Charles Erickson

Title: The Innovations of Charles Erickson

Introduction

Charles Erickson is a notable inventor based in Cedar Park, TX (US), recognized for his contributions to the field of financial services technology. With a total of 11 patents to his name, Erickson has developed systems that enhance the management of distributor information and sales transaction data.

Latest Patents

One of Erickson's latest patents is a "Method and system for managing distributor information." This invention provides a comprehensive system that enables financial services companies to manage and track information about their sales force. The system includes components for managing distributor information, validating and tracking licenses and credentials, creating customized contracts, and maintaining compensation structures. It allows for configuring compensations, offering financial services companies a toolkit for modeling complex commission schedules used to compensate their sales force. The architecture of the system comprises multiple modules, data processing engines, a backbone, and various data sources, facilitating efficient information processing.

Another significant patent is the "Method and apparatus for processing sales transaction data." This system manages agreements that financial services companies have with distributors selling their products. Each distributor has sales representatives who earn commissions, and the system generates selling agreements utilizing components representative of the agreement type. It contains a rule set that enables a configuration engine to generate appropriate documents, ensuring compliance with selling agreement terms and regulatory conditions for each sale made by the representatives.

Career Highlights

Throughout his career, Charles Erickson has worked with several companies, including Versata Development Group, Inc. and Convergys CMG Utah Inc. His experience in these organizations has contributed to his expertise in developing innovative solutions for the financial services sector.

Collaborations

Erickson has collaborated with notable individuals in his field, including David Chao and Brian L. Blount. These collaborations have likely enriched his work and contributed to the development of his patented technologies.

Conclusion

Charles Erickson's innovative contributions to financial services technology demonstrate his commitment to improving the management of distributor information and sales transactions. His patents reflect a deep understanding of the complexities involved in these processes, making him a significant figure in his field.