US Patent Issued to Versata on March 11 for "Electronic processing of invoices with no purchase orders" (New Jersey, New York Inventors)

ALEXANDRIA, Va., March 12 -- United States Patent no. 12,248,975, issued on March 11, was assigned to Versata Inc. (Austin, Texas).

"Electronic processing of invoices with no purchase orders" was invented by Timothy S. McEneny Sr. (Colts Neck, N.J.), Erick W. Schutz (South Belmar, N.J.), Joseph E. Fallon (Liverpool, N.Y.) and Rita J. Carol (Aberdeen, N.J.).

According to the abstract* released by the U.S. Patent & Trademark Office: "An electronic invoicing system performs an integrated method of processing both purchase order based electronic invoices and electronic invoices not associated with a purchase order or transaction receipt. A portal is provided by the system. The portal has respective views for a supplier submitting non-PO based...