Method and System for Enhanced Transaction Management

• US 20110231222A1
• Filed: 03/19/2010
• Published: 09/22/2011
• Est. Priority Date: 03/19/2010
• Status: Abandoned Application

• Current Assignee: Bank of America Corp.
• Original Assignee: Bank of America Corp.
• Inventors: Shibli, Amar, Lukic, Christopher Thomas, Shah, Tanvi Rishin, Sharma, Pawan Kumar
• Application Number:
  US12/727,538
• Publication Number:
  US 20110231222A1
• Time in Patent Office: Days
• US Class Current: 705/7.29
• CPC Class Codes: G06Q 10/00 Administration; Management
• CPC Class Codes: G06Q 30/0201 Market modelling; Market analysis; Collecting market data
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

An integrated transaction module associated with an entity allows for consolidating and using information related to management of transactions. The integrated transaction system incorporates a transaction viewer for displaying information such as the companies involved in the transaction, level of interest shown by potential clients in hiring the entity to manage the transaction, whether or not the companies involved in the transaction present any conflict-of-interest for the transaction management company, and any attachments that may be relevant to the transaction. In addition, the integrated transaction system incorporates a transaction team conflicts checker to determine whether or not any of the team members involved in the transaction pose a conflict-of-interest and a best client analyzer for determining which of several potential clients offer the most benefits to the transaction management organization.

Claims

1. A computer-assisted method comprising:

(i) receiving a selection for creating a new transaction;

(ii) using a processor of a computer, creating the new transaction involving a plurality of entities and a plurality of team members, wherein the new transaction is assigned a transaction identifier;

(iii) storing the new transaction into a nonvolatile memory of the computer;

(iv) using the processor of the computer, determining whether any of the plurality of entities is a first conflict-of-interest by analyzing a relationship with the plurality of entities; and

(v) using the processor of the computer, determining whether any of the plurality of team members is a second conflict-of-interest by analyzing involvement of the plurality of team members with the plurality of entities.

2. The computer-assisted method of claim 1, further comprising:

linking the new transaction to a transaction in other systems.

3. The computer-assisted method of claim 1, further comprising:

using the processor of the computer, determining which one of the plurality of entities is a best client by running a best client analysis and comparing a transaction fee offered by each of the plurality of entities.

4. The computer-assisted method of claim 1, further comprising:

displaying the new transaction on a display of the computer, the display including a transaction header section, a companies section, a transaction team section, an attachments section, a transaction information section, a pipeline section, and a general comments section.

5. The computer-assisted method of claim 4, wherein the transaction header section comprises a transaction identifier, a plurality of corresponding identifiers of the new transaction in other systems, a transaction status, a record status, a job role, and a geographic region that corresponds to the new transaction.

6. The computer-assisted method of claim 5, wherein the transaction status is chosen from the group consisting of:

verbal mandate, written mandate, committed, pitch, active, commence of marketing, completed, dead, postponed, and prospecting.

7. The computer-assisted method of claim 5, wherein the record status is chosen from the group consisting of:

pending, conditionally cleared, conflict cleared, not cleared, and not applicable.

8. The computer-assisted method of claim 5, wherein the job role is chosen from the group consisting of:

financial advisor, agent, arranger, co-advisor, and undefined.

9. The computer-assisted method of claim 4, wherein the transaction information section comprises an engagement letter status, a transaction announcement date, a transaction close date, a transaction size, and a transaction fee.

10. The computer-assisted method of claim 4, wherein the pipeline section comprises links to the new transaction referenced in additional systems.

11. The computer-assisted method of claim 1, further comprising:

displaying information related to both the plurality of entities and subsidiaries of the plurality of entities.

12. The computer-assisted method of claim 11, wherein the information related to the plurality of entities and subsidiaries of the plurality of entities is received in real-time from a news feed provider.

13. The computer-assisted method of claim 12, wherein the information comprises a name of the plurality of entities, countries in which the plurality of entities does business, acquisitions by the plurality of entities, stock price changes for each of the plurality of entities, financial status of the plurality of entities, corporate filings of the plurality of entities, balance sheets of the plurality of entities, owner of each of the plurality of entities, corporate structure of the plurality of entities, and legal structure of the plurality of entities.

14. The method of claim 1, further comprising:

displaying a name of each of the plurality of team members along with a designation of whether or not each of the plurality of team members has cleared conflicts.

15. An apparatus comprising:

a user interface configured to receive user inputs about a plurality of transactions within a computer system, wherein each of the plurality of transactions includes a plurality of team members and a plurality of entities;

a communication module configured to communicate transaction information with other computer systems; and

a processor configured to create new transactions, run a conflicts checker algorithm, run a transaction team conflicts algorithm, and run a best client algorithm.

16. The apparatus of claim 15, wherein the conflicts checker algorithm checks for conflicts-of-interest to determine whether one or more of the plurality of entities is a conflict-of-interest by analyzing a relationship with the plurality of entities.

17. The apparatus of claim 15, wherein the transaction team conflicts algorithm determines whether one or more of the plurality of team members is a conflict-of-interest by analyzing involvement of the plurality of team members with the plurality of entities.

18. The apparatus of claim 15, wherein the transaction team conflicts algorithm comprises predetermined rules for red flagging the plurality of team members when a conflict-of-interest is discovered.

19. The apparatus of claim 15, wherein the best client algorithm is used to determine which one of the plurality of entities is a best client in terms of a transaction fee associated with each of the plurality of clients and upon consideration of a strategic relationship with the plurality of entities.

20. A computer-readable storage medium having computer-executable program instructions stored thereon that when executed by a processor, cause the processor to perform steps comprising:

(i) receiving a selection for creating a new transaction;

(ii) creating the new transaction involving a plurality of entities and a plurality of team members, wherein the new transaction is assigned a transaction identifier;

(iii) running a conflict-of-interest check to determine whether one or more of the plurality of entities is a first conflict-of-interest by analyzing a relationship with the plurality of entities; and

(iv) running a transaction team conflict-of-interest check to determine whether one or more of the plurality of team members is a second conflict-of-interest analyzing involvement of the plurality of team members with the plurality of entities.