Framework for processing sales transaction data

Abstract

A framework that enables financial services companies to manage and track information about a sales force is provided. The framework includes object models for managing distributors information, for validating and tracking licenses and credentials, for creating customized contracts, and for maintaining compensation structures. The framework allows for configuring compensations, providing financial services companies a toolkit for creating and modeling their complex commission schedules used to compensate their sales force. The framework also provides modeling tools for agreements and contracts between a financial services company or provider and the distributors who sell their products. The framework has a multi-component architecture comprising multiple modules, multiple data processing engines, a backbone and multiple data sources. The processing modules carry out information processing using one or more data processing engines. The data processing provides the tools to fetch data from the databases and process it.

1 . A system for managing relationships between a product provider and distributors of said product comprising:
 at least one processor;   memory coupled to said at least one processor;   said memory comprising a plurality of object modules configured for management of relationships between a product provider and a plurality of distributors;   said plurality of object modules comprising means for creating agreements between a plurality of distributors and a product provider;   said plurality of object modules comprising means for managing said plurality of distributors of said product provider;   said plurality of object modules comprising means for managing sales of products of said product provider by said distributors;   said plurality of object modules comprising means for managing compensation of said distributors based on said sales of said products.   
     
     
         2 - 21 . (canceled)