Cash Position Visualization via Interactive GUI
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Solution Overview
Problem
Current online banking systems lack the ability to provide businesses with a simple and understandable visualization of their cash positions and the ability to predict future monetary positions based on past and current transactions, which is particularly challenging for small business owners.
Innovation Solution
A system and method for financial planning that includes a graphical user interface (GUI) with selectable user interface elements to display actual and planned cash positions, allowing users to view net amount information, graphs, and historical data, enabling businesses to manage their cash flow effectively.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If traditional online banking interfaces are used, then basic transaction functionality is provided, but businesses cannot easily visualize or understand their cash positions
Solution Approach 1:
The patent creates visual copies of cash position data through graphs and charts that replicate financial information in an easily understandable format. The system generates graphical representations of cash inflow, cash outflow, and net cash position that mirror the underlying financial data while presenting it in a visually intuitive manner that traditional tabular interfaces cannot provide.
Solution Approach 2:
The patent transforms one-dimensional numerical cash position data into two-dimensional visual representations through graphs and charts. By plotting cash inflows, outflows, and net positions across time dimensions, the system adds visual depth and spatial organization to financial data, making trends and positions immediately apparent without requiring complex numerical analysis.
2Reliability
If detailed financial data is provided in traditional formats, then complete information is available, but it becomes difficult to predict future monetary positions
Solution Approach 1:
The patent performs preliminary analysis of historical and current cash flow patterns to generate forward-looking projections. The system calculates anticipated cash positions by analyzing past transactions, identifying trends, and projecting future cash inflows and outflows. This preliminary computational action enables businesses to see potential future cash positions before they occur, supporting proactive financial planning.
Solution Approach 2:
The patent implements feedback mechanisms that compare actual cash positions against projected predictions, allowing the system to learn from discrepancies and improve future forecasts. The visual interface presents both historical actuals and forward projections, enabling users to understand the relationship between past performance and future expectations, thereby enhancing the reliability of predictive capabilities.
3Loss of information
If comprehensive cash flow data is displayed, then complete financial picture is provided, but the interface becomes complex and hard to understand
Solution Approach 1:
The patent segments comprehensive cash flow information into distinct visual components including cash inflow graphs, cash outflow graphs, and net cash position charts. Each segment represents a specific aspect of financial data, allowing users to understand the whole financial picture by synthesizing multiple simplified visual elements rather than overwhelming them with a single complex data presentation.
Data Source
AI summary
Systems and methods are disclosed for financial planning based on actual cash positions for financial accounts associated with an entity and planned cash out and cash in amounts for the entity. In an embodiment, a system comprises a processor configured to render an interactive graphical user interface (“GUI”) on a display device. The GUI has a plurality of selectable, actionable user interface elements such as tabs. In an embodiment, the GUI comprises a first tab selectable to display actual and planned net amount information of a cash position and actual and planned net amount graphs, the net amount information being cash out amounts subtracted from cash in amounts. The GUI comprises a second tab operable to display actual and planned cash in amount information and actual and cash in amount graphs. In an embodiment, the GUI comprises a third tab operable to display actual and planned cash out amount information and actual and planned cash out amount graphs.