Joshua B Toub

US Patent:

7908304, Mar 15, 2011

Filed:

Mar 15, 2001

Appl. No.:

09/810514

Inventors:

David Chao - Austin TX, US
Brian Blount - Austin TX, US
Charles Erickson - Cedar Park TX, US
Cheng Zhou - Austin TX, US
Joshua Toub - Austin TX, US

Assignee:

Versata Development Group, Inc. - Austin TX

International Classification:

G06F 17/30

US Classification:

707945, 235376, 705 7

Abstract:

An embodiment of the invention provides a system that enables financial services companies to manage and track information about a sales force. The system includes components for managing distributors information, for validating and tracking licenses and credentials, for creating customized contracts, and for maintaining compensation structures. The system allows for configuring compensations, providing financial services companies a toolkit for creating and modeling their complex commission schedules used to compensate their sales force. The system also provides modeling tools for agreements and contracts between a financial services company or provider and the distributors who sell products. The system has a multi-component architecture comprising multiple modules, multiple data processing engines, a backbone and multiple data sources. The processing modules carry out information processing using one or more data processing engines.

US Patent:

7925513, Apr 12, 2011

Filed:

Mar 15, 2001

Appl. No.:

09/809991

Inventors:

David Chao - Austin TX, US
Brian Blount - Austin TX, US
Joshua Toub - Austin TX, US
Charles Erickson - Cedar Park TX, US
Cheng Zhou - Austin TX, US

Assignee:

Versata Development Group, Inc. - Austin TX

International Classification:

G06Q 10/00

US Classification:

705 1, 705 26, 705 4

Abstract:

A framework that enables financial services companies to manage and track information about a sales force is provided. The framework includes object models for managing distributors information, for validating and tracking licenses and credentials, for creating customized contracts, and for maintaining compensation structures. The framework allows for configuring compensations, providing financial services companies a toolkit for creating and modeling their complex commission schedules used to compensate their sales force. The framework also provides modeling tools for agreements and contracts between a financial services company or provider and the distributors who sell their products. The framework has a multi-component architecture comprising multiple modules, multiple data processing engines, a backbone and multiple data sources. The processing modules carry out information processing using one or more data processing engines. The data processing provides the tools to fetch data from the databases and process it.

US Patent:

7958024, Jun 7, 2011

Filed:

Mar 15, 2001

Appl. No.:

09/810012

Inventors:

David Chao - Austin TX, US
Brian Blount - Austin TX, US
Joshua Toub - Austin TX, US
Cheng Zhou - Austin TX, US
Charles Erickson - Cedar Park TX, US

Assignee:

Versata Development Group, Inc. - Austin TX

International Classification:

G06Q 40/00

US Classification:

705 35, 705 40

Abstract:

A system provides a way to manage agreements that institutions such as financial services companies have with distributors who sell their products. Each distributor has a plurality of sales representatives that earn commissions for selling such products. The commissions earned and any other constraints imposed on the sales representatives may be defined within a selling agreement. The system can generate each selling agreement utilizing a set of components representative of the type of agreement formed between the institutions and the distributor. The components of each selling agreement contain an associated rule set that enables a configuration engine to generate an appropriate document. The system also contains a set of regulatory conditions for each sale made by the sales representatives. The system may be utilized to process sales transaction data to ensure that selling agreement terms are followed and that regulations for each sale are satisfied.

US Patent:

8239312, Aug 7, 2012

Filed:

Mar 15, 2001

Appl. No.:

09/810519

Inventors:

Cheng Zhou - Austin TX, US
Joshua Toub - Austin TX, US

Assignee:

Versata Development Group, Inc. - Austin TX

International Classification:

G06Q 40/00

US Classification:

705 37, 705 734, 705 742, 705 271, 705 32, 705 39, 705 40, 705 59, 707944

Abstract:

A method and apparatus for consolidating net-pay and debt management of a sales representative or sales team is presented. A party associated with the sales representatives may obtain debts and specify rules on payment of those debts which can be tracked back to the domain (e. g. , agreements, rules, sale item, etc. ). The ledger items created for that distributor by the commission engine are typically processed to distribute payments into accounts specified by the distributor and to pay debts obtained by the distributor. Available money may be split into various methods of payments for a distributor. These splits can be tracked by adding various constraints (related to the financial industries business model). The system allows the user to model the payment rule/constraints. Payment splits support pay-outs to alternate payee from funds of a distributor.

US Patent:

20110125635, May 26, 2011

Filed:

Feb 3, 2011

Appl. No.:

13/020605

Inventors:

David Chao - Austin TX, US
Brian Blount - Austin TX, US
Charles Erickson - Cedar Park TX, US
Cheng Zhou - Austin TX, US
Joshua Toub - Austin TX, US

International Classification:

G06Q 30/00

US Classification:

705 39

Abstract:

An embodiment of the invention provides a system that enables financial services companies to manage and track information about a sales force. The system includes components for managing distributors information, for validating and tracking licenses and credentials, for creating customized contracts, and for maintaining compensation structures. The system allows for configuring compensations, providing financial services companies a toolkit for creating and modeling their complex commission schedules used to compensate their sales force. The system also provides modeling tools for agreements and contracts between a financial services company or provider and the distributors who sell products. The system has a multi-component architecture comprising multiple modules, multiple data processing engines, a backbone and multiple data sources. The processing modules carry out information processing using one or more data processing engines. The data processing provides the tools to fetch data from the databases and process it.

US Patent:

20110231197, Sep 22, 2011

Filed:

Feb 7, 2011

Appl. No.:

13/021989

Inventors:

David Chao - Austin TX, US
Brian Blount - Austin TX, US
Joshua Toub - Austin TX, US
Charles Erickson - Cedar Park TX, US
Cheng Zhou - Austin TX, US

International Classification:

G06Q 10/00

US Classification:

705 11

Abstract:

A framework that enables financial services companies to manage and track information about a sales force is provided. The framework includes object models for managing distributors information, for validating and tracking licenses and credentials, for creating customized contracts, and for maintaining compensation structures. The framework allows for configuring compensations, providing financial services companies a toolkit for creating and modeling their complex commission schedules used to compensate their sales force. The framework also provides modeling tools for agreements and contracts between a financial services company or provider and the distributors who sell their products. The framework has a multi-component architecture comprising multiple modules, multiple data processing engines, a backbone and multiple data sources. The processing modules carry out information processing using one or more data processing engines. The data processing provides the tools to fetch data from the databases and process it.

US Patent:

20120130877, May 24, 2012

Filed:

May 24, 2011

Appl. No.:

13/114379

Inventors:

David Chao - Austin TX, US
Brian Blount - Austin TX, US
Joshua Toub - Austin TX, US
Cheng Zhou - Austin TX, US
Charles Erickson - Cedar Park TX, US

International Classification:

G06Q 40/00

US Classification:

705 35

Abstract:

A system provides a way to manage agreements that institutions such as financial services companies have with distributors who sell their products. Each distributor has a plurality of sales representatives that earn commissions for selling such products. The commissions earned and any other constraints imposed on the sales representatives may be defined within a selling agreement. The system can generate each selling agreement utilizing a set of components representative of the type of agreement formed between the institutions and the distributor. The components of each selling agreement contain an associated rule set that enables a configuration engine to generate an appropriate document. The system also contains a set of regulatory conditions for each sale made by the sales representatives. The system may be utilized to process sales transaction data to ensure that selling agreement terms are followed and that regulations for each sale are satisfied.

US Patent:

20130013467, Jan 10, 2013

Filed:

Jul 6, 2012

Appl. No.:

13/543398

Inventors:

Cheng Zhou - Austin TX, US
Joshua Toub - Austin TX, US

International Classification:

G06Q 40/00

US Classification:

705 30

Abstract:

A method and apparatus for consolidating net-pay and debt management of a sales representative or sales team is presented. A party associated with the sales representatives may obtain debts and specify rules on payment of those debts which can be tracked back to the domain (e.g., agreements, rules, sale item, etc.). The ledger items created for that distributor by the commission engine are typically processed to distribute payments into accounts specified by the distributor and to pay debts obtained by the distributor. Available money may be split into various methods of payments for a distributor. These splits can be tracked by adding various constraints. The system allows the user to model the payment rule/constraints. Payment splits support pay-outs to alternate payee from funds of a distributor. The distributor may specify deduction rules which can be applied to the distributors earning to facilitate deductions for items.