IP Library Patent Application 15674165
Patent Application
App. No. 15/674,165

SYSTEM AND METHOD FOR GENERATING ANALYTICS BASED ON ELECTRONIC DOCUMENTS

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Quick Facts
Patent No.
US None
App. No.
15/674,165
Abstract

A system and method generating analytics based on electronic documents. The method includes analyzing the electronic document to determine at least one transaction parameter, the electronic document indicating a transaction including use of a payment card with respect to at least one expense, wherein the electronic document includes at least partially unstructured data; creating a template for the electronic document, wherein the template is a structured dataset including the determined at least one transaction parameter; retrieving, based on the template, at least one deductibility rule for generating deductibility analytics; and generating at least one deductibility analytic based on the template, at least one enterprise characteristic parameter of an enterprise associated with the payment card, and the retrieved at least one deductibility rule, wherein the at least one deductibility analytic indicates at least whether each of the at least one expense is deductible.

Claims (49)

1 . A method for generating analytics based on an electronic document, comprising:

analyzing the electronic document to determine at least one transaction parameter, the electronic document indicating a transaction including use of a payment card with respect to at least one expense, wherein the electronic document includes at least partially unstructured data;

creating a template for the electronic document, wherein the template is a structured dataset including the determined at least one transaction parameter;

retrieving, based on the template, at least one deductibility rule for generating deductibility analytics; and

generating at least one deductibility analytic based on the template, at least one enterprise characteristic parameter of an enterprise associated with the payment card, and the retrieved at least one deductibility rule, wherein the at least one deductibility analytic indicates at least whether each of the at least one expense is deductible.

2 . The method of claim 1 , wherein determining the at least one transaction parameter further comprises:

identifying, in the electronic document, at least one key field and at least one value;

creating, based on the electronic document, a dataset, wherein the created dataset includes the at least one key field and the at least one value; and

analyzing the created dataset, wherein the at least one transaction parameter is determined based on the analysis.

3 . The method of claim 2 , wherein identifying the at least one key field and the at least one value further comprises:

analyzing the electronic document to determine data in the electronic document; and

extracting, based on a predetermined list of key fields, at least a portion of the determined data, wherein the at least a portion of the determined data matches at least one key field of the predetermined list of key fields.

4 . The method of claim 3 , wherein analyzing the electronic document further comprises:

performing optical character recognition on the electronic document.

5 . The method of claim 1 , wherein the at least one transaction parameter includes an identifier of the payment card, further comprising:

retrieving, from a data source associated with the enterprise, the at least one enterprise characteristic parameter based on the identifier of the payment card.

6 . The method of claim 5 , wherein the at least one deductibility rule is retrieved based further on the at least one enterprise characteristic parameter.

7 . The method of claim 1 , wherein the at least one deductibility analytic further indicates whether a value-added tax of the transaction can be reclaimed.

8 . The method of claim 1 , further comprising:

retrieving, from a payment card server, the electronic document, wherein the at least one deductibility rule is retrieved from a data source, wherein the data source is any of: a merchant device, a tax authority server, an accounting server, and a database associated with the enterprise.

9 . The method of claim 8 , wherein the at least one enterprise characteristic parameter is retrieved from the data source.

10 . A non-transitory computer readable medium having stored thereon instructions for causing a processing circuitry to perform a process for generating analytics based on an electronic document, the process comprising:

analyzing the electronic document to determine at least one transaction parameter, the electronic document indicating a transaction including use of a payment card with respect to at least one expense, wherein the electronic document includes at least partially unstructured data;

creating a template for the electronic document, wherein the template is a structured dataset including the determined at least one transaction parameter;

retrieving, based on the template, at least one deductibility rule for generating deductibility analytics; and

generating at least one deductibility analytic based on the template, at least one enterprise characteristic parameter of an enterprise associated with the payment card, and the retrieved at least one deductibility rule, wherein the at least one deductibility analytic indicates at least whether each of the at least one expense is deductible.

11 . A system for generating analytics based on an electronic document, comprising:

a processing circuitry; and

a memory, the memory containing instructions that, when executed by the processing circuitry, configure the system to:

analyze the electronic document to determine at least one transaction parameter, the electronic document indicating a transaction including use of a payment card with respect to at least one expense, wherein the electronic document includes at least partially unstructured data;

create a template for the electronic document, wherein the template is a structured dataset including the determined at least one transaction parameter;

retrieve, based on the template, at least one deductibility rule for generating deductibility analytics; and

generate at least one deductibility analytic based on the template, at least one enterprise characteristic parameter of an enterprise associated with the payment card, and the retrieved at least one deductibility rule, wherein the at least one deductibility analytic indicates at least whether each of the at least one expense is deductible.

12 . The system of claim 11 , wherein the system is further configured to:

identify, in the electronic document, at least one key field and at least one value;

create, based on the electronic document, a dataset, wherein the created dataset includes the at least one key field and the at least one value; and

analyze the created dataset, wherein the at least one transaction parameter is determined based on the analysis.

13 . The system of claim 12 , wherein the system is further configured to:

analyze the electronic document to determine data in the electronic document; and

extract, based on a predetermined list of key fields, at least a portion of the determined data, wherein the at least a portion of the determined data matches at least one key field of the predetermined list of key fields.

14 . The system of claim 13 , wherein the system is further configured to:

perform optical character recognition on the electronic document.

15 . The system of claim 11 , wherein the at least one transaction parameter includes an identifier of the payment card, wherein the system is further configured to:

retrieve, from a data source associated with the enterprise, the at least one enterprise characteristic parameter based on the identifier of the payment card.

16 . The system of claim 15 , wherein the at least one deductibility rule is retrieved based further on the at least one enterprise characteristic parameter.

17 . The system of claim 11 , wherein the at least one deductibility analytic further indicates whether a value-added tax of the transaction can be reclaimed.

18 . The system of claim 11 , wherein the system is further configured to:

retrieve, from a payment card server, the electronic document, wherein the at least one deductibility rule is retrieved from a data source, wherein the data source is any of: a merchant device, a tax authority server, an accounting server, and a database associated with the enterprise.

19 . The system of claim 18 , wherein the at least one enterprise characteristic parameter is retrieved from the data source

Assignments (2)
INTELLECTUAL PROPERTY SECURITY AGREEMENT Recorded Dec 4, 2019
From: VATBOX LTD
To: SILICON VALLEY BANK
Reel/Frame 051187/0764 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Jun 7, 2018
From: GUZMAN, NOAM; SAFT, ISAAC
To: VATBOX, LTD.
Reel/Frame 046313/0630 →