Systems and methods for selective sharing of business performance information

• US 20050240467A1
• Filed: 07/19/2004
• Published: 10/27/2005
• Est. Priority Date: 04/23/2004
• Status: Abandoned Application

• Current Assignee: iLumen, Inc.
• Original Assignee: Illumen Incorporated
• Inventors: Eckart, Loren, Woosley, Robert
• Application Number:
  US10/893,495
• Publication Number:
  US 20050240467A1
• Time in Patent Office: Days
• US Class Current: 705/10
• CPC Class Codes: G06Q 10/10 Office automation; Time management
• CPC Class Codes: G06Q 40/12 Accounting

Abstract

An automated system for allowing a submitter business to selectively share business performance information with requestor businesses through a business performance information sharing data center computer system over the Internet. A submitter business uploads a data file including business performance information such as a trial balance report generated by the business'"'"' own accounting software program. The uploaded file is converted from the submitter-defined format to a standardized format. Various business performance data analyses are performed on the standardized data including generating standardized business performance reports and analyzing the data in accordance with financial metrics. After the business performance data has been formatted and analyzed, the submitter will specify one or more companies authorized to view the business performance data including specifying a level of business performance detail, from a plurality of levels of detail, and/or a business performance time period for which that company may view business performance information.

Claims

1. A method for selectively sharing business performance information of a submitter business with one or more requester businesses, comprising the steps of:

generating at least one business performance report based on data associated with a submitter business on a computer system;

uploading the at least one business performance report to a data center computer system via a communications network;

converting, using an automated process executed by said data center computer system, said as least one business performance report from a first data format to a second data format; and

receiving an instruction from said submitter business, said instruction including an indication of at least one receiver business authorized to view said at least one business performance report associated with said submitter business in said second format over said communications network.

2. The method of claim 1, the step of generating at least one business performance report comprising generating at least one business performance report using an accounting software program running on the computer system and saving the report as at least one electronic file.

3. The method of claim 2, wherein the step of generating at least one business performance report comprises generating a report based on data from a business performance period.

4. The method of claim 2, wherein the step of generating at least one business performance report comprises generating a trial balance report.

5. The method of claim 1, the step of uploading said at least one business performance report comprising logging into an Internet website associated with the data center computer system through a secure connection and uploading at least one electronic file to the data center computer system.

6. The method of claim 1, the step of converting said at least one business performance report from a first format to a second format comprising converting said at least one business performance report from a submitter-defined format to a standardized format.

7. The method of claim 6, the step of converting said at least one business performance report further comprises analyzing said business performance data in accordance with at least one financial metric.

8. The method of claim 7, wherein said at least one financial metric is chosen from the group consisting of revenue growth, gross margins, EBIT and EBITDA margins, cash position and cash flow generation, debt to total capitalization ratio, funded debt to EBITDA ratio, interest coverage metrics, and other generally accepted accounting metrics.

9. The method of claim 7, the step of converting said at least one business performance report further comprises generating one or more alerts in said second format if said at least one financial metric is below a predetermined threshold set by a requesting party for each of said metrics.

10. The method of claim 1, the step of receiving an instruction from said submitter business further comprising receiving an instruction indicating a level from a plurality of levels of business performance information that a may be accessed by receiver business.

11. The method of claim 1, the step of receiving an instruction from said submitter business further comprising receiving a instruction indicating a time period of performance information for which the requestor business is authorized to view.

12. The method of claim 10, further comprising the step of displaying said business performance report to said authorized receiver business in said second format based on said indicated level of business performance information authorized for that receiver business.

13. The method of claim 11, further comprising the step of displaying said business performance report to said authorized receiver business in said second format based on said indicated time period of performance information authorized for that receiver business.

14. A method for sharing business performance data of a submitter business with one or more requester businesses comprising:

generating, with a software program executing on a computer system, at least one business performance report comprising business performance data of a submitter business in a first data format;

using a graphical user interface, uploading said at least one report to a data center computer system via the Internet;

converting, using an automated process executed by said data center computer system, said at least one report from said first data format into a second data format; and

receiving an indication from said submitter business, through said graphical user interface, of at least one receiver business authorized to view said at least one report in said second data format over the Internet.

15. The method according to claim 14, the step of generating at least one business performance report comprising generating a trial balance report.

16. The method according to claim 14, the step of generating at least one business performance report comprising saving the report as an electronic file.

17. The method according to claim 16, the step of uploading said at least one report comprising uploading the electronic file.

18. The method according to claim 14, using a graphical user interface comprising using a web browser software application.

19. The method according to claim 14, the step of converting the at least one report from said first data format into a second data format comprising converting the report from a submitter-defined format to a standardized format.

20. The method according to claim 19, the step of converting said at least one report from the submitter-defined format to a standardized format comprising performing a mapping from the specific submitter-defined format to the standardized format using a predetermined mapping function associated with the submitter-defined format.

21. The method according to claim 14, the step of converting further comprising analyzing said business performance data in accordance with at least one financial metric.

22. The method of claim 21, wherein said at least one financial metric is chosen from the group consisting of revenue growth, gross margins, EBIT and EBITDA margins, cash position and cash flow generation, debt to total capitalization ratio, funded debt to EBITDA ratio, interest coverage metrics, and other generally accepted accounting metrics.

23. The method of claim 21, the step of converting said at least one business performance report further comprises generating one or more alerts in said second format if said at least one financial metric is below a predetermined threshold set by a requesting party for each of said metrics.

24. The method of claim 14, the step of receiving an instruction from said submitter business further comprising receiving an instruction indicating a level from a plurality of levels of business performance information that a may be accessed by the receiver business.

25. The method of claim 14, the step of receiving an instruction from said submitter business further comprising receiving a instruction indicating a time period of performance information for which the receiver business is authorized to view.

26. The method of claim 24, further comprising the step of displaying said business performance report to said authorized receiver business in said second format based on said indicated level of business performance information authorized for that receiver business.

27. The method of claim 25, further comprising the step of displaying said business performance report to said authorized receiver business in said second format based on said indicated time period of performance information authorized for that receiver business.

28. A system for automated submitter controlled sharing of business performance information between a submitter business and one or more requestor businesses comprising:

at least one data center computer system configured to;

operate at least one Internet web site displaying one or more Internet web pages;

receive business performance information associated with a submitter business via data upload of at least one business performance information file from said submitter business over the Internet, said at least one business performance information file formatted in a first data format;

using software instructions executing on said data center computer system, converting said at least one business performance report into a second data format;

receive an indication from said submitter business of at least one requestor business authorized to view said at least one business performance report;

notify said requestor business that they have been authorized by the submitter business; and

display said at least one business performance report to said at least one requester in said second data format over the Internet based on said indication.

29. The system of claim 28, wherein said at least one business performance information file comprises a trial balance report stored as an electronic file.

30. The system of claim 28, wherein said indication comprises responses selected by the submitter on an interactive web page indicating, for each authorized requestor business, a level of business performance information that may be viewed from the total set of available business performance information.

31. The system of claim 28, wherein said indication comprises responses selected by the submitter on an interactive web page, indicating, for each authorized requestor business, a period of business performance information that may be viewed from all the periods of available business performance information.

32. The system of claim 30, wherein said data center computer system is configured to display said at least one business performance report to said at least one requestor based on said indicated level of business performance information authorized for each requester.

33. The system of claim 31, wherein said data center computer system is configured to display said at least one business performance report to said at least one requester based on said indicated period of business performance information level of business performance information authorized for each requester.

34. The system of claim 32, wherein said data upload comprises an interactive data file upload web page including one or more submitter-defined fields used to characterize said data file.

35. The system of claim 32, wherein said data center computer system is configured to convert said at least one business performance report from a submitter-defined format to a standardized format.

36. The system of claim 35, wherein said data center computer system is configured to convert said at least one business performance report from a submitter -defined format to a standardized format using a predetermined mapping function associated with the submitter-defined format band based on values of the one or more submitter-defined fields.

37. The system of claim 28, wherein the data center computer system is configured to analyze the business performance data in accordance with at least one financial metric.

38. The system of claim 28, wherein said at least one financial metric is chosen from the group consisting of revenue growth, gross margins, EBIT and EBITDA margins, cash position and cash flow generation, debt to total capitalization ratio, funded debt to EBITDA ratio, interest coverage metrics, and other generally accepted accounting metrics.

39. The method of claim 37, wherein the data center computer system is configured to generate one or more alerts in said second format if said at least one financial metric is below a predetermined threshold set by a requesting party for each of said metrics.

40. In an environment comprising a plurality of submitter businesses, each submitter business associated with at least one submitter business computer system, a data center computer system, and a plurality of requester businesses, each requestor business associated with at least one requestor computer system, said submitter business computer systems and said requester business computer systems connected to said data center computer system via a communications network, a system for selectively sharing business performance information of a submitter business with a requestor business, the system comprising:

at least one data center computer system comprising;

means for electronically receiving over a communications network at least one business performance information file associated with a submitter business, said at least one business performance information file in a first data format;

automated means for converting said at least one business performance information file into a second data format;

means for receiving an indication from said submitter business of at least one requestor business authorized to view said information;

means for notifying said requestor business that they have been authorized by the submitter business; and

means for displaying information contained in said at least one business performance information file to said authorized requestor in said second data format over said communications network.

41. The system of claim 40, means for electronically receiving at least one business performance information file comprises means for presenting to a user an interactive file upload web page to a web browser of the submitter to facilitate transfer of the at least one business performance information file to the data center computer system.

42. The system to claim 40, wherein said at least one business performance information file comprises a trial balance worksheet saved as an electronic file.

43. The system of claim 40, wherein automated means for converting said at least one business performance file into a second data format comprises means for converting the report from a submitter-defined format to a standardized format.

44. The system of claim 43, wherein said means for converting the report from a submitter-defined format to a standardized format comprises a software-based mapping function for converting the data file from the specific submitter-defined format to the standardized format using a predetermined mapping function associated with the submitter-defined format.

45. The system of claim 40, wherein said means for converting said at least one business performance information file into a second data format comprises software instructions for analyzing said business performance data in accordance with at least one financial metric.

46. The system of claim 40, wherein said at least one financial metric is chosen from the group consisting of revenue growth, gross margins, EBIT and EBITDA margins, cash position and cash flow generation, debt to total capitalization ratio, funded debt to EBITDA ratio, interest coverage metrics, and other generally accepted accounting metrics.

47. The system of claim 45, further comprising means for generating one or more alerts in said second format if said at least one financial metric is below a predetermined threshold set by a requesting party for each of said metrics.

48. The system of claim 40, said means for receiving an indication from said submitter business of at least one requestor business authorized to view said information comprising means for receiving instructions from said submitter business indicating, for each authorized receiver business, a level selected from a plurality of levels of business performance information that a may be accessed by the receiver business.

49. The system of claim 40, said means for receiving an indication from said submitter business of at least one requestor business authorized to view said information comprising means for receiving instructions from said submitter business indicating, for each authorized receiver business, a time period of performance information for which the receiver business is authorized to view.

50. The system of claim 48, said means for displaying information contained in said at least one business performance information file to said authorized requestor comprising means for displaying information contained in said at least one business performance report based on said indicated level of business performance information for that authorized receiver business.

51. The system of claim 49, said means for displaying information contained in said at least one business performance information file to said authorized requestor comprising means for displaying information contained in said at least one business performance report based on said indicated time period of business performance information for that authorized receiver business.

52. A method for encouraging submitter businesses to share business performance information with requestor businesses through a business performance information sharing network comprising:

receiving at a data center computer system a request for business performance information of at least one submitter business;

sending an electronic request to at least one submitter business requesting authorization for the requester business to view business performance information corresponding to the at least one submitter business;

notifying said requestor business of a response to said electronic request; and

allowing said requester to view said business performance information based on submitter instructions included in a received response to said request.

53. The method according to claim 52, the step of receiving a request for business performance information of at least one submitter business comprising receiving a request from a requestor business via an interactive web page supplied by the data center computer system for business performance information on one or more participating submitter businesses.

54. The method according to claim 53, the step of sending an electronic message comprises sending an electronic mail message to at least one submitter business including a click through link to route the submitter business to the data center computer system.

55. The method according to claim 54, further comprising, once the submitter has been routed to the data center computer system, receiving from the submitter business an indication of whether the requestor business is authorized to view business performance information of that submitter.

56. The method according to claim 55, the step of receiving from the submitter an indication of whether the requester business is authorized to view business performance information of that submitter further comprising, if the requester is authorized, receiving an indication of a level of business performance information, from a plurality of levels, that may be viewed by the requester.

57. The method according to claim 55, the step of receiving from the submitter an indication of whether the requester business is authorized to view business performance information of that submitter further comprising, if the requestor is authorized, receiving an indication of a period of financial information from all available periods that may be viewed by the requester.

58. The method according to claim 56, the step of allowing said requester to view said business performance information based on submitter instructions comprising allowing said requestor to view said business performance information based on said indicated level of business performance information authorized for that requester business.

59. The method according to claim 57, the step of allowing said requestor to view said business performance information based on submitter instructions comprising allowing said requestor to view said business performance information based on said indicated period of business performance information authorized for that requestor business.

60. In a data center computer system, a computer readable storage medium containing computer readable instructions executable by a processor, said instructions configured to enable a submitter business to share business performance information with a requestor business comprising:

instructions for receiving a data upload comprising a file containing business performance data corresponding to a submitter in the form of a business performance information file in a first data format;

instructions for converting said business performance data in said business performance information file into a second data format;

instructions for requesting and receiving an indication of a requestor business authorized by said submitter business to view said business performance data;

instructions for notifying said requestor business that they have been authorized by the submitter business; and

instructions for displaying said business performance data to said authorized requestor business in said second data format.

61. The computer readable storage medium of claim 60, said instructions for converting said business performance data in said business performance information file into a second data format comprising instructions for converting a trial balance report from a submitter-defined format to a standardized format.

62. The computer readable storage medium of claim 61, said instructions for converting said trial balance report from a submitter-defined format to a standardized format comprising instructions for performing a mapping from the specific submitter-defined format to the standardized format using a predetermined mapping function associated with the submitter-defined format.

63. The computer readable storage medium of claim 60, said instructions for converting said business performance data in said business performance information file into a second data format comprising instructions for analyzing said business performance data in accordance with at least one financial metric.

64. The computer readable storage medium of claim 63, wherein said at least one financial metric is chosen from the group consisting of revenue growth, gross margins, EBIT and EBITDA margins, cash position and cash flow generation, debt to total capitalization ratio, funded debt to EBITDA ratio, interest coverage metrics, and other generally accepted accounting metrics.

65. The computer readable storage medium according to claim 63, said instructions for analyzing said business performance data in accordance with at least one financial metric further comprising instructions for generating one or more alerts in said second format if said at least one financial metric is below a predetermined threshold set by a requesting party for each of said metrics.

66. The computer readable storage medium of claim 60, said instructions for requesting and receiving an indication of a requestor business authorized by said submitter business to view said business performance data further comprising instructions for receiving from a submitter business an indication of a level chosen from a plurality of levels of business performance information that a may be accessed by the requestor business.

67. The computer readable storage medium of claim 60, said instructions for requesting and receiving an indication of a requestor business authorized by said submitter business to view said business performance data further comprising instructions for receiving from a submitter business an indication of a time period of business performance information that may be viewed by the requestor business.

68. The computer readable storage medium of claim 66, said instructions for displaying said business performance data to said authorized requester business in said second data format comprising instructions for displaying said business performance information in accordance with said indicated level of business performance information authorized for that requestor.

69. The computer readable storage medium of claim 67, said instructions for displaying said business performance data to said authorized requester business in said second data format comprising instructions for displaying said business performance information in accordance with said time period for business performance information authorized for that requester.