INTEGRATION OF FINANCIAL MODELS INTO WORKFLOW SOFTWARE TO ENABLE ACTIVITY BASED COSTING
First Claim
1. A method for analyzing a workflow comprising:
- designing a workflow;
designing activity-based cost distributions;
generating a unified workflow and financial model using said workflow and said activity-based cost distributions;
executing said unified workflow and financial model to generate workflow and cost data;
processing said workflow and cost data in a workflow monitoring and controlling application; and
processing said cost data in a financial monitoring and controlling application.
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Abstract
A system and method for integrating financial models into workflow software to enable Activity Based Costing. In one embodiment of the invention, a workflow modeling system comprises a workflow modeling tool including a workflow design tool and an activity-based cost design tool. A unified workflow and financial model is generated by the workflow modeling tool and a workflow execution module executes the unified workflow and financial model. A workflow monitoring and controlling application receives workflow and cost data from the workflow execution module and a financial monitoring and controlling application receives cost data from the workflow execution module. A workflow change module communicates workflow changes to the unified workflow and financial model, wherein the unified workflow and financial model is automatically modified in response to the workflow changes.
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Citations
20 Claims
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1. A method for analyzing a workflow comprising:
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designing a workflow; designing activity-based cost distributions; generating a unified workflow and financial model using said workflow and said activity-based cost distributions; executing said unified workflow and financial model to generate workflow and cost data; processing said workflow and cost data in a workflow monitoring and controlling application; and processing said cost data in a financial monitoring and controlling application. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A method of integrating a financial model into a workflow model comprising:
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using a single tool for designing a workflow and for designing activity-based cost distributions; using said workflow and said activity-based cost distributions to generate a unified workflow and financial model; using said unified workflow and financial model to generate workflow and cost data; and processing said workflow and cost data in a workflow monitoring and controlling application. - View Dependent Claims (13, 14)
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15. A workflow modeling system comprising:
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workflow modeling tool including a workflow design tool and an activity-based cost design tool; a unified workflow and financial model generated by said workflow modeling tool; a workflow execution module executing said unified workflow and financial model; workflow monitoring and controlling application receiving workflow and cost data from said workflow execution module; and financial monitoring and controlling application receiving cost data from said workflow execution module. - View Dependent Claims (16, 17)
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18. A computer program product comprising a computer usable medium having a computer readable program, wherein said computer readable program when executed on a computer causes said computer to:
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design a workflow; design activity-based cost distributions; generate a unified workflow and financial model using said workflow and said activity-based cost distributions; execute said unified workflow and financial model to generate workflow and cost data; process said workflow and cost data in a workflow monitoring and controlling application; and process said cost data in a financial monitoring and controlling application. - View Dependent Claims (19, 20)
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Specification