Method and system for linking business entities using unique identifiers
View Patent ↗A corporate linkage system and method provides customers with complete, accurate, and timely lists of corporate linkage locations, including monitoring company lists for changes to location lists, matching stored locations to a company or third party list of locations, providing detailed coding on matches, and batch updates to global files.
1. A method that is performed by a computer, comprising:
obtaining a first list of data that describes (a) corporate linking relationships between a plurality of business entities and (b) a business location for each of said plurality of business entities, wherein said first list is obtained from a source selected from the group consisting of the business entity itself, a website, and an annual report;
for each business entity in said plurality of business entities, matching said business entity to an identifier that uniquely identifies said business entity, thus yielding a plurality of identifiers;
comparing by said computer said first list to a list of corporate identifier assigned corporate linkage locations that represents business locations of business entities in a family tree in a database, by using said plurality of identifiers to identify members of said family tree;
updating linking for said family tree in said database, from said data that describes said corporate linking relationships;
monitoring said family tree and identifying a change in said business location of said business entity, wherein said change in said business location is a change to at least one datum selected from the group consisting of business entity name, business entity address and business entity telephone information; and
updating said database for said change in said business location, from said data that describes said business location for each of said plurality of business entities.
2. A system for linking business entities, comprising:
a database;
a computer; and
a machine-readable medium that contains instructions that cause said computer to:
obtain a first list of data that describes (a) corporate linking relationships between a plurality of business entities and (b) a business location for each of said plurality of business entities, wherein said first list is obtained from a source selected from the group consisting of the business entity itself, a website, and an annual report;
for each business entity in said plurality of business entities, match said business entity to an identifier that uniquely identifies said business entity, thus yielding a plurality of identifiers;
compare said first list to a list of corporate identifier assigned corporate linkage locations that represents business locations of business entities in a family tree in a database, by using said plurality of identifiers to identify members of said family tree;
update linking for said family tree in said database, from said data that describes said corporate linking relationships;
monitor said family tree and identify a change in said business location of said business entity, wherein said change in said business location is a change to at least one datum selected from the group consisting of business entity name, business entity address and business entity telephone information; and
update said database for said change in said business location, from said data that describes said business location for each of said plurality of business entities.
3. A machine-readable medium having instructions stored thereon to perform a method of linking business entities, said method comprising:
obtaining a first list of data that describes (a) corporate linking relationships between a plurality of business entities and (b) a business location for each of said plurality of business entities, wherein said first list is obtained from a source selected from the group consisting of the business entity itself, a website, and an annual report;
for each business entity in said plurality of business entities, matching said business entity to an identifier that uniquely identifies said business entity, thus yielding a plurality of identifiers;
comparing said first list to a list of corporate identifier assigned corporate linkage locations that represents business locations of business entities in a family tree in a database, by using said plurality of identifiers to identify members of said family tree;
updating linking for said family tree in said database, from said data that describes said corporate linking relationships;
monitoring said family tree and identifying a change in said business location of said business entity, wherein said change in said business location is a change to at least one datum selected from the group consisting of business entity name, business entity address and business entity telephone information; and
updating said database for said change in said business location, from said data that describes said business location for each of said plurality of business entities.