Michael E Newsom

US Patent:

20040225610, Nov 11, 2004

Filed:

May 6, 2004

Appl. No.:

10/841285

Inventors:

Michael Newsom - Safety Harbor FL, US

International Classification:

G06F017/60

US Classification:

705/040000

Abstract:

Methods and systems for performing preference analysis, and, more particularly, methods and systems for performing preference analysis, are described. Certain embodiments of the invention include a system for performing preference analysis, operable in connection with software to receive preference period payment data relating to one or more invoice payments from a debtor to a creditor made during a predetermined preference period; analyze said preference period invoice payment data in accordance with predetermined ordinary course parameters to determine whether one or more of said invoice payments falls within or outside a universe of invoice payments made in the ordinary course of business; analyze said preference period invoice payment data in accordance with predetermined new value parameters to determine whether an amount of one or more or a portion of an amount of one or more invoice payments determined to fall outside of said universe of invoice payments made in the ordinary course of business was made in exchange for new value provided by said creditor to said debtor, wherein an amount of one or more of or a portion of an amount of said invoice payments falling outside said universe of invoice payments made in the ordinary course of business and determined not to be made in exchange for new value is determined to be a potentially voidable preference payment amount; and create a record of said potentially voidable preference payment amount.