FORM 2
THE PATENT ACT, 1970
(39 OF 1970)
COMPLETE SPECIFICATION
(See Section 10 and rule 13)
"An automated system for selection of discount offer to a buyer for payment of einvoice"
Zycus Infotech Pvt. Ltd
an Indian Company registered under the provisions of the Companies Act, 1956,
with our Corporate office at GJ-07, SEEPZ++, SEEPZ SEZ, Andheri (East), Mumbai - 400096.,
Maharashtra, India.

The following specification particularly describes the invention and the matter in which it is to be performed.
FIELD OF THE INVENTION
The present invention relates to electronic auction and procurement. In particular, the invention relates to "An automated system for selection of discount offer to a buyer for payment of einvoice"
BACKGROUND OF THE INVENTION
Present invention provides a system for automated selection of discount offer to a buyer for atleast one procurement item said system comprises a communication interface for accessing the host computer system from a plurality of remote input/ output devices to provide an input for a buyer, the business process element, further comprising an information seeking system to seek atleast one input data for the payment pattern for a procurement item for atleast one Buyer. There isa a payment pattern analyzation system to analyze the payment pattern for atleast one buyer for a procurement item based on payment pattern Rule Creation Engine. Further there is a discount offer selection system to analyze the dates on which discount to be offered or not to a buyer based on discount offer decision rules associated with the analyzed payment pattern for atleast one buyer for atleast one procurement item. Currently there are no such system which can analyze on which date and to which buyer whether a discount should be offered or not Thus, present system provides this functionality and provides more advantage to the organization and its cash flow..

OBJECTS OF THE INVENTION
An object of the present invention is to provide a "An automated system for selection of discount offer to a buyer for payment of einvoice"
Another object of the present invention is to provide a system containing an integration of einvoicing system and spend analysis management
SUMMARY OF THE INVENTION
A system for automated selection of discount offer to a buyer for atleast one procurement item said system comprises:
- a host computer system;
- at least one database component associated with the host computer system;
- a communication interface for accessing the host computer system from a plurality of remote input/ output devices to provide an input for a buyer, the business process element, further comprising:
- an information seeking system to seek atleast one input data for the payment pattern for a procurement item for atleast one Buyer.
- a payment pattern analyzation system to analyze the payment pattern for atleast one buyer for a procurement item based on payment pattern Rule Creation Engine.

-a discount offer selection system to analyze the dates on which discount to be offered or not to a buyer based on discount offer decision rules associated with the analyzed payment pattern for atleast one buyer for atleast one procurement item.
BRIEF DESCRIPTION
The invention will now be described in relation to the accompanying drawings in which:
Figure 1 illustrates a schematic of the system containing integration of einvoicing and spend analysis system.
Figure 2 illustrates the steps for automated selection of discount offer to a buyer
DETAILED DESCRIPTION
According to the system of present invention, there is a system for automated selection of discount offer to a buyer for atleast one procurement item. In one of the embodiment of the system it includes a communication interface for accessing the host computer system from a plurality of remote input/ output devices to provide an input for a buyer. The input data for the buyer is provided through mobile based registration form(s) by the user while accessing through input output devices like mobile, iPhone, iPad, Android device, Windows device, Blackberry etc. In yet another embodiment of the system it includes an information seeking system to seek atleast one input data for the payment pattern for a procurement item for atleast one Buyer. In yet another embodiment of the system it includes a payment pattern analyzation system to analyze the payment pattern for atleast one buyer for a procurement item based on payment pattern Rule Creation Engine. The decision rules associated with the analyzed payment pattern for deciding whether the discount offer to be offered to the buyer includes atleast one of the following decision rules - if number of delayed payments made by buyer are less than preconfigured limits then discount can be offered to the buyer, if number of on time payments made by buyer is greater than the preconfigured limits then discount can be offered to the buyer, if number of payments made by buyer before the invoice due date are greater than preconfigured

limits then discount can be offered to the buyer , if number of discount offers accepted by buyer in the past are greater than preconfigured limits then discount can be offered to the buyer , if number of discount offer rejected by buyer in the past are less than preconfigured limits then the discount can be offered to the buyer. The decision rules associated with the analyzed payment pattern for deciding whether the discount offer to be offered to the buyer includes atleast one of the following decision rules - if number of delayed payments made by buyer are more than preconfigured limits then discount need not be offered to the buyer, if number of on time payments made by buyer are less than the preconfigured limits then discount need not be offered to the buyer, if number of payments made by buyer before the invoice due date are less than preconfigured limits then discount need not be offered to the buyer , if number of discount offers accepted by buyer in the past are less than preconfigured limits then discount need not be offered to the buyer , if number of discount offer rejected by buyer in the past are greater than preconfigured limits then discount need not be offered to the buyer.
In yet another embodiment of the system it includes a discount offer selection system to analyze the dates on which discount to be offered or not to a buyer based on discount offer decision rules associated with the analyzed payment pattern for atleast one buyer for atleast one procurement item. Further the system also includes integration of einvoiig system and spend analysis management system for exchanging information between these two integrated system. Further the system intelligence enables predicting cash flow of the buyer based on which system can decide whether to offer discount or not. The system intelligence also enables to decide the dates on which the discount can be offered.

"An automated system for selection of discount offer to a buyer for payment of einvoice"
We Claim:
1. A system for automated selection of discount offer to a buyer for atleast one
procurement item said system comprises:
- a host computer system;
- at least one database component associated with the host computer system;
- a communication interface for accessing the host computer system from a plurality of remote input/ output devices to provide an input for a buyer, the business process element, further comprising:
- an information seeking system to seek atleast one input data for the payment pattern for a procurement item for atleast one Buyer.
- a payment pattern analyzation system to analyze the payment pattern for atleast one buyer for a procurement item based on payment pattern Rule Creation Engine.
-a discount offer selection system to analyze the dates on which discount to be offered or not to a buyer based on discount offer decision rules associated with the analyzed payment pattern for atleast one buyer for atleast one procurement item.
2. The system as claimed in claim 1, wherein, the information seeking system to seek information of payment pattern includes history of the buyer's payment patterns. Buyer's delayed payment history, buyer's on time payment history , buyer's average payment date history, buyer's transaction, history of dates on which buyer has made payment.
3. The system as claimed in claim 1, wherein, Rule Creation Engine adapted for analyzing the payment pattern includes number of delayed payments made by buyer, number of on time payments made by buyer, number of payment made by buyer before the invoice due date , number of discount offers accepted by buyer in the past, number of

discount offer rejected by buyer in the past, permutation and combination of one or more information of payment pattern of atleast one buyer.
4. The system as claimed in claim 1, the decision rules associated with the analyzed payment pattern for deciding whether the discount offer to be offered to the buyer includes atleast one of the following decision rules - if number of delayed payments made by buyer are less than preconfigured limits then discount can be offered to the buyer, if number of on time payments made by buyer is greater than the preconfigured limits then discount can be offered to the buyer, if number of payments made by buyer before the invoice due date are greater than preconfigured limits then discount can be offered to the buyer , if number of discount offers accepted by buyer in the past are greater than preconfigured limits then discount can be offered to the buyer, if number of discount offer rejected by buyer in the past are less than preconfigured limits then the discount can be offered to the buyer.
5. The system as claimed in claim 1, the decision rules associated with the analyzed payment pattern for deciding whether the discount offer to be offered to the buyer includes atleast one of the following decision rules - if number of delayed payments made by buyer are more than preconfigured limits then discount need not be offered to the buyer, if number of on time payments made by buyer are less than the preconfigured limits then discount need not be offered to the buyer, if number of payments made by buyer before the invoice due date are less than preconfigured limits then discount need not be offered to the buyer , if number of discount offers accepted by buyer in the past are less than preconfigured limits then discount need not be offered to the buyer , if number of discount offer rejected by buyer in the past are greater than preconfigured limits then discount need not be offered to the buyer.
6. A method for automated selection of discount offer to a buyer for atleast one procurement item said system comprises:
- a host computer system;

- at least one database component associated with the host computer system;
- a communication interface for accessing the host computer system from a plurality of remote input/ output devices to provide an input for a buyer, the business process element, further comprising:
- an information seeking method to seek atleast one input data for the payment pattern for a procurement its for atleast one Buyer.
- a payment pattern analyzation method to analyze the payment pattern for atleast one buyer for a procurement item based on payment pattern Rule Creation Engine.
-a discount offer selection method to analyze the dates on which discount to be offered or not to a buyer based on discount offer decision rules associated with the analyzed payment pattern for atleast one buyer for atleast one procurement item.
7. The method as claimed in claim 1, wherein, the information seeking system to seek information of payment pattern includes history of the buyer's payment patterns. Buyer's delayed payment history, buyer's on time payment history , buyer's average payment date history, buyer's transaction, history of dates on which buyer has made payment.
8. The method as claimed in claim 1, wherein, Rule Creation Engine adapted for analyzing the payment pattern includes number of delayed payments made by buyer, number of on time payments made by buyer, number of payment made by buyer before the invoice due date , number of discount offers accepted by buyer in the past, number of discount offer rejected by buyer in the past, permutation and combination of one or more information of payment pattern of atleast one buyer.
9. The method as claimed in claim 1, the decision rules associated with the analyzed payment pattern for deciding whether the discount offer to be offered to the buyer includes atleast one of the following decision rules - if number of delayed payments made by buyer are less than preconfigured limits then discount can be offered to the buyer, if number of on time payments made by buyer is greater than the preconfigured limits then discount can be offered to the buyer, if number of payments made by buyer

before the invoice due date are greater than preconfigured limits then discount can be offered to the buyer , if number of discount offers accepted by buyer in the past are greater than preconfigured limits then discount can be offered to the buyer , if number of discount offer rejected by buyer in the past are less than preconfigured limits then the discount can be offered to the buyer.
10. The method as claimed in claim 1, the decision rules associated with the analyzed payment pattern for deciding whether the discount offer to be offered to the buyer includes atleast one of the following decision rules - if number of delayed payments made by buyer are more than preconfigured limits then discount need not be offered to the buyer, if number of on time payments made by buyer are less than the preconfigured limits then discount need not be offered to the buyer, if number of payments made by buyer before the invoice due date are less than preconfigured limits then discount need not be offered to the buyer , if number of discount offers accepted by buyer in the past are less than preconfigured limits then discount need not be offered to the buyer , if number of discount offer rejected by buyer in the past are greater than preconfigured limits then discount need not be offered to the buyer.