William J Terrell

US Patent:

20150213390, Jul 30, 2015

Filed:

Mar 31, 2014

Appl. No.:

14/230746

Inventors:

- Charlotte NC, US
Matthew Fragale - Matthews NC, US
Andrew McGowan - Charlotte NC, US
Joan O'Donoghue - Charlotte NC, US
William Terrell - Lawrenceville GA, US

Assignee:

Bank of America Corporation - Charlotte NC

International Classification:

G06Q 10/06

Abstract:

A framework for determining best in class pricing achievement for negotiated deals and underlying products and services is disclosed. An enterprise, such as a financial institution, may develop a list of industry standard pricing metrics for use when benchmarking or comparing similar products and services. The enterprise and competitive analysis firms may apply the scoring metrics to analyze negotiated deals and establish benchmarks of the deals to reach best in class. The deals may be reached using both internal and external analyses, and a deal score and executive summary template may be delivered to the enterprise at request.

US Patent:

20150213470, Jul 30, 2015

Filed:

Sep 3, 2014

Appl. No.:

14/476253

Inventors:

- Charlotte NC, US
Matthew Fragale - Matthews NC, US
Andrew McGowan - Charlotte NC, US
Joan O'Donoghue - Charlotte NC, US
William Terrell - Lawrenceville GA, US

International Classification:

G06Q 30/02
G06Q 50/18

Abstract:

Systems and methods for competitive pricing analysis are provided. An interactive pricing analysis template may be presented to at a user at a display device, and information describing a negotiated deal involving the purchase of a set of components may be received at the template from the user. The template may be presented to another user at another display device, and a standard pricing metric and best-in-class offer may be received from that user for each component. A component score may be automatically calculated for each component based, at least in part, on the best-in-class offer and a pricing analysis framework. A composite score for the negotiated deal may also be automatically calculated based, at least in part, on the pricing analysis framework. The template may include, for each component, input elements that respectively receive the standard pricing metric, the best-in-class offer, a proposed offer, and a quantity.