Michael McWayne Cole

Title: Michael McWayne Cole: Innovator in Threshold Billing Systems

Introduction

Michael McWayne Cole is an accomplished inventor based in Clemmons, NC (US). He has made significant contributions to the field of billing systems, particularly in the management of returned goods. His innovative approach has led to the development of a unique patent that addresses the complexities of billing for returned items.

Latest Patents

Cole holds a patent for a "System and method for threshold billing for returned goods." This invention encompasses a system, method, and computer-readable medium designed for threshold billing of returned items. The process involves establishing billing threshold rules that are stored in computer memory and associated with returned items. When a returned item is identified, a computer processor determines if a billing threshold rule applies. If applicable, the processor assigns the item to a designated container based on the associated rule. The system tracks whether the billing threshold amount has been reached and generates notifications and invoices accordingly.

Career Highlights

Michael McWayne Cole is currently employed at Inmar, Inc., where he continues to innovate and develop solutions in the realm of billing and returns management. His work has been instrumental in enhancing operational efficiencies within the company.

Collaborations

Cole collaborates with talented individuals such as Revel Paul Young, II and Sean McCarthy, contributing to a dynamic work environment that fosters innovation and creativity.

Conclusion

Michael McWayne Cole is a notable inventor whose work in threshold billing systems has the potential to transform how companies manage returned goods. His contributions reflect a commitment to innovation and efficiency in the industry.