Daniel Lee Duncan

US Patent:

20070156584, Jul 5, 2007

Filed:

Nov 20, 2006

Appl. No.:

11/561837

Inventors:

Robert Barnes - London, GB
Daniel Duncan - Atlanta GA, US
Paul Arne - Atlanta GA, US

Assignee:

PrimeRevenue, Inc. - Atlanta GA

International Classification:

G06Q 40/00

US Classification:

705040000

Abstract:

In an electronic supply chain finance system, a method of enabling a supplier optionally to sell accounts receivable owed to the supplier, comprising receiving a payment obligation from a buyer, the payment obligation having a value and a maturity date, presenting the payment obligation to the supplier prior to the maturity date, providing the supplier with an opportunity to sell the payment obligation at a discounted value to a financial institution or other third party prior to the maturity date, and, thereafter, on the maturity date, receiving payment from the buyer for the value of the payment obligation regardless of whether the supplier sold the payment obligation prior to the maturity date. Disbursing or causing the disbursement of the value of the payment obligation to the financial institution or to the supplier based on whether or not the supplier accepted early payment from the financial institution.

US Patent:

20070214077, Sep 13, 2007

Filed:

Feb 21, 2007

Appl. No.:

11/677488

Inventors:

Robert Barnes - London, GB
Daniel Duncan - Atlanta GA, US

Assignee:

PrimeRevenue, Inc. - Atlanta GA

International Classification:

G06Q 40/00

US Classification:

705038000

Abstract:

An automated asset based lending (ABL) system that integrates supplier receivables data, allowing financial institutions optimally to value and price lending against those receivables, thus enabling financial institutions to offer suppliers a maximum borrowing base with minimum risk and highest return to the financial institution, further enabling the financial institution to conduct business in multiple currencies, time zones and countries using a computer based ABL process. In an asset based lending system having a client and at least one financial institution, a method for valuing and pricing client's receivables, the method comprising, downloading accounts receivable information from the client, the accounts receivable information having a specified currency, calculating a borrowing base for the client via utilizing debtor risk ratings, pricing profiles, valuation profiles and pricing tiers, and applying fees and interest as specified in the pricing profile associated with the valuation profile.

US Patent:

20070282724, Dec 6, 2007

Filed:

May 25, 2007

Appl. No.:

11/754215

Inventors:

Robert Barnes - London, GB
Daniel Duncan - Atlanta GA, US

Assignee:

PrimeRevenue, Inc. - Atlanta GA

International Classification:

G06Q 40/00

US Classification:

705035000

Abstract:

In an automated asset based lending (ABL) system, a method of enabling the client and the financial institution to automate reconciliation of deposit data against a borrowing base, the method comprising receiving cash application data from the client, receiving deposit data from the client and matching the deposit data to a client ledger, the deposit data including a deposit amount, identifying the client and identifying a client bank account, the client ledger including draws, cash applications and invoices, denoting the deposit amount as unapplied cash, determining a minimum immediate refund amount, the refund amount corresponding to non-funded cash, matching the deposit amount to cash applications and creating cash applications against the invoices, the cash application corresponding to the deposit amount, and applying a balance remaining from the deposit amount to at least one draw and/or recovery account, wherein the balance is applied to the oldest draw and/or recovery account available.

US Patent:

20070282744, Dec 6, 2007

Filed:

May 31, 2007

Appl. No.:

11/756484

Inventors:

Robert Barnes - London, GB
Daniel Duncan - Atlanta GA, US
Dan Juliano - Gibsonia PA, US

Assignee:

PrimeRevenue, Inc. - Atlanta GA

International Classification:

G06Q 40/00

US Classification:

705040000

Abstract:

In an electronic supply chain finance system, a method of enabling a buyer to apply credit against accounts receivable owed to a supplier by the buyer, comprising receiving a payment obligation from the buyer, the payment obligation having a payment value and a payment maturity date and being associated with an underlying accounts receivable from the buyer to the supplier, receiving a credit note from the buyer, the credit note having a credit value and a credit maturity date and being associated with the underlying accounts receivable from the buyer to the supplier, presenting the payment obligation to a financial institution as if the payment value has been reduced according to the credit value, and upon or before the payment maturity date, reducing the payment value of the payment obligation according to the credit value of the credit note.