Enterprise planning
First Claim
1. A computer-based method comprising:
- capturing with a server forecast data from a set of contributors according to a multi-level organizational model;
capturing with the server target data from a set of analysts;
executing software on the server to perform a reconciliation process to reconcile the target data and the forecast data in accordance with the organizational model by;
selecting one or more of the contributors associated with a current level of the organizational model, presenting the target data and the forecast data to the selected contributors, receiving with the server review information from the selected contributors, wherein the review information indicates whether the selected contributors accept or reject the forecast data in view of the captured target data, automatically updating the current level with the server based upon the review information, receiving with the server updated forecast data based on the updated current level when at least one of the selected contributors rejects the forecast data, and repeating the reconciliation process with the server until the current level reaches a pre-defined level of the model and the review information indicates that the selected contributors associated with that pre-defined level accept the forecast data; and
generating a report based on the forecast data.
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Accused Products
Abstract
The invention is directed to a budget planning system that improves the accuracy and predictability of budget planning within large organizations by enabling organizations to reconcile corporate financial models and organizational targets with detailed spending forecasts. The budgeting system includes a database that is configured to store data defining a budgeting model for the organization. The model has a plurality of hierarchically arranged nodes, each node corresponding to a “contributor” that either provides forecast data or review data provided by contributors associated with lower level nodes. The system is configured to capture target data from a set of financial analysts, capture forecast data from the contributors and reconcile the target data and the forecast data according to the model.
113 Citations
17 Claims
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1. A computer-based method comprising:
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capturing with a server forecast data from a set of contributors according to a multi-level organizational model;
capturing with the server target data from a set of analysts;
executing software on the server to perform a reconciliation process to reconcile the target data and the forecast data in accordance with the organizational model by;
selecting one or more of the contributors associated with a current level of the organizational model, presenting the target data and the forecast data to the selected contributors, receiving with the server review information from the selected contributors, wherein the review information indicates whether the selected contributors accept or reject the forecast data in view of the captured target data, automatically updating the current level with the server based upon the review information, receiving with the server updated forecast data based on the updated current level when at least one of the selected contributors rejects the forecast data, and repeating the reconciliation process with the server until the current level reaches a pre-defined level of the model and the review information indicates that the selected contributors associated with that pre-defined level accept the forecast data; and
generating a report based on the forecast data. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. An enterprise planning system comprising:
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a database configured to store data defining a set of contributors, a set of analysts, and a multi-level model of an organization, wherein the model has a plurality of hierarchically arranged nodes, each node corresponding to at least one of the contributors; and
a server coupled to the database, wherein the server accesses the data within the database, and is configured to capture forecast data from the contributors and target data from the analysts, wherein the server selectively presents the forecast data and the target data to a subset of the contributors associated with a current level of the model, and increments the current level when all of the contributors associated with nodes of the current level accept the forecast data and decrements the current level when at least one of the contributors associated with the nodes of the current level rejects the forecast data, and wherein the server generates a report based on the forecast data when the current level reaches pre-defined level within the model. - View Dependent Claims (9, 10, 11)
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12. A computer-based method for conducting an enterprise planning process by executing software on a networked computer system, the method comprising:
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storing a model of an organization, wherein the model has a plurality of nodes hierarchically arranged into a number of levels;
associating a contributor with each node of the model;
capturing, with the computer system, forecast data from a contributor associated with a node within a lower level of the model;
capturing, with the computer system, target data from a set of analysts;
selectively presenting with the computer the forecast data and the target data to a subset of the contributors for reconciliation based on a current level of the model;
receiving, with the computer system, review information from the subset of the contributors selected based on the current level;
updating the current level with the computers according to review information; and
generating, with the computer system, an enterprise planning for the organization based on the forecast data when the forecast data is approved by a contributor associated with a root node within a highest level of the model. - View Dependent Claims (14, 15)
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13. The method of claim 21, wherein updating the current level includes incrementing the current level when the review information indicates an acceptance of the forecast data and decrementing the current level when the review information indicates a rejection of the forecast data.
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16. A system comprising:
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means for storing a definition of a hierarchical model of an organization;
means for receiving organizational target data and forecast data according to the model, wherein the receiving means includes means for capturing the forecast data from a set of contributors and the organizational target data from a set of analysts;
means for reconciling the organization target data and forecast data according to the model, wherein the reconciling means selectively presents the forecast data and the target data to a subset of the contributors associated with a current level of the model, and increments the current level when all of the contributors associated with the current level accept the forecast data and decrements the current level when at least one of the contributors associated with the current level rejects the forecast data; and
means for generating an electronic enterprise planning report based on the reconciled target data and forecast data. - View Dependent Claims (17)
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Specification