SYSTEM AND METHOD FOR AUTOMATIC FINANCIAL PROJECT MANAGEMENT
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Abstract
A system and method for providing project management tools to support construction, renovations, maintenance and other projects. The system automates the creation, processing and approval cycles of the numerous documents involved with each project. The system provides standardized work processes through processing templates. The system provides automated control and management of the process. The system allows project initiation and funding approval by clients throughout the corporation via a desktop browser coupled to a corporate Intranet. A software application embodying the present invention and its underlying technology are appropriate for a paper intensive area. It reduces the approval cycle of projects. It automates the creation, processing and approval cycle of documents by routing documents electronically for on-line approval.
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Citations
89 Claims
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1-67. -67. (canceled)
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68. A construction payment management system comprising:
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a server that stores an application, the application receiving information from a participant in a construction project; and
a database server connected to the server, the database server storing the information of the participant, the application accessing the information of the participant in order to transfer to the participant a payment associated with the construction project. - View Dependent Claims (69, 70, 71, 72, 73, 74, 75, 76, 77, 78, 79, 80)
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81. A method of managing a construction payment process implemented by a computer, the method comprising:
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receiving by an application an invoice and a lien waiver from a participant in a construction project;
approving the invoice; and
transferring monetary funds to the participant. - View Dependent Claims (82, 83, 84, 85, 86, 87, 88)
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89. A construction payment management system comprising:
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a server that stores an application, the application receiving information from a participant in a construction project, wherein the information is encrypted during transmission;
an inbox allowing timely communication of messages and documents to the participant;
a web server, wherein the participant accesses the construction project through the web server; and
a database server connected to the server, the database server storing the information of the participant, the application accessing the information of the participant in order to transfer to the participant a payment associated with the construction project, wherein the construction project is associated with a document collection and the document collection is maintained in the database server, wherein the document collection has a plurality of documents, each of the plurality of documents in the document collection being associated with a respective electronic notebook, the documents in the document collection being electronic documents, each electronic notebook including associated categories, for each electronic notebook the categories provided including;
a comment category that includes general notes;
a status category that includes a status of the construction project ; and
a published notes category, the method including publishing notes in the published notes category to a team working on the construction project.
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Specification