Methods and systems for analyzing the status of an entity and its financial transactions

• US 7,937,305 B1
• Filed: 04/27/2007
• Issued: 05/03/2011
• Est. Priority Date: 12/28/2001
• Status: Active Grant

• Current Assignee: The PNC Financial Services Group, Inc.
• Original Assignee: The PNC Financial Services Group, Inc.
• Inventors: Lego, Michael J., Bengtson, Katina, Kallet, Katherine
• Primary Examiner(s): Cobanoglu; Dilek B
• Application Number:
  US11/796,371
• Time in Patent Office: 1,467 Days
• Field of Search: 705/35, 705/45, 705/27, 705/40, 705/78, 705/36.R, 705/38, 370/467
• US Class Current: 705/35
• 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
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

Methods and systems are provided for processing the financial information of a client of a financial institution. One method embodiment includes receiving data from an overdraft data source including at least one overdraft occurrence associated with a transaction performed in association with the client; analyzing the overdraft occurrence in an overdraft application to determine a cause and disposition of the overdraft occurrence in connection with the cause of the overdraft occurrence; and, communicating an overdraft report associated with the analyzing step to a manager associated with the client. Additional system and computer-readable medium embodiments of the present methods are also provided. In another aspect of the present methods and systems, historical overdraft issues are analyzed and reported to the management of a financial institution. System and computer-readable medium embodiments of these analysis and reporting methods are also provided.

Claims

1. A computer-assisted method for analyzing financial information of a client of a financial institution, said method comprising:

electronically receiving data from an overdraft data source into a report database including an electronic data storage medium, said report database including information related to at least one overdraft occurrence related to said client;

electronically analyzing said overdraft occurrence information, wherein said analyzing includes comparing said overdraft occurrence information to at least one criterion;

generating a response based on said comparison, wherein said response is stored in a chronic report database including an electronic data storage medium operatively associated with said report database;

receiving an external report in said report database in connection with generating said response;

associating an overdraft representative with said response, wherein said overdraft representative is responsible for reviewing, researching and documenting circumstances regarding said overdraft occurrence with an electronic application server;

electronically notifying a manager responsible for said client associated with said overdraft occurrence by transmitting said response to said manager with an electronic mail server, and,

generating a chronic response memo based at least in part on the external report, wherein the external report comprises

(i) multiple overdraft occurrences occurring within a predetermined time period, and

(ii) overdraft occurrences over a predetermined dollar amount associated with the multiple overdraft occurrences.

2. The method of claim 1, wherein said criterion includes a time period associated with at least one of said overdraft occurrences.

3. The method of claim 2, wherein said time period is selected from the group consisting of a number of days, a number of months, a number of quarters, and a year.

4. The method of claim 1, wherein said criterion further includes a dollar amount associated with said overdraft occurrence.

5. The method of claim 1, wherein said external report includes data selected from the group consisting of at least one overdraft occurrence over a dollar amount predefined by the financial institution, a predefined number of consecutive days in overdraft condition, and a daily accumulation of overdraft occurrences.

6. The method of claim 1, wherein said response includes an overdraft occurrence history of said client.

7. The method of claim 1, further comprising displaying more than one of said responses in a summary report.

8. The method of claim 7, further comprising sorting said summary report by a characteristic selected from the group consisting of active chronics, segment, account manager, relationship manager, treasury manager, market/cost center, reason, status, obligor, and oversight representative.

9. The method of claim 1, wherein said generating further comprises documenting one or more reasons for at least one of said overdraft occurrences in said response.

10. The method of claim 1, further comprising facilitating selection of at least one approval authority by the overdraft representative for approval of said overdraft occurrence.

11. A system for processing financial information of a client of a financial institution, said system comprising:

an overdraft application programmed for receiving data from an overdraft data source, said overdraft application being stored in an electronic data storage medium, said data including at least one overdraft occurrence associated with a transaction performed in association with said client, said overdraft application further programmed for;

analyzing at least one said overdraft occurrence wherein said analyzing includes comparing said overdraft occurrence information to at least one criterion;

associating an overdraft representative with said response, wherein said overdraft representative is responsible for reviewing, researching and documenting circumstances regarding said overdraft occurrence with an electronic application server; and

,

notifying a manager responsible for said client associated with said overdraft occurrence by transmitting said response to said manager with an electronic mail server;

receiving an external report in said report database in connection with generating said response;

generating a chronic response memo based at least in part on the external report, wherein the external report comprises

(i) multiple overdraft occurrences occurring within a predetermined time period, and

(ii) overdraft occurrences over a predetermined dollar amount associated with the multiple overdraft occurrences, and

an electronic server connection for generating a response associated with said analysis of said overdraft occurrence.

12. The system of claim 11, further comprising at least one report database operatively associated with said overdraft application for generating said response.

13. The system of claim 11, further comprising said overdraft application being configured for facilitating selection of at least one approval authority by the overdraft representative for approval of said overdraft occurrence.

14. A computer-readable medium containing instructions for assisting a computer system to perform a method for analyzing financial information of a client of a financial institution, said method comprising:

receiving data in a report database from an overdraft data source associated with an electronic computing device, said report database including an electronic data storage medium including information related to at least one overdraft occurrence related to said client;

analyzing said overdraft occurrence information with an overdraft application stored in an electronic data storage medium, wherein said analyzing includes comparing said overdraft occurrence information to at least one criterion;

generating a response based on said comparison, wherein said response is stored in a chronic report database including an electronic data storage medium operatively associated with said report database;

receiving an external report in said report database in connection with generating said response;

associating an overdraft representative with said response, wherein said overdraft representative is responsible for reviewing, researching and documenting circumstances regarding said overdraft occurrence with an electronic application server;

notifying a manager responsible for said client associated with said overdraft occurrence by transmitting said response to said manager with an electronic mail server, and,

generating a chronic response memo based at least in part on the external report, wherein the external report comprises

(i) multiple overdraft occurrences occurring within a predetermined time period, and

(ii) overdraft occurrences over a predetermined dollar amount associated with the multiple overdraft occurrences.

15. The medium of claim 14, wherein said criterion includes a time period associated with at least one of said overdraft occurrences.

16. The medium of claim 15, wherein said time period is selected from the group consisting of a number of days, a number of months, a number of quarters, and a year.

17. The medium of claim 14, wherein said criterion further includes a dollar amount associated with said overdraft occurrence.

18. The medium of claim 14, wherein said external report includes data selected from the group consisting of at least one overdraft occurrence over a dollar amount predefined by the financial institution, a predefined number of consecutive days in overdraft condition, and a daily accumulation of overdraft occurrences.

19. The medium of claim 14, wherein said response includes an overdraft occurrence history of said client.

20. The medium of claim 14, further comprising displaying more than one of said responses in a summary report.

21. The medium of claim 20, further comprising sorting said summary report by a characteristic selected from the group consisting of active chronics, segment, account manager, relationship manager, treasury manager, market/cost center, reason, status, obligor, and oversight representative.

22. The medium of claim 14, wherein said generating further comprises documenting one or more reasons for at least one of said overdraft occurrences in said response.

23. The medium of claim 14, wherein the method further comprises facilitating selection of at least one approval authority by the overdraft representative for approval of said overdraft occurrence.

24. A computer-assisted method for analyzing financial information of a client of a financial institution, said method comprising:

receiving data from an overdraft data source into a report database from an electronic computing device in communication with the report database, said report database including an electronic data storage medium including information related to at least one overdraft occurrence related to said client;

analyzing said overdraft occurrence information with an overdraft application stored in an electronic data storage medium, wherein said analyzing includes comparing said overdraft occurrence information to at least one criterion;

generating a response based on said comparison, wherein said response is stored in a chronic report database including an electronic data storage medium operatively associated with said report database;

receiving an external report in said report database in connection with generating said response;

associating an overdraft representative with said response, wherein said overdraft representative is responsible for reviewing, researching and documenting circumstances regarding said overdraft occurrence with an electronic application server;

entering a disposition code for the overdraft occurrence;

notifying a manager responsible for said client associated with said overdraft occurrence by transmitting said response to said manager with an electronic mail server; and

,

generating a chronic response memo based at least in part on the external report, wherein the external report comprises

(i) multiple overdraft occurrences occurring within a predetermined time period, and

(ii) overdraft occurrences over a predetermined dollar amount associated with the multiple overdraft occurrences.

25. The method of claim 24, wherein said disposition code is associated with a default action to be taken in the event the manager does not respond to said notification.

26. The method of claim 24, wherein said criterion includes a time period associated with at least one of said overdraft occurrences.

27. The method of claim 24, wherein said criterion further includes a dollar amount associated with said overdraft occurrence.

28. The method of claim 24, wherein said external report includes data selected from the group consisting of at least one overdraft occurrence over a dollar amount predefined by the financial institution, a predefined number of consecutive days in overdraft condition, and a daily accumulation of overdraft occurrences.

29. The method of claim 24, wherein said response includes an overdraft occurrence history of said client.

30. The method of claim 24, further comprising displaying more than one of said responses in a summary report.

31. The method of claim 30, further comprising sorting said summary report by a characteristic selected from the group consisting of active chronics, segment, account manager, relationship manager, treasury manager, market/cost center, reason, status, obligor, and oversight representative.

32. The method of claim 24, wherein said generating further comprises documenting one or more reasons for at least one of said overdraft occurrences in said response.

33. A system for processing financial information of a client of a financial institution, said system comprising:

an overdraft application programmed for receiving data from an overdraft data source, said overdraft application stored in an electronic data storage medium, said data including at least one overdraft occurrence associated with a transaction performed in association with said client, said overdraft application programmed for;

analyzing at least one said overdraft occurrence wherein said analyzing includes comparing said overdraft occurrence information to at least one criterion;

wherein said criterion includes a time period associated with at least one of said overdraft occurrences, wherein said time period is selected from the group consisting of a number of days, a number of months, a number of quarters, and a year, and wherein said criterion further includes a dollar amount associated with said overdraft occurrence;

receiving an external report in said report database in connection with generating said response;

associating an overdraft representative with said response, wherein said overdraft representative is responsible for reviewing, researching and documenting circumstances regarding said overdraft occurrence with an electronic application server; and

,

notifying a manager responsible for said client associated with said overdraft occurrence by transmitting said response to said manager with an electronic mail server;

generating a chronic response memo based at least in part on the external report, wherein the external report comprises

(i) multiple overdraft occurrences occurring within a predetermined time period, and

(ii) overdraft occurrences over a predetermined dollar amount associated with the multiple overdraft occurrences, and

an electronic server connection programmed for generating a response associated with said analysis of said overdraft occurrence.