System and method for synchronizing commitment updates
A method and system for maintaining consistency of financial commitment information across a plurality of financial systems. According to one embodiment, a contract accounting system receives from a billing system a commitment update posting a liability of a business partner, the liability having been and remaining posted to a credit management system by the billing system, the credit management system maintaining current liability information associated with the business partner, calculates an updated liability of the business partner based at least in part upon the liability posted by the billing system, and sends to the credit management system a commitment update clearing the liability posted by the billing system and posting the calculated updated liability.
1 . A computer-implemented method for maintaining consistency of financial commitment information across a plurality of financial systems, comprising:
receiving from a first financial system a commitment update posting a liability of a business partner, the liability having been and remaining posted to a second financial system by the first financial system, the second financial system maintaining current liability information associated with the business partner;
calculating by a third financial system an updated liability of the business partner based at least in part upon the liability posted by the first financial system; and
sending to the second financial system a commitment update clearing the liability posted by the first financial system and posting the updated liability calculated by the third financial system.
2 . The method of claim 1 , wherein the first financial system is a billing system.
3 . The method of claim 2 , wherein the liability posted by the first financial system includes an invoiced amount owed by the business partner.
4 . The method of claim 3 , wherein the business partner is a customer of a telecommunications company.
5 . The method of claim 4 , wherein the liability posted by the first financial system includes an amount owed by the business partner for rated but unbilled telephone calls.
6 . The method of claim 1 , wherein the second financial system is a credit management system for managing liabilities of business partners.
7 . The method of claim 1 , wherein the third financial system is a contract accounting system for managing the payment and dunning process associated with liabilities associated with business partners.
8 . The method of claim 7 , wherein the updated liability calculated by the third financial system includes at least one of a dunning charge and an interest charge owed by the business partner.
9 . The method of claim 1 , wherein an identifier is associated with the liability posted by the first financial system to the second financial system and third financial system.
10 . An apparatus for maintaining consistency of financial commitment information across a plurality of financial systems, comprising:
a processor; and
a memory storing instructions adapted to be executed by said processor to:
receive from a first financial system a commitment update posting a liability of a business partner, the liability having been and remaining posted to a second financial system by the first financial system, the second financial system maintaining current liability information associated with the business partner,
calculate by a third financial system an updated liability of the business partner based at least in part upon the liability posted by the first financial system, and
send to the second financial system a commitment update clearing the liability posted by the first financial system and posting the updated liability calculated by the third financial system.
11 . The apparatus of claim 10 , wherein the liability posted by the first financial system includes an invoiced amount owed by the business partner.
12 . The apparatus of claim 10 , wherein the updated liability calculated by the third financial system includes at least one of a dunning charge and an interest charge owed by the business partner.
13 . A system for maintaining consistency of financial commitment information across a plurality of financial systems, comprising:
means for receiving from a first financial system a commitment update posting a liability of a business partner, the liability having been and remaining posted to a second financial system by the first financial system, the second financial system maintaining current liability information associated with the business partner;
means for calculating by a third financial system an updated liability of the business partner based at least in part upon the liability posted by the first financial system; and
means for sending to the second financial system a commitment update clearing the liability posted by the first financial system and posting the updated liability calculated by the third financial system.