Automated system and method for monitoring, alerting and confirming resolution of critical business and regulatory metrics

• US 20070033129A1
• Filed: 08/02/2006
• Published: 02/08/2007
• Est. Priority Date: 08/02/2005
• Status: Abandoned Application

• Current Assignee: PNC Global Investmentservicing Incorporated (The PNC Financial Services Group, Inc.)
• Original Assignee: PNC Global Investmentservicing Incorporated (The PNC Financial Services Group, Inc.)
• Inventors: Coates, Frank
• Application Number:
  US11/498,497
• Publication Number:
  US 20070033129A1
• Time in Patent Office: Days
• US Class Current: 705/36.R
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

A system and method for monitoring specified metrics is disclosed. The system and method comprises a data collection engine which collects data related to said metrics, a data analysis engine which analyzes the data collected by the data collection engine to produce analyzed data related to the specified metrics, a data storage repository which provides a repository for the data collected by the data collection engine, and the analyzed data produced by the data analysis engine, and a dashboard monitoring system may provide both input and output functionality. As an input device, the dashboard monitoring system may enable a user to directly input data into the system without involving third parties or utilizing the data collection, data analysis, or data storage modules of the system. As an output device, the dashboard monitoring system may provide a mechanism for reporting the data collected by the data collection engine, and the analyzed data produced by the data analysis engine. In one embodiment, the system and method of the invention automatically or semi-automatically collects, monitors, analyzes, and reports specified metrics related to one or more financial investment funds or other investment vehicle. The dashboard monitoring system and method of the invention may comprise an interactive graphical user interface which may display specified collected and/or analyzed data corresponding to the metrics related to a financial investment vehicle being monitored. Authorized users of the system may alter parameters related to the monitored metrics to modify comparative thresholds and/or to generate theoretical situations or “What if?” scenarios to forecast or otherwise anticipate fund performance based upon such alterations to metric parameters. The system and method of the invention may be used by fund boards of directors, fund advisors, fund management, as well as institutional and other investors to assist in decision making processes. An automated alert system may also be provided to alert select system users if specified fund metrics fall outside of established fund thresholds.

Claims

1. An method for automatically reporting output information to a user, said method comprising the steps of:

establishing one or more types of said output information to be reported to said user;

collecting data in a database;

establishing one or more rules to be applied to said data;

applying said one or more rules to said data to produce said output information;

establishing one or more thresholds corresponding to said output information;

comparing said output information to said thresholds; and

reporting said output information corresponding to said information type to be reported to said user through an output interface.

2. The method of claim 1, wherein said output interface may be customized by said user to report output information desired by said user.

3. The method of claim 1, wherein said output interface enables said user to specify said rules.

4. The method of claim 1, wherein said output interface enables said thresholds to be specified.

5. The method of claim 1, wherein said output interface comprises a graphical dashboard.

6. The method of claim 1, wherein said data in said database is collected from at least publicly available sources.

7. The method of claim 1, wherein said data in said database is collected from at least said output information.

8. The method of claim 1, wherein said rules comprise algorithms, parameters, metrics or protocols.

9. The method of claim 1, wherein said output interface enables thresholds, and rules to be adjusted to generate alternative output information.

10. The method of claim 1, wherein said output information may be transmitted to select users based upon said output information.

11. An automated system for reporting output information to a user comprising:

a database repository, said database repository for collecting data;

a database analysis engine, said analysis engine comprising a processor which processes said data to produce said output information;

an output information generator, said generator comprising a threshold comparator which compares thresholds corresponding to said output information; and

an output interface, said output interface comprising a reporting function which reports said output information to said user.

12. The system of claim 11, wherein said output interface may be customized by said user to report output information desired by said user.

13. The system of claim 11, wherein said output interface enables said user to specify said rules.

14. The system of claim 11, wherein said output interface enables said thresholds to be specified.

15. The system of claim 11, wherein said output interface comprises a graphical dashboard.

16. The system of claim 11, wherein said data in said database is collected from at least publicly available sources.

17. The system of claim 11, wherein said data in said database is collected from at least said output information.

18. The system of claim 11, wherein said rules comprise algorithms, parameters, metrics or protocols.

19. The system of claim 11, wherein said output interface enables thresholds, and rules to be adjusted to generate alternative output information.

20. The system of claim 11, wherein said output information may be transmitted to select users based upon said output information.

21. A system for monitoring specified metrics, said system comprising:

a data collection engine which collects data related to said metrics;

a data analysis engine which analyzes said data collected by said data collection engine to produce analyzed data related to said metrics;

a data storage repository which provides a repository for said data collected by said data collection engine, and said analyzed data produced by said data analysis engine; and

a dashboard monitoring system which provides an output mechanism for reporting data collected by said data collection engine, and said analyzed data produced by said data analysis engine.

22. The system of claim 21, wherein said metrics being monitored are related to one or more financial investment funds or other investment vehicle.

23. The system of claim 21, wherein said output mechanism comprises an interactive graphical user interface which displays specified collected and/or analyzed data corresponding to said metrics.

24. The system of claim 21, wherein authorized users of the system may alter parameters related to said metrics to generate theoretical output data.

25. The system of claim 22 further comprising an automated alert system which alerts select system users when specified investment vehicle metrics fall outside of established investment vehicle parameters.

26. The system of claim 21, wherein said dashboard monitoring system further comprises a data input mechanism.

27. The system of claim 26, wherein said data input mechanism comprises a direct data input function.

28. A method for monitoring specified metrics, said method comprising the steps of:

collecting data related to said metrics through a data collection engine;

analyzing through a data analysis engine said data collected by said data collection engine to produce analyzed data related to said metrics;

providing a data storage repository which repository stores said data collected by said data collection engine, and said analyzed data produced by said data analysis engine; and

providing a dashboard monitoring system having an output mechanism for reporting data collected by said data collection engine, and said analyzed data produced by said data analysis engine.

29. The method of claim 28, wherein said metrics being monitored are related to one or more financial investment funds or other investment vehicle.

30. The method of claim 28, wherein said output mechanism comprises an interactive graphical user interface which displays specified collected and/or analyzed data corresponding to said metrics.

31. The method of claim 28, further comprising the step of altering said parameters related to said metrics to generate theoretical output data.

32. The method of claim 29, further comprising the step of automatically generating an alert or other notification when specified investment vehicle metrics fall outside of established investment vehicle parameters.

33. The method of claim 28, further comprising the step of providing a data input mechanism through said dashboard monitoring system.

34. The method of claim 33, wherein said data input mechanism comprises a direct data input function.