SYSTEM AND METHOD FOR AUTOMATED COLLECTIONS OF DEBTS FOR BUSINESSES

Title:

SYSTEM AND METHOD FOR AUTOMATED COLLECTIONS OF DEBTS FOR BUSINESSES

Document Type and Number:

WIPO Patent Application WO/2016/007334

Kind Code:

A8

Abstract:

The present invention consists of an improved Billing and Collections system wherein the company or firm may create an online account and the user may select one or more of the following: language for billing, currency desired for payment, an exchange rate table preferred by the user for foreign currency payments and the amount and manner of late payment reminders, namely, whether by phone, fax, text or email. The system can automatically send out dunning communications after preselected periods of time and by preselected methods chosen by the firm or company. The system may automatically allocate payments to various accounting and tax categories.

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Inventors:

SHAABAN AHMED (US)
THANDRA VENKAT (US)

Application Number:

PCT/US2015/038714

Publication Date:

March 03, 2016

Filing Date:

June 30, 2015

Export Citation:

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Assignee:

SHAABAN AHMED (US)
THANDRA VENKAT (US)

International Classes:

G06Q10/06; G06F17/40; G06F21/62; G06Q20/16; G06Q30/06

Attorney, Agent or Firm:

SHAABAN, Ahmed (Chicago, IL, US)

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