Tracking multiple payments

G - Physics – 06 – Q

Patent

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Details

G06Q 30/04 (2012.01) G06Q 20/14 (2012.01) G06Q 30/06 (2012.01)

Patent

CA 2406071

Disclosed herein is a computer implemented management system for use by an automobile manufacturer for consolidating payments to a number of automobile parts suppliers for a number of concurrent individual payment plans, each for one tool purchased from the one of automobile parts suppliers and used in the production of automobile parts by the automobile parts supplier, comprising an entry screen module for entering payables data for each tool from the automobile parts supplier; the entry screen module having a number of fields to receive a number of data items including a time period over which payments are to be made; and a total amount to be paid over the time period; the fields also including one or more of a tool identification code; an automobile parts supplier identification code; a payment plan start date; a payment plan end date; and a payment plan rate; a calculation module for calculating a payment plan for each of the incremental payments to be made over the payment period, said accounting module generating a data set encoding the payment plan; a database for storing the data sets; a payment module for assembling a payment transaction instruction for each of a series of successive payment periods, the payment transaction instruction including a payment code for each of the automobile suppliers due to be paid in the payment period, each payment code including the incremental payments to a corresponding automobile supplier; and an output module for generating an output report including the payment transaction instruction.

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