Invention Grant
- Patent Title: Facilitating electronic auction of prepayment of an invoice
- Patent Title (中): 促进电子拍卖预付发票
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Application No.: US12942119Application Date: 2010-11-09
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Publication No.: US08392317B2Publication Date: 2013-03-05
- Inventor: Kshitij Dayal , Yuan Tung , Satyajit Choudhury , Raja Polisetti , Tanvi Bakul Shah , Ramakrishna Vadla , Jegnaw Ayele , Andrew Hofler
- Applicant: Kshitij Dayal , Yuan Tung , Satyajit Choudhury , Raja Polisetti , Tanvi Bakul Shah , Ramakrishna Vadla , Jegnaw Ayele , Andrew Hofler
- Applicant Address: US CA Sunnyvale
- Assignee: Ariba, Inc.
- Current Assignee: Ariba, Inc.
- Current Assignee Address: US CA Sunnyvale
- Agent Brian R. Short
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
Embodiments for facilitating an electronic auction of prepayment of an invoice are disclosed. One method includes a supplier and a buyer approving the invoice with definite terms. The supplier electronically submits the invoice with proposed prepayment terms to an exchange platform. The exchange platform provides an electronic auction of the invoice with proposed prepayment terms to a plurality of bidders and receiving a bid from at least one of the plurality of bidders. Payment of the invoice between the winning bidder and the supplier is electronically facilitated if a winning bid is received.
Public/Granted literature
- US20120116908A1 Facilitating Electronic Auction of Prepayment of an Invoice Public/Granted day:2012-05-10
Information query