IP Library Patent Application 16375524
Patent Application
App. No. 16/375,524

SYSTEM AND METHOD FOR OPTIMIZING REISSUANCE OF ELECTRONIC DOCUMENTS

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Quick Facts
Patent No.
US None
App. No.
16/375,524
Abstract

A system and method for optimizing a request to reissue an electronic document. The electronic document includes at least partially unstructured data. The method includes analyzing the electronic document to determine at least one transaction parameter; creating a template for the electronic document, wherein the template is a structured dataset including the determined at least one transaction parameter; determining, based on the template, whether the electronic document meets at least one evidencing requirement; determining at least one optimization parameter based on historical reissuance data when it is determined that the electronic document does not meet the at least one evidencing requirement; and sending an optimized reissuance request based on the determined at least one optimization parameter.

Claims (48)

1 . A method for optimizing a request to reissue an electronic document, wherein the electronic document includes at least partially unstructured data, comprising:

analyzing the electronic document to determine at least one transaction parameter;

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

determining, based on the template, whether the electronic document meets at least one evidencing requirement;

determining at least one optimization parameter based on historical reissuance data when it is determined that the electronic document does not meet the at least one evidencing requirement; and

sending an optimized reissuance request based on the determined at least one optimization parameter.

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 structured dataset, wherein the created structured dataset includes the at least one key field and the at least one value; and

analyzing the created structured 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 electronic document does not meet the at least one evidencing requirement when the template does not include at least one required transaction parameter indicated in the at least one evidencing requirement.

6 . The method of claim 1 , wherein the at least one optimization parameter includes at least one of: a time for sending the optimized reissuance request, a maximum number of electronic documents to be reissued with respect to the optimized reissuance request, and a destination.

7 . The method off claim 1 , wherein the at least one optimization parameter is determined based on an intended use of the electronic document.

8 . The method of claim 7 , wherein the intended use is at least one of: evidence for a value-added tax (VAT) reclaim, and evidence for a corporate income tax (CIT) deduction.

9 . The method of claim 1 , wherein the electronic document is an image showing at least one of: an invoice, and a receipt.

10 . A non-transitory computer readable medium having stored thereon instructions for causing a processing circuitry to perform a process, the process comprising:

analyzing an electronic document to determine at least one transaction parameter, 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;

determining, based on the template, whether the electronic document meets at least one evidencing requirement;

determining at least one optimization parameter based on historical reissuance data when it is determined that the electronic document does not meet the at least one evidencing requirement; and

sending an optimized reissuance request based on the determined at least one optimization parameter.

11 . A system for validating a transaction represented by 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;

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

determine, based on the template, whether the electronic document meets at least one evidencing requirement;

determine at least one optimization parameter based on historical reissuance data when it is determined that the electronic document does not meet the at least one evidencing requirement; and

send an optimized reissuance request based on the determined at least one optimization parameter.

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 structured dataset, wherein the created structured dataset includes the at least one key field and the at least one value; and

analyze the created structured 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 electronic document does not meet the at least one evidencing requirement when the template does not include at least one required transaction parameter indicated in the at least one evidencing requirement.

16 . The system of claim 11 , wherein the at least one optimization parameter includes at least one of: a time for sending the optimized reissuance request, a maximum number of electronic documents to be reissued with respect to the optimized reissuance request, and a destination.

17 . The system off claim 11 , wherein the at least one optimization parameter is determined based on an intended use of the electronic document.

18 . The system of claim 17 , wherein the intended use is at least one of: evidence for a value-added tax (VAT) reclaim, and evidence for a corporate income tax (CIT) deduction.

19 . The system of claim 11 , wherein the electronic document is an image showing at least one of: an invoice, and a receipt.

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 Apr 4, 2019
From: GUZMAN, NOAM; SAFT, ISAAC
To: VATBOX, LTD.
Reel/Frame 048805/0981 →