Methods and systems for transaction compliance monitoring

Abstract

An automated transaction integrity monitoring system (100) operative to monitor electronic transactions of an enterprise and detect exceptions indicating noncompliance with enterprise policies. An extractor (140) obtains data from heterogeneous data sources such as enterprise databases. A staging database (155) caches data from the data sources. A mapper (150) maps enterprise data into an enterprise ontology used to express enterprise policies. A knowledge base (165) stores computer-executable policy statements, extractor data, and mapper data. A monitoring database (175) stores data mapped in the enterprise ontology. A collaborative reasoning engine (CORE) (160) executes policy statements against the monitoring database and determines exceptions. An exceptions database (185) stores exceptions from CORE. A case management system (190) provides for analysis and tracking of exceptions.

Description

CROSS-REFERENCE TO RELATED APPLICATION [0001] This application claims the benefit of and priority on U.S. Patent Application No. 60 / 554,784, filed Mar. 19, 2004, entitled “METHODS AND SYSTEMS FOR CONTINUOUS MONITORING OF TRANSACTION DATA FLOWS” by Peter H. Kennis, Stayton D. Addison, Charles A. Coombs, Andrew T. Otwell, and Daniel R. Kuokka, the disclosure of which is hereby incorporated herein by reference in its entirety.FIELD OF THE INVENTION [0002] The present invention relates generally to compliance monitoring of electronic enterprise transactions, and more particularly relates to transaction-level integrity monitoring of electronic data transactions within enterprise computing systems for enterprise policy compliance monitoring, anomaly detection, risk assessment, fraud deterrence, and investigation. BACKGROUND [0003] The growth of automated business systems, such as enterprise resource planning (ERP) and customer relationship management (CRM) applications, continues to prope...

AI Technical Summary

Benefits of technology

[0015] Briefly described, the present invention provides an automated electronic transaction integrity monitoring system that allows establishment, codification, and maintenance of enterprise policies, monitors electronic transactions of the enterprise from various and possibly heterogeneous data sources, detects exceptions to established policies, reports such exceptions to authorized users such as managers and auditors, and provides a case management system for tracking such exceptions and their underlying transactions. The disclosed system reduces the cost of compliance with regulatory, contractual, and business process compliance, including ongoing Sarbanes-Oxley compliance, by continuously monitoring key controls including that required for Section 404 certifi

Problems solved by technology

First, such transaction monitoring establishes a business environment t

Images