SYSTEM AND METHOD FOR OBLIGATION MANAGEMENT
First Claim
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1. An obligation management system, comprising:
- a database storage system including at least one contract, wherein the contract includes a plurality of obligations; and
a data processing system operatively coupled to the database storage systems, the data processing system is configured to;
extract the plurality of obligations associated with the contract from the database storage system;
define relationships between the plurality of obligations;
compute the relationships; and
trigger actions based on the computation.
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Abstract
A system and methods for managing obligations. The system includes a database storage system including at least one contract, wherein a contract including a plurality of obligations. A data processing system, operatively coupled to the database storage system, manages the contracts and the obligations. The data processing system is configured to extract the plurality of obligations associated with the contract, and define relationships between these obligations. Upon computation of the defined relationships, the data processing system triggers corresponding actions, resulting in obligation compliance.
15 Citations
20 Claims
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1. An obligation management system, comprising:
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a database storage system including at least one contract, wherein the contract includes a plurality of obligations; and a data processing system operatively coupled to the database storage systems, the data processing system is configured to; extract the plurality of obligations associated with the contract from the database storage system; define relationships between the plurality of obligations; compute the relationships; and trigger actions based on the computation. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A system for automatically managing obligations, the system comprising:
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a database storage system including a set of contracts, wherein each contract includes a plurality of obligations; and a data processing system operatively coupled to the database storage systems, the data processing system is configured to; extract the set of contracts, the corresponding obligations, and associated metadata; assemble the contracts and the corresponding obligations in a hierarchical structure, based on the associated metadata; assign a set of parameters to each contract and obligation from the set of contracts and the obligations; define relationships between the contracts and the plurality of obligations using the set of parameters; compute the relationships, wherein a relationship is computed once the value of at least one parameter from the set of parameters changes; and trigger actions based on the computation, actions being based on the current values of the set of parameters associated with the contracts and the plurality of obligations. - View Dependent Claims (15, 16, 17, 18)
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19. A method for automating obligation compliance management, the method comprising:
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receiving a set of contracts, corresponding plurality of obligations, and associated metadata; assembling the contracts and the plurality of obligations in a hierarchical structure, using the associated metadata; assigning a set of parameters to each contract and obligation from the set of contracts and the plurality of obligations; defining relationships between the contracts and the plurality of obligations, using the set of parameters; computing the relationships, based on a determination that the value of at least one parameter from the set of parameter is modified; and triggering actions based on the computations, actions being based on the current values of the set of parameters. - View Dependent Claims (20)
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Specification