IP Library Granted Patent US 8,515,817
Granted Patent B2
US 8,515,817 · App. 11/968,137 · Granted Aug 20, 2013

Systems and methods of matching purchase requests with consummated sales

Inventors: Oded Noy (Los Angeles, CA); Jason McBride (Santa Monica, CA); James Berger (Los Angeles, CA); Rosa Welton (Bell Gardens, CA); Scott Painter (Bel Air, CA)
Assignee: Truecar, Inc.
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Quick Facts
Patent No.
US 8,515,817
App. No.
11/968,137
Granted
Aug 20, 2013
Kind
B2
Abstract

A sales matching system which may match sales of products or services with consummated sales by collecting selected leads from a group of lead suppliers, collecting a plurality of sales records from multiple sales sources, and matching at least some of the sales records to selected leads. The matches may be assigned a matching confidence, and may reach a threshold level of confidence to be considered a matched sale. The system may also generate invoices to selected sellers identifying invoice-able sales for which compensation may be obtained in exchange for providing leads giving rise thereto.

Claims (32)

1. An automobile sales lead matching system comprising:

a database of automobile sales leads data compiled from one or more lead suppliers;

a database of automobile sales information including sales data from automobile dealers derived from one or more automobile sales related transactions;

an automobile sales lead matching system at a server having a CPU, in communication with the automobile sales leads database and the automobile sales information database, wherein the matching system includes:

a data normalization engine for normalizing, using the CPU, the automobile sales related transaction information derived from one or more sources of sales information to provide a normalized sales dataset; and

a matching engine for matching, using the CPU, at least one sales record from the normalized sales dataset to at least one lead from the automobile sales lead database;

a sales matching application in communication with the matching engine for identifying a plurality of matched sales that are automatically approved sales or sales requiring manual review; and

a financial system adaptor for receiving information related to the automatically approved sales that are compiled in a financial collections database or a financial invoices database, wherein the financial invoices database contains information related to invoice-able sales that appear as a line item on an invoice to a seller from a group of sellers for which compensation may be obtained by a sales matching service provider for providing the selected leads giving rise thereto.

2. The automobile sales lead matching system of claim 1 , wherein the database of automobile sales information includes information from dealer based sales of automobiles.

3. The automobile sales lead matching system of claim 1 , wherein the matching engine establishes matches between the at least one sales record from the normalized sales dataset and the at least one lead from the automobile sales lead database based on a predetermined matching confidence.

4. The automobile sales lead matching system of claim 1 wherein the sales lead data is collected from a group of lead suppliers.

5. The automobile sales lead matching system of claim 4 wherein the group of lead suppliers includes at least one of: a web site or a customer.

6. The automobile sales lead matching system of claim 1 wherein the database of automobile sales information further includes sales data from loan originators or insurance carriers, or both.

7. The automobile sales lead matching system of claim 1 wherein the data normalization engine removes duplicates or unnecessary information, or both.

8. The automobile sales lead matching system of claim 1 further comprising a reporting system that provides dealers with feedback or analysis based on the sales data.

9. The automobile sales lead matching system of claim 1 wherein the lead data and/or the automobile sales information is collected through the Internet or another telecommunication medium.

10. An automobile sales matching system comprising:

a database of automobile sales purchase requests compiled from a plurality of sources of sales purchase request data;

a database of automobile sales information including sales data from automobile dealers derived from a plurality of automobile sales related transactions;

an automobile sales matching system at a server having a CPU, in communication with the automobile sales purchase request database and the automobile sales information database, wherein the matching system includes:

a data normalization engine for normalizing, using the CPU, the automobile sales related transaction information derived from multiple sources of sales information to provide a normalized sales dataset; and

a matching engine for matching, using the CPU, at least one sales record from the normalized sales dataset to at least one purchase request from the source of sales purchase request data

a sales matching application in communication with the matching engine for identifying a plurality of matched sales that are automatically approved sales or sales requiring manual review; and

a financial system adapter for receiving information related to the automatically approves sales that are compiled in a financial collections database or a financial invoices database, wherein the financial invoices database contains information related to invoice-able sales that appear as a line item on an invoice to a seller from a group of sellers for which compensation may be obtained by a sales matching service provider for providing the selected leads giving rise thereto.

11. The automobile sales matching system of claim 10 , wherein the database of automobile sales information includes information from dealer based sales of automobiles.

12. The automobile sales matching system of claim 10 , wherein the matching engine establishes matches between the at least one sales record from the normalized sales dataset and the at least one purchase request from the source of sales purchase request data based on a predetermined matching confidence.

13. The automobile sales matching system of claim 10 wherein the purchase requests collected from a group of lead suppliers.

14. The automobile sales matching system of claim 13 wherein the group of lead suppliers includes at least one of: a web site or a customer.

15. The automobile sales matching system of claim 10 wherein the database of automobile sales information further includes sales data from loan originators or insurance carriers, or both.

16. The automobile sales matching system of claim 10 wherein the data normalization engine removes duplicates or unnecessary information, or both.

17. The automobile sales matching system of claim 10 further comprising a reporting system that provides dealers with feedback or analysis based on the sales data.

18. The automobile sales matching system of claim 10 wherein the purchase requests and/or the automobile sales information is collected through the Internet or another telecommunication medium.

Assignments (4)
SECURITY AGREEMENT Recorded Jul 3, 2012
From: TRUECAR, INC.
To: SILICON VALLEY BANK
Reel/Frame 028500/0205 →
CORRECTIVE ASSIGNMENT TO CORRECT THE ASSIGNOR ODED NOY EXECUTION DATE OF 06/12/2008 PREVIOUSLY RECORDED ON REEL 021137 FRAME 0236. ASSIGNOR(S) HEREBY CONFIRMS THE EXECUTION DATE 06/17/2008. Recorded Jun 10, 2011
From: NOY, ODED; MCBRIDE, JASON; BERGER, JAMES; WELTON, ROSA; PAINTER, SCOTT
To: ZAG.COM, INC.
Reel/Frame 026429/0212 →
CHANGE OF NAME Recorded Mar 4, 2011
From: ZAG.COM INC.
To: TRUECAR, INC.
Reel/Frame 025907/0266 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Jun 23, 2008
From: NOY, ODED; MCBRIDE, JASON; BERGER, JAMES; WELTON, ROSA; PAINTER, SCOTT
To: ZAG.COM, INC.
Reel/Frame 021137/0236 →
Continuity (1)
Related Publication 20090171761A1 · Jul 2, 2009