Automated Compliance Management of Endowments Throughout Their Life Cycle

• US 20080281738A1
• Filed: 05/07/2007
• Published: 11/13/2008
• Est. Priority Date: 05/07/2007
• Status: Abandoned Application

• Current Assignee: Michael & Susan Dell Foundation (Michael Saul Dell,)
• Original Assignee: Michael & Susan Dell Foundation (Michael Saul Dell,)
• Inventors: Byrne, Kevin, Christopher, Ian, Turner, Michelle
• Application Number:
  US11/744,935
• Publication Number:
  US 20080281738A1
• Time in Patent Office: Days
• US Class Current: 705/35
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes

Abstract

A method, system and program are disclosed for the automated enforcement of compliance controls for a plurality of endowments throughout their lifecycles, comprised of life cycle phases that include: requisition, qualification, authorization, provision, obligation, termination, and end of life. Compliance controls for endowment objectives, constraints, resources, and results is similarly enforced. An on-line request is made for an endowment, which is automatically transitioned from one life cycle phase to another once predetermined compliance control metrics have been enforced and met. Transition through each of the endowment'"'"'s life cycle phases is further controlled by the automated enforcement of predetermined compliance control metrics for endowment objectives, constraints, resources, and results.

Claims

1. A computer-implementable method for automated compliance management of an endowment, comprising:

generating a compliance control metric;

enforcing compliance with the compliance control metric for an endowment throughout a life cycle of the endowment, the life cycle comprising a plurality of life cycle phases.

2. The method of claim 1, wherein

the life cycle phases comprise receiving an endowment requisition for an endowment in an electronic format, the endowment requisition comprising endowment requisition data;

the method further comprising

enabling enforcement of compliance of the endowment requisition data with the compliance control metric.

3. The method of claim 1, wherein

the life cycle phases comprise qualifying a received endowment requisition with endowment qualification criteria, the endowment qualification criteria being bounded by an endowment constraint, an endowment objective, the endowment objective being further bounded by the endowment constraint;

and the method further comprising

enabling enforcement of compliance of the endowment qualification criteria with the compliance control metric.

4. The method of claim 1, wherein

the life cycle phases comprise authorizing a qualified endowment requisition, the authorizing of the qualified endowment requisition being bounded by an endowment constraint;

and the method further comprises

enabling enforcement of compliance of the qualified endowment requisition with the compliance control metric.

5. The method of claim 1, wherein

the life cycle phases comprise provisioning an authorized endowment requisition, the provisioning of the authorized endowment requisition being bounded by an endowment constraint and the plurality of endowment resources, the plurality of endowment resources being further bounded by the endowment constraint;

the endowment resources are operable to be provisioned and are available for provision; and

the method further comprises

enabling enforcement of compliance of the endowment constraint with the compliance control metric.

6. The method of claim 1, wherein

the life cycle phases comprise obligating a provisioned endowment, the obligating a provisioned endowment being bounded by endowment resources, the endowment resources being operable to be obligated and available for obligation;

and an endowment result, the endowment result being bounded by the plurality of endowment resources and comprising endowment result criteria configurable to be managed for compliance; and

the method further comprises

enabling enforcement of compliance of the endowment resources and the endowment result with the compliance control metric.

7. The method of claim 1, wherein

the life cycle phases comprise terminating an obligated endowment, the terminating an obligated endowment being bounded by completion of the endowment result, the endowment result being further bounded by the plurality of endowment resources;

and the method further comprises

enabling enforcement of compliance of the endowment result with the compliance control metric.

8. An automated endowment compliance management system comprising:

a processor;

a data bus coupled to the processor; and

a computer-usable medium embodying computer program code, the computer-usable medium being coupled to the data bus, the computer program code interacting with a plurality of computer operations and comprising instructions executable by the processor and configured for;

generating a compliance control metric;

enforcing compliance with the compliance control metric for an endowment throughout a life cycle of the endowment, the life cycle comprising a plurality of life cycle phases.

9. The automated endowment compliance management system of claim 8, wherein

the life cycle phases comprise receiving an endowment requisition for an endowment in an electronic format, the endowment requisition comprising endowment requisition data;

the method further comprising

enabling enforcement of compliance of the endowment requisition data with the compliance control metric.

10. The automated endowment compliance management system of claim 8, wherein

the life cycle phases comprise qualifying a received endowment requisition with endowment qualification criteria, the endowment qualification criteria being bounded by an endowment constraint, an endowment objective, the endowment objective being further bounded by the endowment constraint;

and the method further comprising

enabling enforcement of compliance of the endowment qualification criteria with the compliance control metric.

11. The automated endowment compliance management system of claim 8, wherein

the life cycle phases comprise authorizing a qualified endowment requisition, the authorizing of the qualified endowment requisition being bounded by an endowment constraint;

and the method further comprises

enabling enforcement of compliance of the qualified endowment requisition with the compliance control metric.

12. The automated endowment compliance management system of claim 8, wherein

the life cycle phases comprise provisioning an authorized endowment requisition, the provisioning of the authorized endowment requisition being bounded by an endowment constraint and the plurality of endowment resources, the plurality of endowment resources being further bounded by the endowment constraint;

the endowment resources are operable to be provisioned and are available for provision; and

the method further comprises

enabling enforcement of compliance of the endowment constraint with the compliance control metric.

13. The automated endowment compliance management system of claim 8, wherein

the life cycle phases comprise obligating a provisioned endowment, the obligating a provisioned endowment being bounded by endowment resources, the endowment resources being operable to be obligated and available for obligation;

and an endowment result, the endowment result being bounded by the plurality of endowment resources and comprising endowment result criteria configurable to be managed for compliance; and

the method further comprises

enabling enforcement of compliance of the endowment resources and the endowment result with the compliance control metric.

14. The automated endowment compliance management system of claim 8, wherein

the life cycle phases comprise terminating an obligated endowment, the terminating an obligated endowment being bounded by completion of the endowment result, the endowment result being further bounded by the plurality of endowment resources;

and the method further comprises

enabling enforcement of compliance of the endowment result with the compliance control metric.

15. A computer-usable medium embodying computer program code, the computer program code comprising computer executable instructions configured for:

generating a compliance control metric;

enforcing compliance with the compliance control metric for an endowment throughout a life cycle of the endowment, the life cycle comprising a plurality of life cycle phases.

16. The computer program code of claim 15, wherein

the life cycle phases comprise receiving an endowment requisition for an endowment in an electronic format, the endowment requisition comprising endowment requisition data;

the method further comprising

enabling enforcement of compliance of the endowment requisition data with the compliance control metric.

17. The computer program code of claim 15, wherein

the life cycle phases comprise qualifying a received endowment requisition with endowment qualification criteria, the endowment qualification criteria being bounded by an endowment constraint, an endowment objective, the endowment objective being further bounded by the endowment constraint;

and the method further comprising

enabling enforcement of compliance of the endowment qualification criteria with the compliance control metric.

18. The computer program code of claim 15, wherein

the life cycle phases comprise authorizing a qualified endowment requisition, the authorizing of the qualified endowment requisition being bounded by an endowment constraint;

and the method further comprises

enabling enforcement of compliance of the qualified endowment requisition with the compliance control metric.

19. The computer program code of claim 15, wherein

the life cycle phases comprise provisioning an authorized endowment requisition, the provisioning of the authorized endowment requisition being bounded by an endowment constraint and the plurality of endowment resources, the plurality of endowment resources being further bounded by the endowment constraint;

the endowment resources are operable to be provisioned and are available for provision; and

the method further comprises

enabling enforcement of compliance of the endowment constraint with the compliance control metric.

20. The computer program code of claim 15, wherein

the life cycle phases comprise obligating a provisioned endowment, the obligating a provisioned endowment being bounded by endowment resources, the endowment resources being operable to be obligated and available for obligation;

and an endowment result, the endowment result being bounded by the plurality of endowment resources and comprising endowment result criteria configurable to be managed for compliance; and

the method further comprises

enabling enforcement of compliance of the endowment resources and the endowment result with the compliance control metric.

21. The computer program code of claim 15, wherein

the life cycle phases comprise terminating an obligated endowment, the terminating an obligated endowment being bounded by completion of the endowment result, the endowment result being further bounded by the plurality of endowment resources;

and the method further comprises

enabling enforcement of compliance of the endowment result with the compliance control metric.