Invoice financing

Abstract

An electronic invoice financing system (10) includes a supplier invoice transmitter (12) to transmit details of a supplier invoice to a debtor approval manager (16) operable by, or operable to assist, at least one financial institution which finances invoices issued by the supplier, and a debtor accounts payable transmitter (14) to transmit details of a supplier invoice approved for payment, to said debtor approval manager (16). The debtor approval manager (16) includes, or has access to, a database of approved debtors and is configured to receive invoice details from the supplier invoice transmitter (12) and from the debtor accounts payable transmitter (14), and to indicate the status of an invoice for which details were received as validated or verified.

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Patent Citations (2)

    Publication numberPublication dateAssigneeTitle
    US-2005144130-A1June 30, 2005Staniar Jud C., Maxie Kimberley A., Tsarnas Kristen A., Aiken Marissa D.Method and apparatus for automatically processing invoiced payments with selectable payment terms
    US-2005177435-A1August 11, 2005Derek LidowSupply chain network

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