendor that outsources some or all of its sub-transactions to independent service providers—to effectively use the system.
Public/Granted literature
- US20050216395A1 Method and system for vendor management Public/Granted day:2005-09-29
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