Continuously updated data processing system and method for measuring and reporting on value creation performance that supports real-time benchmarking

• US 20020184067A1
• Filed: 06/17/2002
• Published: 12/05/2002
• Est. Priority Date: 05/17/2000
• Status: Active Grant

• Current Assignee: TVC International Incorporated
• Original Assignee: TVC International Incorporated
• Inventors: Anderson, Rodney J., McLean, Robert I.G.
• Granted Patent: US 7,386,466 B2
• Time in Patent Office: Days
• US Class Current: 705/7
• CPC Class Codes: G06Q 10/0637 Strategic management or analysis, e.g. setting a goal or target of an organisation; Planning actions based on goals; Analysis or evaluation of effectiveness of goals
• CPC Class Codes: G06Q 10/06375 Prediction of business process outcome or impact based on a proposed change
• CPC Class Codes: G06Q 10/0639 Performance analysis of employees; Performance analysis of enterprise or organisation operations
• CPC Class Codes: G06Q 10/06393 Score-carding, benchmarking or key performance indicator [KPI] analysis
• CPC Class Codes: G06Q 30/0205 Location or geographical consideration
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

The invention affords a data processing system and method for assessing the performance of a business enterprise in creating and realizing value. More particularly, the invention affords a data processing system and method that supports the provision of real-time benchmarking through a network of benchmarking service providers.

Claims

1. A method for providing real-time benchmarking information relating to the performance of a business enterprise, comprising the steps of:

developing a data structure including information related to the performance of a business enterprise;

initiating a request for benchmarking information to a benchmarking network including one or more benchmarking service providers, each of the benchmarking service providers having one or more associated clients, the benchmarking service providers relaying the request for benchmarking information to their clients;

responding to the request for benchmarking information by providing relevant benchmarking information to the associated benchmarking service providers; and

aggregating the received benchmarking information to yield composite benchmark information relating to the performance of the business entity.

2. The method of claim 1, wherein the data structure includes information relating to the value creation performance of a business enterprise.

3. The method of claim 1, wherein the data structure includes information relating to the value realization performance of a business enterprise.

4. The method of claim 1, wherein the data structure includes information relating to the performance of a business enterprise as measured by generally accepted alternative performance reporting formats.

5. The method of claim 1, wherein the data structure includes a plurality of future and past events and related assumptions.

6. The method of claim 5, wherein the benchmarking request is repeatedly generated based on the occurrence of one or more events.

7. The method of claim 1, wherein the initiating step further comprises initiating a request for benchmarking information to a first benchmarking service provider, and relaying that request to the one or more additional benchmarking service providers in the benchmarking network.

8. The method of claim 7, wherein for each notified client, the responding step further comprises searching for relevant benchmarking information from associated data structures and providing the relevant benchmarking information to the associated benchmarking service providers.

9. The method of claim 8, wherein the aggregating step further comprises firstly aggregating by each of the associated benchmarking service providers the relevant benchmarking information from each of the responding client systems, providing the aggregated benchmarking information to the first benchmarking service provider, and secondly aggregating the aggregated benchmarking information with the relevant benchmarking information provided to the first benchmarking service provider from its client systems.

10. The method of claim 1, further comprising providing the composite benchmarking information to a requesting client system.

11. The method of claim 1, wherein the benchmarking information relates to value creation performance.

12. The method of claim 1, wherein the benchmarking information relates to value realization performance.

13. The method of claim 1, wherein the benchmarking information is continuously pooled and updated and wherein the response to the request includes providing relevant benchmarking information from the continuously pooled information.

15. The system according to claim 14, wherein present and future events are characterized by the first and second assumed variables.

16. The system according to claim 14, wherein the calculation engine repeatedly determines a series of updated outcomes of the non-financial value stream of the business enterprise and a series of updated present values of the financial value stream of the business enterprise based upon any assumed variables in the data structure including any assumed variables that have changed in response to the occurrence or non-occurrence of one or more events.

17. The system of claim 14, wherein the benchmarking information is provided in real-time and is continuously updated based upon any assumed variables in the data structure being changed in response to the occurrence or non-occurrence of one or more events.

18. The system of claim 14, wherein the benchmarking information relates to value creation performance.

19. The system of claim 14, wherein the benchmarking information relates to value realization performance.

20. The system of claim 14, wherein the benchmarking information is continuously pooled and updated and wherein the response to the request includes providing relevant benchmarking information from the continuously pooled information.

14. A system for providing real-time benchmarking information relating to the performance of a business enterprise, comprising:

a memory device for storing a data structure including a plurality of first assumed variables that have an influence on a non-financial value stream of the business enterprise and including a plurality of second assumed variables that have an influence on a financial value stream of the business enterprise;

a calculation engine for determining a first outcome of the non-financial value stream of the business enterprise based upon events characterized by the first assumed variables, the first outcome influencing at least one of the second assumed variables and for determining a first present value of the financial value stream of the business enterprise based upon the first outcome and based upon the second assumed variables;

an outcome display module for selecting outcome display reporting parameters for generating reports from information stored in the memory device, the outcome display reporting parameters being associated with certain ones of the first and second assumed variables stored in the memory device;

a filter coupled with the calculation engine for selecting those certain ones of the first and second assumed variables from the memory device to be delivered to the calculation engine; and

a benchmarking module for providing benchmarking information relating to the comparable performance of a particular business enterprise with other business enterprises.