Continuously updated data processing system and method for measuring and reporting on value creation performance that supports real-time benchmarking

• US 7,386,466 B2
• Filed: 06/17/2002
• Issued: 06/10/2008
• Est. Priority Date: 05/17/2000
• Status: Expired due to Term

• Current Assignee: TVC International Incorporated
• Original Assignee: TVC International Incorporated
• Inventors: McLean, Robert I. G., Anderson, Rodney J.
• Primary Examiner(s): Jeanty; Romain
• Application Number:
  US10/173,904
• Publication Number:
  US 20020184067A1
• Time in Patent Office: 2,185 Days
• Field of Search: 705/7, 705/10
• US Class Current: 705/7.39
• CPC Class Codes: G06Q 10/0637 Strategic management or analysis, e.g. setting a goal or target of an organisation; Planning actions based on goals; Analysis or evaluation of effectiveness of goals
• CPC Class Codes: G06Q 10/06375 Prediction of business process outcome or impact based on a proposed change
• CPC Class Codes: G06Q 10/0639 Performance analysis of employees; Performance analysis of enterprise or organisation operations
• CPC Class Codes: G06Q 10/06393 Score-carding, benchmarking or key performance indicator [KPI] analysis
• CPC Class Codes: G06Q 30/0205 Location or geographical consideration
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03

Abstract

The invention affords a data processing system and method for assessing the performance of a business enterprise in creating and realizing value. More particularly, the invention affords a data processing system and method that supports the provision of real-time benchmarking through a network of benchmarking service providers.

Claims

1. A system for providing real-time benchmarking information relating to the performance of a business enterprise, comprising:

a memory device for storing a data structure including a plurality of first assumed variables that have an influence on a non-financial value stream of the business enterprise and including a plurality of second assumed variables that have an influence on a financial value stream of the business enterprise;

a calculation engine for determining a first outcome of the non-financial value stream of the business enterprise based upon events characterized by the first assumed variables, the first outcome influencing at least one of the second assumed variables and for determining a first present value of the financial value stream of the business enterprise based upon the first outcome and based upon the second assumed variables, wherein the calculation engine repeatedly determines a series of updated outcomes of the non-financial value stream of the business enterprise and a series of updated present values of the financial value stream of the business enterprise based upon any assumed variables in the data structure including any assumed variables that have changed in response to the occurrence or non-occurrence of one or more events;

an outcome display module for selecting outcome display reporting parameters for generating reports from information stored in the memory device, the outcome display reporting parameters being associated with certain ones of the first and second assumed variables stored in the memory device;

a filter coupled with the calculation engine for selecting those certain ones of the first and second assumed variables from the memory device to be delivered to the calculation engine; and

a benchmarking module for providing benchmarking information in real-time relating to the comparable performance of a particular business enterprise with other business enterprises.

2. The system according to claim 1, wherein present and future events are characterized by the first and second assumed variables.

3. The system of claim 1, wherein the benchmarking information is provided in real-time and is continuously updated based upon any assumed variables in the data structure being changed in response to the occurrence or non-occurrence of one or more events.

4. The system of claim 1, wherein the benchmarking information relates to value creation performance.

5. The system of claim 1, wherein the benchmarking information relates to value realization performance.

6. The system of claim 1, wherein the benchmarking information is continuously pooled and updated and wherein the response to the request includes providing relevant benchmarking information from the continuously pooled information.