摘要 |
A method and system for providing to commercial market participants a dedicated data processor for consolidating and expediting a financial settlement system. Upon the placement of a commercial transaction order, all of the various transaction documents such as the purchase order, confirmation order, invoice and bill of lading are transmitted to the data processor of the present invention in electronic format and stored in a suitable database. Following delivery of the goods to the Buyer, the Carrier generates a proof of delivery which is thereafter forwarded to the data processor of the present invention. The various pieces of transaction information are then audited and reconciled by the data processor of all transaction documents, thus facilitating the resolution of possible exceptions which may prevent timely payment. The collection of information may also be processed by the present invention to provide accurate scoring of financial risk to a financial institution. This risk may be calculated based upon individual transactions as well as transaction history between a Buyer and Seller. |