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

• US 8,660,886 B1
• Filed: 06/04/2008
• Issued: 02/25/2014
• Est. Priority Date: 05/17/2000
• Status: Active Grant

• Current Assignee: Chartered Professional Accountants of Canada
• Original Assignee: Chartered Professional Accountants of Canada
• Inventors: McLean, Robert I.G., Anderson, Rodney J.
• Primary Examiner(s): Jeanty, Romain
• Application Number:
  US12/133,313
• Time in Patent Office: 2,092 Days
• Field of Search: 705/7.39
• 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 computer implemented method for providing real-time benchmarking information relating to the performance of a business enterprise, comprising:

developing and storing in a memory device a data structure including information related to the performance of a business enterprise;

initiating a request, to a computer implemented benchmarking system, for benchmarking information including one or more benchmarking service providers, each of the benchmarking service providers having one or more associated clients, the benchmarking service providers relaying the request for benchmarking information to their clients, wherein the initiating step further comprises initiating a request for benchmarking information to a first benchmarking service provider, and relaying that request to the one or more additional benchmarking service providers in the benchmarking network;

responding, by the computer implemented benchmarking system, to the request for benchmarking information by providing relevant benchmarking information to the associated benchmarking service providers;

aggregating, by the computer implemented benchmarking system, the received benchmarking information to yield composite benchmark information relating to the performance of the business entity, wherein the aggregating step further comprises firstly aggregating by each of the associated benchmarking service providers the relevant benchmarking information from each of the responding client systems, providing the aggregated benchmarking information to the first benchmarking service provider, and secondly aggregating the aggregated benchmarking information with the relevant benchmarking information provided to the first benchmarking service provider from its client systems; and

wherein for each notified client, the responding step further comprises searching for relevant benchmarking information from associated data structures and providing the relevant benchmarking information to the associated benchmarking service providers.

2. The method of claim 1, wherein the data structure includes information relating to the value creation performance of a business enterprise.

3. The method of claim 1, wherein the data structure includes information relating to a value realization performance of a business enterprise.

4. The method of claim 1, wherein the data structure includes information relating to the performance of a business enterprise as measured by generally accepted alternative performance reporting formats.

5. The method of claim 1, wherein the data structure includes a plurality of future and past events and related assumptions.

6. The method of claim 5, wherein the benchmarking request is repeatedly generated based on the occurrence of one or more events.

7. The method of claim 1, further comprising providing a composite benchmarking information to a requesting client system.

8. The method of claim 1, wherein the benchmarking information relates to value creation performance.

9. The method of claim 1, wherein the benchmarking information relates to value realization performance.

10. The method 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.