WORKFLOW MANAGEMENT SYSTEM AND METHOD
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0 Petitions
Accused Products
Abstract
A computerized workflow management method and system to provide operational support for complex multi-step processes, having particular utility in supporting operations involving securitizations for which periodic valuation and distribution computations, disbursements and reporting must be set up and executed. The invention permits unification of manual operations and operations performed by legacy software, even if implemented with database structures different from the workflow management system, automated quality control, workflow status display and automatic updating of workflow status records. The method of workflow management involves creating an underlying database structure for recording the processing steps and other information required for each transaction, entering the necessary setup information by selection from lists of pre-stored information about processing functions, associated workflow events and milestones for the queues, mapping the data structures of the subsystem databases and the workflow management database to provide transparent interfacing and convenient manual entry of data were necessary, displaying for the user the workflow status of all transactions for which he or she is responsible, permitting menu driven initiation of required actions and automatically updating the database records for the universe of deals being managed by the system.
125 Citations
158 Claims
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1-112. -112. (canceled)
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113. A computerized method of workflow management for concurrently handling a plurality of complex multiple step projects, the method comprising the following steps, all under control of workflow management software:
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creating in a database, a project setup record which uniquely characterizes each project;
recording workflow status information for the projects in a database;
providing access for a user to a computer generated workflow status display generated at least in part from the project setup information records and the workflow status information, which display permits access to workflow status for selected projects, provides prompts for the user as to work which is to be done with respect thereto, and permits the user to initiate actions; and
automatically updating the workflow status record in the database whenever there is a change in the status of a project resulting from action initiated by the user. - View Dependent Claims (114, 115, 118, 119, 120, 121, 122, 123, 124, 125, 126, 127, 128, 129, 130, 131, 132, 133, 134, 135)
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116. (canceled)
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117. (canceled)
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136-152. -152. (canceled)
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153. A workflow management system for handling a plurality of complex multiple step projects comprising:
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an electronic workflow management database which stores project setup information, including organizational information concerning the projects, and the sequence of workflow required to execute the project;
a first data processing module which receives raw data required to execute the project from at least one outside source, and processes the raw data;
a workflow management software module;
a first interface which receives the processed raw data from the first data processing software module, and transmits the data electronically to the workflow management software module;
a computer display generated by the workflow management software module, which displays work flow status information concerning the projects, provides prompts to a user as to work which is to be done with respect thereto, and which includes at least one active element from which the user may initiate actions with respect to the work;
a second data processing software module which receives the processed raw data, and responds to commands from the workflow management software module to perform computations using the processed raw data;
a second interface; and
a third data processing software module which receives data through the second interface, and responds to commands from the workflow management software module to processes the received data. - View Dependent Claims (154, 155, 156, 157, 158)
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Specification