IP Library Granted Patent US 11,250,367
Granted Patent B2
US 11,250,367 · App. 16/860,643 · Granted Feb 15, 2022

Supply chain financial orchestration system

Inventors: Shyam Sundar Santhanam (Redwood City, CA); Kalyana Chakravarthy Dande (Hyderabad, IN); Balaji Duvaragamani (Hyderabad, IN); Siddharth Khanna (Austin, TX); Jatinder Gogna (Baldwin Place, NY); Sunil Sama Reddy (San Carlos, CA); Srinath Reddy Kayitha (Foster City, CA); Karthik Natarajan (Bangalore, IN); Kalyani Manda (Hyderabad, IN); Prabha Seshadri (San Jose, CA); Nitish Dave (Bilaspur, IN); Girish Jha (Hyderabad, IN); Amit Ranjan Kumar (Hyderabad, IN); Chandu Chinthala (Narasimharao Palem, IN); Raveesh Yadav (Kukatpally, IN)
Assignee: Oracle International Corporation
G06Q10/0637G06F16/258G06Q10/06316G06Q20/10G06Q20/389G06Q40/12
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Quick Facts
Patent No.
US 11,250,367
App. No.
16/860,643
Granted
Feb 15, 2022
Kind
B2
Abstract

A system is provided that determines a transfer price based on a transfer pricing rule. The system receives a request to calculate a transfer price for a transaction between a first entity and a second entity of a supply chain financial orchestration flow, where the supply chain financial orchestration flow defines a trade relationship between the first entity and the second entity. The system further receives transaction information associated with the transaction. The system further selects a transfer pricing rule from a plurality of transfer pricing rules, where the transfer pricing rule defines a rule to calculate a transfer price. The system further calculates the transfer price for the transaction based on the received transaction information and the selected transfer pricing rule. The system further provides the transfer price.

Claims (100)

1. A non-transitory computer-readable medium having instructions stored thereon that, when executed by a processor, cause the processor to determine a transfer price based on a transfer pricing rule for transactions of an item within an enterprise that comprises a plurality of entities, the transactions of the item comprising a supply chain financial orchestration flow, the determining comprising:

defining for the supply chain financial orchestration flow one or more ownership events, each ownership event comprising an ownership change of the item between first entities of the plurality of entities, wherein a completion of the transaction comprises an ownership path where ownership moves among the first entities;

defining for the supply chain financial orchestration flow one or more physical execution events, each physical execution event comprising a physical movement of the item between second entities of the plurality of entities, wherein the completion of the transaction comprises a physical movement path among the second entities, wherein the ownership path is different than the physical movement path;

receiving a first event associated with the supply chain financial orchestration flow;

receiving a request to calculate a transfer price for a transaction between a first entity and a second entity of a supply chain financial orchestration flow, wherein the supply chain financial orchestration flow defines a trade relationship between the first entity and the second entity and further defines a transfer pricing rule for the trade relationship, the supply chain financial orchestration flow based on the trade relationship and a physical movement flow of the item to a third entity;

defining a plurality of transfer pricing rules that is associated with the supply chain financial orchestration flow, wherein each transfer pricing rule defines a rule to calculate a transfer price;

receiving transaction information associated with the transaction;

selecting the transfer pricing rule that is defined by the supply chain financial orchestration flow from a plurality of transfer pricing rules, wherein the transfer pricing rule defines a rule to calculate a transfer price;

calculating the transfer price for the transaction based on the received transaction information and the selected transfer pricing rule, the calculating the transfer price comprising calling an external pricing service to produce the transfer price, the calling comprising:

listening for events generated by the transactions by an event mediator;

in response to the listening, for each new event that is of interest to the supply chain financial orchestration system, the event mediator calling a source document enrichment web service to enrich the new event;

creating a task layer service payload by a task layer service for the new event; and

transforming the task layer service payload into a format that is understandable by the external pricing service;

calling a web service of the external pricing system to interface with the external pricing system to execute the task; and

providing the transfer price.

2. The non-transitory computer-readable medium of claim 1 , wherein the transfer pricing rule comprises a source document price-based transfer pricing rule;

the determining further comprising:

receiving a document price of a source document;

receiving a currency and unit of measure; and

applying a markup to the document price using the currency and the unit of measure to produce the transfer price.

3. The non-transitory computer-readable medium of claim 1 , wherein the transfer pricing rule comprises a transaction cost-based transfer pricing rule;

the determining further comprising:

receiving a transaction cost; and

applying a markup to the transaction cost to produce the transfer price.

4. The non-transitory computer-readable medium of claim 1 , wherein the transfer pricing rule comprises a pricing strategy-based transfer pricing rule;

the determining further comprising:

selecting a pricing strategy comprising one or more pricing rules; and

applying the pricing strategy to the received transaction information to produce the transfer price.

5. The non-transitory computer-readable medium of claim 1 , wherein the transfer pricing rule comprises an external pricing service transfer pricing rule;

the determining further comprising:

calling an external pricing service to produce the transfer price.

6. The non-transitory computer-readable medium of claim 1 , wherein the supply chain financial orchestration flow comprises one of: an inter-company trade; or an intra-company trade.

7. The non-transitory computer-readable medium of claim 1 , the determining further comprising:

determining whether a transfer price has already been calculated for the transaction; and

providing the already-calculated transfer price rather than calculating a new transfer price.

8. The non-transitory computer-readable medium of claim 1 , the determining further comprising storing the transfer price.

9. The non-transitory computer-readable medium of claim 1 , the determining further comprising defining at least one pricing rule of the plurality of pricing rules to be one of: a source document price-based transfer pricing rule; a transaction cost-based transfer pricing rule; a pricing strategy-based transfer pricing rule; or a an external pricing service transfer pricing rule.

10. The non-transitory computer-readable medium of claim 1 , wherein the transaction information comprises at least one of:

a transaction identifier;

a transaction date;

an item identifier;

a financial trade relationship identifier; or

a source document identifier.

11. A computer-implemented method for determining a transfer price based on a transfer pricing rule for transactions of an item within an enterprise that comprises a plurality of entities, the transactions of the item comprising a supply chain financial orchestration flow, the computer-implemented method comprising:

defining for the supply chain financial orchestration flow one or more ownership events, each ownership event comprising an ownership change of the item between first entities of the plurality of entities, wherein a completion of the transaction comprises an ownership path where ownership moves among the first entities;

defining for the supply chain financial orchestration flow one or more physical execution events, each physical execution event comprising a physical movement of the item between second entities of the plurality of entities, wherein the completion of the transaction comprises a physical movement path among the second entities, wherein the ownership path is different than the physical movement path; receiving a first event associated with the supply chain financial orchestration flow;

receiving a request to calculate a transfer price for a transaction between a first entity and a second entity of a supply chain financial orchestration flow, wherein the supply chain financial orchestration flow defines a trade relationship between the first entity and the second entity and further defines a transfer pricing rule for the trade relationship, the supply chain financial orchestration flow based on the trade relationship and a physical movement flow of the item to a third entity;

defining a plurality of transfer pricing rules that is associated with the supply chain financial orchestration flow, wherein each transfer pricing rule defines a rule to calculate a transfer price;

receiving transaction information associated with the transaction;

selecting the transfer pricing rule that is defined by the supply chain financial orchestration flow from a plurality of transfer pricing rules, wherein the transfer pricing rule defines a rule to calculate a transfer price;

calculating the transfer price for the transaction based on the received transaction information and the selected transfer pricing rule, the calculating the transfer price comprising calling an external pricing service to produce the transfer price, the calling comprising:

listening for events generated by the transactions by an event mediator;

in response to the listening, for each new event that is of interest to the supply chain financial orchestration system, the event mediator calling a source document enrichment web service to enrich the new event;

creating a task layer service payload by a task layer service for the new event; and

transforming the task layer service payload into a format that is understandable by the external pricing service;

calling a web service of the external pricing system to interface with the external pricing system to execute the task; and

providing the transfer price.

12. The computer-implemented method of claim 11 , wherein the transfer pricing rule comprises a source document price-based transfer pricing rule;

the computer-implemented method further comprising:

receiving a document price of a source document;

receiving a currency and unit of measure;

applying a markup to the document price using the currency and the unit of measure to produce the transfer price.

13. The computer-implemented method of claim 11 , wherein the transfer pricing rule comprises a transaction cost-based transfer pricing rule;

the computer-implemented method further comprising:

receiving a transaction cost;

applying a markup to the transaction cost to produce the transfer price.

14. The computer-implemented method of claim 11 , wherein the transfer pricing rule comprises a pricing strategy-based transfer pricing rule;

the computer-implemented method further comprising:

selecting a pricing strategy comprising one or more pricing rules; and

applying the pricing strategy to the received transaction information to produce the transfer price.

15. The computer-implemented method of claim 11 , wherein the transfer pricing rule comprises an external pricing service transfer pricing rule;

the computer-implemented method further comprising:

calling an external pricing service to produce the transfer price.

16. A supply chain financial orchestration system for determining a transfer price based on a transfer pricing rule for transactions of an item within an enterprise that comprises a plurality of entities, the transactions of the item comprising a supply chain financial orchestration flow, the system comprising:

one or more processors executing instructions to perform the determining the transfer price that comprises:

defining for the supply chain financial orchestration flow one or more ownership events, each ownership event comprising an ownership change of the item between first entities of the plurality of entities, wherein a completion of the transaction comprises an ownership path where ownership moves among the first entities;

defining for the supply chain financial orchestration flow one or more physical execution events, each physical execution event comprising a physical movement of the item between second entities of the plurality of entities, wherein the completion of the transaction comprises a physical movement path among the second entities, wherein the ownership path is different than the physical movement path;

receiving a request to calculate a transfer price for a transaction between a first entity and a second entity of a supply chain financial orchestration flow, wherein the supply chain financial orchestration flow defines a trade relationship between the first entity and the second entity and further defines a transfer pricing rule for the trade relationship, the supply chain financial orchestration flow based on the trade relationship and a physical movement flow of the item to a third entity;

defining a plurality of transfer pricing rules that is associated with the supply chain financial orchestration flow, wherein each transfer pricing rule defines a rule to calculate a transfer price;

receiving transaction information associated with the transaction;

selecting the transfer pricing rule that is defined by the supply chain financial orchestration flow from a plurality of transfer pricing rules, wherein the transfer pricing rule defines a rule to calculate a transfer price;

calculating the transfer price for the transaction based on the received transaction information and the selected transfer pricing rule, the calculating the transfer price comprising calling an external pricing service to produce the transfer price, the calling comprising:

listening for events generated by the transactions by an event mediator;

in response to the listening, for each new event that is of interest to the supply chain financial orchestration system, the event mediator calling a source document enrichment web service to enrich the new event;

creating a task layer service payload by a task layer service for the new event; and

transforming the task layer service payload into a format that is understandable by the external pricing service;

calling a web service of the external pricing system to interface with the external pricing system to execute the task; and

providing the transfer price.

17. The system of claim 16 , wherein the transfer pricing rule comprises a source document price-based transfer pricing rule;

wherein the transfer price calculation module is further configured to receive a document price of a source document;

wherein the transfer price calculation module is further configured to receive a currency and unit of measure; and

wherein the transfer price calculation module is further configured to apply a markup to the document price using the currency and the unit of measure to produce the transfer price.

18. The system of claim 16 , wherein the transfer pricing rule comprises a transaction cost-based transfer pricing rule;

wherein the transfer price calculation module is further configured to receive a transaction cost; and

wherein the transfer price calculation module is further configured to apply a markup to the transaction cost to produce the transfer price.

19. The system of claim 16 , wherein the transfer pricing rule comprises a pricing strategy-based transfer pricing rule;

wherein the transfer price calculation module is further configured to select a pricing strategy comprising one or more pricing rules; and

wherein the transfer price calculation module is further configured to apply the pricing strategy to the received transaction information to produce the transfer price.

20. The system of claim 16 , wherein the transfer pricing rule comprises an external pricing service transfer pricing rule; and

wherein the transfer price calculation module is further configured to call an external pricing service to produce the transfer price.

Assignments (1)
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Apr 30, 2020
From: SANTHANAM, SHYAM SUNDAR; DANDE, KALYANA CHAKRAVARTHY; DUVARAGAMANI, BALAJI; KHANNA, SIDDHARTH; GOGNA, JATINDER; REDDY, SUNIL SAMA; KAYITHA, SRINATH REDDY; NATARAJAN, KARTHIK; MANDA, KALYANI; SESHADRI, PRABHA; DAVE, NITISH; JHA, GIRISH; KUMAR, AMIT RANJAN; CHINTHALA, CHANDU; YADAV, RAVEESH
To: ORACLE INTERNATIONAL CORPORATION
Reel/Frame 052539/0301 →
Continuity (10)
Continuation 14968403 · Dec 14, 2015
Continuation In Part 14040627 · Sep 28, 2013
Continuation In Part 14036063 · Sep 25, 2013
Continuation In Part 14036169 · Sep 25, 2013
Continuation In Part 14034683 · Sep 24, 2013
Continuation In Part 14034792 · Sep 24, 2013
Continuation In Part 14032268 · Sep 20, 2013
Continuation In Part 14028686 · Sep 17, 2013
Provisional Application 61707630 · Sep 28, 2012
Related Publication 20200258016A1 · Aug 13, 2020
Cited By (7)
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