Automated Corporate Action Processing System
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Solution Overview
Problem
Conventional systems for managing corporate actions in financial institutions rely on manual processes for reporting, monitoring, and workflow management, which are inefficient and fail to automate critical activities effectively.
Innovation Solution
A system and method for managing corporate action information that includes receiving data, matching it with clients, generating notifications, and performing workflow management activities, utilizing a server and software modules to automate the processing and distribution of corporate action data.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If manual processes are used for reporting, monitoring, and workflow management of corporate actions, then personnel can handle complex decision-making and client-specific requirements, but the process is inefficient and time-consuming
Solution Approach 1:
The system enables automated self-service processing of corporate actions through workflow management that automatically monitors events, matches them to clients, generates notifications, and tracks responses without requiring manual intervention for each step, thereby improving productivity while reducing time loss
Solution Approach 2:
The patent replaces manual mechanical processes with an automated computer-based system that uses software modules to perform data reception, client matching, notification generation, and workflow tracking, eliminating the need for personnel to manually monitor and report corporate actions
2Extent of automation
If conventional manual systems are used for corporate action management, then system complexity is low, but automation and efficiency are insufficient
Solution Approach 1:
The automated system is divided into distinct functional modules: a data reception module for receiving corporate action information, a matching module for matching actions to clients, a notification module for generating notifications, and a workflow management module for tracking processes. This segmentation enables high automation while managing complexity through modular design
Solution Approach 2:
The system employs universal software modules that can handle multiple types of corporate actions (stock splits, mergers, acquisitions, spin-offs, tender offers, etc.) through a single integrated platform, achieving extensive automation without proportionally increasing system complexity
3Reliability
If manual calendar docketing is used for tracking critical deadlines and deliverables, then flexibility in handling unique cases is maintained, but productivity and accuracy are reduced
Solution Approach 1:
The workflow management module implements automated feedback mechanisms that continuously monitor corporate action processes, track deadlines and deliverables, and provide alerts when actions are approaching due dates or require attention, ensuring reliable and accurate deadline tracking while improving productivity through automated reminders and status updates
Data Source
AI summary
In a financial institution, a method is provided for managing corporate action information of at least one entity. The method includes receiving data associated with at least one corporate action of at least one of the entities; matching at least a portion of the corporate action data to at least one client of the financial institution; generating at least one notification including at least a portion of the corporate action data; and, performing at least one workflow management activity in connection with generating the notification including the corporate action data. System and computer-readable media embodiments are also provided in association with various embodiments of the present methods.