Net Host Newtek Receives Patent for NewTracker Referral Processing and Tracking Program
Newtek Business Services announced on Monday that it has received a patent for its NewTracker Referral Processing and Tracking System
Associated Subjects: new goods, newtek, patent, software and tools
Net hosting provider Newtek Company Solutions announced on Monday that it has received a patent for its NewTracker Referral Processing and Tracking System. Developed internally, NewTracker is a full client referral, tracking and processing software.
This move comes a month following Newtek launched Adobe ColdFusion ten web hosting plans as element of its cloud hosting merchandise.
NewTracker integrates the safe receipts, processing, tracking and reporting of enterprise referrals and leads. Newtek says a substantial portion of its business comes from referrals from other organizations and partners.
Newtek has created its NewTracker method over the previous eight years, according to the press release. NewTracker was designed by Craig J. Brunet, Newtek executive vice president and chief data officer, and its internal development team. The patent was filed in September 2006, according to PatentGenius.com.
Newtek says it intends to defend its intellectual home and discover commercialization opportunities of the software beyond its internal use.
Although patents can certainly aid validate Direct Auto Insurance coverage intellectual home, many hope the patent system adapts to deter patent trolls. Final week, Rackspace responded to a patent complaint filed against it by PersonalWeb, that claimed its consumer GitHub was infrining on its intellectual house.
“The ability of Newtek to effectively and efficiently method massive volumes of business opportunities even though sustaining the highest levels of good quality manage and safety for organizations interested in enterprise loans, cloud computing services, eCommerce options, payroll services, private and industrial insurance, merchant processing, internet solutions and technology options rests squarely on NewTracker,” Newtek chairman and CEO Barry Sloane said in a statement.
NewTracker links referring partners and Newtek collectively, enabling comprehensive transparency into its back office processing.
According to the press release, NewTracker offers its partners the capacity to refer clientele or leads “based on an expressed require whilst performing virtually no underwriting or information gathering.”
“The underwriting and organization intelligence is carried out by Newtek directly with the consumer and, on a mandatory basis, is logged into the notes of our software program, affording full transparency and an accounting and a compliance audit trail to all our regulated and non-regulated referral partners,” Sloane stated.
NewTracker has enabled Newtek to obtain buyers in the little and medium organization space at extremely low expenses.
Employees is Direct Auto Insurance not compensated on commission but instead their overall performance is measured primarily based upon all of the statistics and efficiency criteria set up by Newtek and captured by the NewTracker program.
“NewTracker has essentially place a barcode on a service supplying, equivalent to the way overnight delivery services can track a package from intake to delivery throughout their systems. Any referring party can, on a actual time, 24/7 basis, get an update on what we are carrying out with their referred buyer. Numerous of our clientele get automatic reports sent to them day-to-day. Due to the transparency we offer, we have over the course of time accomplished the highest level of customer service for our alliance partners.”
Speak back: Have you filed patents for your internally created technology? Why or why not? Let us know in a comment.
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1 comment… study it under or add one particular
September 26, 2012 at 1:18 pm
An fascinating technology. It is an improvement from the patents I have been seeing lately. I am all for protecting intellectual home, but factors have been receiving ridiculous with firms and folks abusing the technique.
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Originally posted 2013-08-02 07:21:41.