SYSTEMS AND METHODS FOR CONFIDENCE INTERVAL TRANSACTION SETTLEMENT RANGE PREDICTIONS

Methods and systems include receiving invoice data associated with an open invoice under an account; determining an expected payment date for the open invoice by inputting the data to a prediction model derived from a machine learning technique; determining an expected payment date range under a con...

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Hauptverfasser: JI, Ying, DING, Minming, TANTUM, Daniel, DALEY, Sean, POND, Matthew, PAN, Xiaodan, SHIELDS, Michael, SCHARHAG, Andrew
Format: Patent
Sprache:eng ; fre ; ger
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Zusammenfassung:Methods and systems include receiving invoice data associated with an open invoice under an account; determining an expected payment date for the open invoice by inputting the data to a prediction model derived from a machine learning technique; determining an expected payment date range under a confidence level for the open invoice based on the invoice data and the open invoice; determining a probability of receiving a payment for the open invoice by a predetermined date; and outputting the expected payment date, the expected payment date range under the confidence level, and the probability of receiving the payment for the open invoice by the predetermined date for risk management analysis.