Workflow management system and method
First Claim
1. A computerized method of workflow management for a trustee handling a plurality of securitization transactions comprising the steps of:
- recording deal setup information in an electronic database including information related to the structure of each of the securitizations;
recording workflow status information for each of the securitizations in the electronic database;
periodically receiving asset level data transmitted by at least one asset manager;
aggregating the asset level data;
transmitting the aggregated asset level data electronically to a workflow management software module;
providing an active deals display generated by the workflow management software module, based at least in part on the aggregated asset level data, the recorded deal setup information and the recorded workflow status information, which display provides access to workflow status information for particular securitizations, provides prompts for a user as to work which is to be done with respect thereto, and permits the user to initiate actions required for performance of the trustee'"'"'s duties; and
updating the recorded workflow status information for the securitizations based on work performed with respect thereto.
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Accused Products
Abstract
A computerized workflow management method and system to provide operational support for complex multi-step processes is disclosed. The method of workflow management involves creating an underlying database structure for recording the processing steps and other information required for each transaction, entering the necessary setup information by selection from lists of pre-stored information about processing functions, associated workflow events and milestones for the queues, mapping the data structures of the subsystem databases and the workflow management database to provide transparent interfacing and convenient manual entry of data were necessary, displaying for the user the workflow status of all transactions for which he or she is responsible, permitting menu driven initiation of required actions and automatically updating the database records for the universe of deals being managed by the system.
294 Citations
131 Claims
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1. A computerized method of workflow management for a trustee handling a plurality of securitization transactions comprising the steps of:
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recording deal setup information in an electronic database including information related to the structure of each of the securitizations; recording workflow status information for each of the securitizations in the electronic database; periodically receiving asset level data transmitted by at least one asset manager; aggregating the asset level data; transmitting the aggregated asset level data electronically to a workflow management software module; providing an active deals display generated by the workflow management software module, based at least in part on the aggregated asset level data, the recorded deal setup information and the recorded workflow status information, which display provides access to workflow status information for particular securitizations, provides prompts for a user as to work which is to be done with respect thereto, and permits the user to initiate actions required for performance of the trustee'"'"'s duties; and updating the recorded workflow status information for the securitizations based on work performed with respect thereto. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 73, 74, 75, 76, 77, 78, 79, 80, 81, 82, 83, 84, 85, 86, 87, 88, 89, 90, 91, 92, 93, 94, 95, 96, 97, 98, 99, 100, 101, 102, 103, 104, 105, 106, 107, 108, 109, 110, 111, 112, 113, 114, 115, 116, 117, 118, 119, 120, 121, 122)
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123. A workflow management system for a trustee handling a plurality of securitizations comprising:
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at least one processor in communication with one or more of the following components; an electronic deal setup database which stores deal setup information, including information related to the structure of the securitizations; a first data processing software module which receives asset level data transmitted by at least one asset manager and aggregates the asset level data; a workflow management software module; an first interface which receives the aggregated asset level data from the first data processing software module, and transmits the data electronically to the workflow management software module; a computer display generated under control of the workflow management software module, which displays status information concerning a particular securitization, provides prompts to a user as to work which is to be done with respect thereto, and which includes at least one active element from which the user may initiate actions with respect to the work; a second data processing software module which receives the aggregated asset level data, and responds to commands from the workflow management software module to perform computations related to payments due investors in the securitization; a second interface; and a third data processing software module which receives payment data produced by the second data processing software module through the second interface, and responds to commands from the workflow management software module to processes payments to the investors based on the payment data. - View Dependent Claims (124, 125, 126, 127, 128, 129, 130, 131)
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Specification