(12) United States Patent ao) Patent No.: Us 7,167,844 Bi
Leong et al. (45) Date of Patent: Jan. 23,2007
(52) U.S. CI 705/80; 705/37; 713/176
(58) Field of Classification Search 705/26,
705/27,80,37,50,51; 345/835; 709/217;
See application file for complete search history.
(56) References Cited
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The disclosure provides for creating a finalized document relating to a transaction. A buyer selects documents associated with a proposed transaction and indicates trade terms of an agreement relating to the documents selected. The trade terms are presented to a seller on an electronic form via an electronic document platform. The electronic form includes a combined purchase order proforma invoice, a transportation document, and a shipping document. The seller can amend the trade terms on the form, and each amendment creates a new version of the form. Negotiations of the trade terms between the buyer and the seller are conducted electronically and the negotiated form detailing the negotiation of the trade terms is generated and displayed electronically, also. A compliance check is performed and is triggered in response to a digital signature of the form. Payment is initiated to the seller after a verification of credit of the buyer.
30 Claims, 106 Drawing Sheets