Cost model analysis and breakdown for cost buildup
View Patent ↗One embodiment of the invention includes a method and system to obtain data for fees and surcharges charged by multiple providers for multiple services based on prior interactions with the service providers, and provide an estimate for fees and surcharges to be charged by one of the service providers for one of the services based on the prior interactions with the service providers. In one embodiment, the fee data is extracted from one of electronic publishing of fees, billings for services rendered, and employee expense reports. In one embodiment, the estimated fees and surcharges include restricted access to a first subset of data to a first predetermined group.
1. A system comprising:
at least one server for:
retrieving fee data from a database, wherein the fee data is from multiple service providers;
automatically extracting costs components of a particular service from the fee data, the service provided by each of the multiple service providers, the extracted costs components different for each of the multiple service providers, at least one of the multiple service providers having a first profit margin in providing the service, wherein the service providers include air travel vendors and the costs components include one or more of costs of fuel, amortization of fleet equipment, onboard services, booking tickets, airport services, baggage handling, and maintenance of airplanes;
comparatively cost analyzing the multiple service providers based only on the cost amounts of the extracted costs components of the multiple service providers;
generating an updated costs model for the service based on the extracted costs components of the multiple service providers, wherein the updated costs model selectively combines the extracted costs components of the multiple service providers having lowest cost amounts and wherein the updated costs model produces a total cost for the service that is less than a total cost for the service provided by each of the multiple service providers;
augmenting the updated costs model based on historical data regarding actual billing for the extracted costs components;
cross checking the updated costs model based on the historical data regarding actual billing for the extracted costs components;
setting a predetermined second profit margin based on the extracted cost components;
communicating information about the extracted costs components of the multiple service providers having lowest cost amounts to a partner;
allowing the partner to offer the service based on the information about the extracted costs components of the multiple service providers having lowest cost amounts while maintaining the second profit margin for the partner, the second profit margin being less than the first profit margin; and
providing a cost savings to a purchaser of the service, from the partner and based on the information about the extracted cost components, in comparison to purchasing the service from each of the multiple service providers.
2. The system of claim 1 , wherein the server is for allowing purchase of the service from at least one of the multiple service providers and resale of the service to remove risk from the at least one of the multiple service providers.
3. The system of claim 1 , wherein each of the multiple service providers has a set of different costs structures associated with the service.
4. The system of claim 1 , wherein the updated costs model includes a profit margin.
5. The system of claim 4 , wherein the profit margin is at least equal to a lowest profit margin of the multiple service providers.
6. The system of claim 1 , wherein the updated costs model is lower than all costs models offered by all of the service providers.
7. The system of claim 6 , wherein the system is a provisioning system for the multiple service providers, to generate costs savings for the multiple service providers.
8. The system of claim 6 , wherein service providers include hotel vendors and the costs components include one or more of costs of booking, cleaning, maintenance, amortization of furniture or equipment, communication equipment, and amortization of property value.
9. The system of claim 6 , wherein service providers includes one or more car rental vendors, conferencing services, communication services, valet services, and cleaning services.
10. A computer implemented method comprising:
retrieving, by a computing device, fee data from a database, wherein the fee data is from multiple service providers;
automatically extracting, via the computing device, costs components of a particular service from the fee data, the service provided by each of the multiple service providers, the extracted cost components different for each of the multiple service providers, at least one of the multiple service providers having a first profit margin in providing the service, wherein the service providers include air travel vendors and the costs components include one or more of costs of fuel, amortization of fleet equipment, onboard services, booking tickets, airport services, baggage handling, and maintenance of airplanes;
comparatively cost analyzing the multiple service providers based only on the cost amounts of the extracted costs components of the multiple service providers;
generating an updated costs model for the service based on the extracted costs components of the multiple service providers, wherein the updated costs model selectively combines the extracted costs components of the multiple service providers having lowest cost amounts and wherein the updated costs model produces a total cost for the service that is less than total costs for the service provided by the multiple service providers;
augmenting the updated costs model based on historical data regarding actual billing for the extracted costs components;
cross checking the updated costs model based on the historical data regarding actual billing for the extracted costs components;
setting a predetermined second profit margin based on the extracted cost components;
communicating information about the extracted costs components of the multiple service providers having lowest cost amounts to a partner;
allowing the partner to offer the service based on the information about the extracted costs components of the multiple service providers having lowest cost amounts while maintaining the second profit margin for the partner, the second profit margin being less than the first profit margin; and
providing a cost savings to a purchaser of the service, from the partner and based on the information about the extracted cost components, in comparison to purchasing the service from each of the multiple service providers.
11. The method of claim 10 , further comprising allowing purchase of the service from at least one of the multiple service providers and resale of the service to remove risk from the at least one of the multiple service providers.
12. The method of claim 10 , wherein each of the multiple service providers has a set of different costs structures associated with the service.
13. The method of claim 10 , wherein the updated costs model includes a profit margin.
14. The method of claim 13 , wherein the profit margin is at least equal to a lowest profit margin of the multiple service providers.
15. A machine readable medium storing instructions, which when executed, cause a computing device to:
retrieve fee data from a database, wherein the fee data is from multiple service providers;
automatically extract costs components of a particular service from the fee data, the service provided by each of the multiple service providers, the extracted costs components different for each of the multiple service providers, at least one of the multiple service providers having a first profit margin in providing the service, wherein the service providers include air travel vendors and the costs components include one or more of costs of fuel, amortization of fleet equipment, onboard services, booking tickets, airport services, baggage handling, and maintenance of airplanes;
comparatively cost analyze the multiple service providers based only on the cost amounts of the extracted costs components of the multiple service providers;
generate an updated costs model for the service based on the extracted costs components of the multiple service providers, wherein the updated costs model selectively combines the extracted costs components of the multiple service providers having lowest cost amounts and wherein the updated costs model produces a total cost for the service that is less than total costs for the service provided by the multiple service providers;
augment the updated costs model based on historical data regarding actual billing for the extracted costs components;
cross check the updated costs model based on the historical data regarding actual billing for the extracted costs components;
set a predetermined second profit margin based on the extracted cost components;
communicate information about the extracted costs components of the multiple service providers having lowest cost amounts to a partner;
allow the partner to offer the service based on the information about the extracted costs components of the multiple service providers having lowest cost amounts while maintaining the second profit margin for the partner, the second profit margin being less than the first profit margin; and
provide a cost savings to a purchaser of the service, from the partner and based on the information about the extracted cost components, in comparison to purchasing the service from each of the multiple service providers.
16. The machine readable medium of claim 15 , wherein the computing device comprises a provisioning system for the multiple service providers, to generate costs savings for the multiple service providers.
17. The machine readable medium of claim 15 , wherein service providers include hotel vendors and the costs components include one or more of costs of booking, cleaning, maintenance, amortization of furniture or equipment, communication equipment, and amortization of property value.
18. The machine readable medium of claim 15 , wherein service providers include air travel vendors and the costs components include one or more of costs of flight services, fuel, amortization of fleet equipment, onboard services, booking tickets, air port services, baggage handling, and maintenance of airplanes.
19. The machine readable medium of claim 15 , wherein service providers includes one or more car rental vendors, conferencing services, communication services, valet services, and cleaning services.
20. The machine readable medium of claim 15 , wherein the medium further stores instructions for causing the computing device to allow purchase of the service from at least one of the multiple service providers and resale of the service to remove risk from the at least one of the multiple service providers.