Financial Monitoring and Forecasting Systems and Methods

• US 20170161652A1
• Filed: 12/08/2016
• Published: 06/08/2017
• Est. Priority Date: 12/08/2015
• Status: Abandoned Application

• Current Assignee: Formula Technologies, Inc.
• Original Assignee: Formula Technologies, Inc.
• Inventors: Porth, Art, McMackin, David, McMackin, Michael
• Application Number:
  US15/373,170
• Publication Number:
  US 20170161652A1
• Time in Patent Office: Days
• CPC Class Codes: G06F 3/0481 based on specific properties of the displayed interaction object or a metaphor-based environment, e.g. interaction with desktop elements like windows or icons, or assisted by a cursor's changing behaviour or appearance
• CPC Class Codes: G06F 3/0482 Interaction with lists of selectable items, e.g. menus
• CPC Class Codes: G06Q 10/04 Forecasting or optimisation specially adapted for administrative or management purposes, e.g. linear programming or "cutting stock problem" market predictions or forecasting for commercial activities G06Q30/0202
• CPC Class Codes: G06Q 10/087 Inventory or stock management, e.g. order filling, procurement or balancing against orders
• CPC Class Codes: G06Q 10/1053 Employment or hiring
• CPC Class Codes: G06Q 30/0201 Market modelling; Market analysis; Collecting market data
• CPC Class Codes: G06Q 30/0204 Market segmentation
• CPC Class Codes: G06Q 30/0283 Price estimation or determination
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: H04L 51/08 Annexed information, e.g. attachments
• CPC Class Codes: H04W 4/14 Short messaging services, e.g. short message services [SMS] or unstructured supplementary service data [USSD]

Abstract

A system that provides real-time financial valuation information for entities that process financial transactions across multiple currencies, the system comprising a centralized server that receives transaction data from one or more business locations and external data sources (e.g., stock market data, etc.) wherein, in response to the receipt of the multiple sources of data, the centralized server generates and provides to end users through a graphical user interface at least one user option for viewing real-time, aggregated, modified data regarding the financial transactions across multiple currencies.

Claims

1. A system that provides real-time financial valuation information for entities that process financial transactions across multiple currencies, the system comprising:

a central processing device that receives transaction data from one or more business location processing devices, the transaction data including quantitative measurements of the financial value of transactions processed by each business location processing device, including at least the value received and any tax liabilities associated with the value received;

the central processing device further receiving transaction value modifying data from one or more external data processing devices, the transaction value modifying data including at least one of currency exchange rate data and regional tax liability data;

wherein, in response to the receipt of the transaction data and the transaction value modifying data, the central processing device generates modified transaction data comprising the transaction data modified by the transaction value modifying data, the modified transaction data accessible through a graphical user interface provided through an end user processing device, the graphical user interface providing at least one user option for viewing real-time, aggregated, modified transaction data derived from transaction data comprising two or more currencies.

2. The system of claim 1 wherein the transaction value modifying data includes one or more currency value modifiers derived from geopolitical events.

3. The system of claim 1 wherein the transaction value modifying data includes one or more currency value modifiers derived from stock market data.

4. The system of claim 1 wherein the transaction value modifying data includes one or more currency value modifiers derived from aggregated, anonymized data derived from operational data from a plurality of businesses.

5. The system of claim 1 wherein at least one business location processing device is a physical revenue recording device.

6. The system of claim 1 wherein at least one business location processing device is an online payment system.

7. The system of claim 1 wherein the modified transaction data includes at least one assessment of the current gross worth of the monetary assets of a company.

8. The system of claim 1 wherein the modified transaction data includes at least one assessment of the current gross worth of the inventory of a company.

9. The system of claim 1 wherein the modified transaction data includes at least one assessment of the current net worth of the monetary assets of a company.

10. The system of claim 1 wherein the modified transaction data includes at least one assessment of the fees owed related to the monetary assets of a company.

11. The system of claim 1 wherein the modified transaction data includes at least one assessment of the refunds owed related to the monetary assets of a company.

12. The system of claim 1 wherein the graphical user interface is displayed in a web browser.

13. The system of claim 1 wherein the end user processing device is a mobile computing device.

14. The system of claim 1 wherein the system generates an alert message based off the modified transaction data placing the system into a state of alarm.

15. The system of claim 14 wherein an alert message generated is an SMS message.

16. The system of claim 14 wherein an alert message generated is an email.

17. The system of claim 14 wherein an alert message generated is an automated telephonic message.

18. The system of claim 14 wherein an alert message generated is machine readable and communicated via an electronic data interface.

19. A system that provides real-time financial valuation information for entities that process financial transactions across multiple currencies, the system comprising:

an end user processing device providing a graphical user interface, the graphical user interface providing at least one user option for viewing real-time, aggregated, modified transaction data derived from transaction data comprising two or more currencies;

wherein the transaction data is received by a central processing device that receives the transaction data from one or more business location processing devices, the transaction data including quantitative measurements of the financial value of transactions processed by each business location processing device, including at least the value received and any tax liabilities associated with the value received;

wherein the central processing device further receiving transaction value modifying data from one or more external data processing devices, the transaction value modifying data including at least one of currency exchange rate data and regional tax liability data;

wherein, in response to the receipt of the transaction data and the transaction value modifying data, the central processing device generates the modified transaction data comprising the transaction data modified by the transaction value modifying data.

20. The system of claim 19 wherein:

the transaction value modifying data includes data derived from geopolitical events, data derived from stock market data, or data derived from aggregated, anonymized operational data from a plurality of businesses;

the transaction value modifying data features at least one assessment of the current gross worth of the monetary assets of a company, at least one assessment of the current net worth of the monetary assets of a company, at least one assessment of the fees owed related to the monetary assets of a company, at least one assessment of the taxes owed related to the monetary assets of a company, or at least one assessment of the refunds owed related to the monetary assets of a company; and

the system generates an alert message based off the transaction value modifying data placing the system into a state of alarm, wherein the alert message is an SMS message, is an email, is an automated telephonic message, or is machine readable and communicated via an electronic data interface.