Microsoft – Lisa Therese Miller, Vie Healthcare Inc

Abstract for “Invoice Analytics System”

An invoice analytics system (IAS), a method for analysing an entity’s business transactional invoice data (BSTID), and performing invoice analysis (IA) in real-time and/or at weekly, monthly intervals is provided. The IAS extracts the contract line item data (CLI) from contracts and stores it in a CLI-database. The IAS converts the CLI data to a quick view format, and creates a contract quick-view interface that displays the CLI information. The IAS extracts and segments the ILI data from the aggregated BSTID. It then stores the ILI data within an ILI database and reconciles the invoices to the contracts. This includes identifying and correcting errors as well as off-contract business services items. IA is performed on ILI data to calculate cost savings. The IAS generates interactive, dynamic, searchable IA reports that include graphical representations of purchase patterns and outliers as well as variations and predictive analytics.

Background for “Invoice Analytics System”

“Postage for Smith Case $2.70?$2.70?”

“Copies for Smith Case $92?$92

“Deposition Transcription of the Smith Case $1.410?$1,410”

“Postage for Travis Case $165?$165

“Copies of the Travis Case $297.$297”

“Invoice Total December 2016?$10791.70”

Summary for “Invoice Analytics System”

“Postage for Smith Case $2.70?$2.70?”

“Copies for Smith Case $92?$92

“Deposition Transcription of the Smith Case $1.410?$1,410”

“Postage for Travis Case $165?$165

“Copies of the Travis Case $297.$297”

“Invoice Total December 2016?$10791.70”

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