Unified Financial Data Aggregation via Intermediary Integration Layer
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Solution Overview
Problem
Conventional banking financial systems lack integration with enterprise financial management systems, making it difficult for operators to manage finances and execute financial decisions across disparate systems without manual updating, resulting in a lack of unified views and synchronization.
Innovation Solution
A computerized financial management system that aggregates banking and transaction-related information from primary and secondary databases, providing unified views and allowing operators to execute financial decisions through a user interface, with automatic updating capabilities using APIs or screen scraping techniques, enabling real-time or near-real-time data coordination.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If conventional banking systems and enterprise financial management systems operate independently, then each system can maintain its own operational simplicity and independence, but integration between systems is poor and manual updating is required
Solution Approach 1:
The patent introduces an intermediary integration layer that mediates between banking systems and enterprise financial management systems. This intermediary component handles data exchange and synchronization automatically, resolving the contradiction by providing reliable data synchronization without requiring complex direct integration between the independent systems.
Solution Approach 2:
The system is segmented into independent components (banking system, enterprise financial management system, and integration layer) that can operate autonomously while maintaining controlled interactions. This segmentation allows each system to maintain operational simplicity while achieving reliable integration through the standardized interface provided by the integration layer.
2Adaptability or versatility
If multiple disparate financial systems are used, then functional versatility is improved, but unified views of financial information cannot be obtained
Solution Approach 1:
The integration layer provides universal data aggregation capabilities that work across multiple disparate financial systems. It creates a unified view of financial information by universally interfacing with different banking systems and enterprise financial management systems, enabling adaptability while preventing information loss through centralized data consolidation.
3Device complexity
If manual updating of systems is required, then system complexity is reduced, but productivity and time efficiency deteriorate
Solution Approach 1:
The integration layer implements self-service automated data synchronization that continuously updates financial information across systems without manual intervention. This eliminates the need for manual updating while maintaining manageable system complexity through automated processes that improve productivity and financial management efficiency.
Solution Approach 2:
The system implements feedback mechanisms where changes in one system automatically trigger updates in connected systems. This feedback loop ensures data consistency across disparate systems without manual intervention, resolving the contradiction by improving productivity through automation while keeping system complexity manageable through standardized feedback protocols.
Data Source
AI summary
Systems and methods for integrated computerized financial management are presented. Financial information from disparate systems is made available to an operator through a user interface that presents a unified view of financial information from such disparate systems and enables the operator to make and execute upon financial decisions. The operator utilizes an operator computing platform to access the financial information, and may be directly or indirectly connected with one or more databases containing financial information through various networking modalities configured to operate together in the unified presentation schema. Portable computing devices and reduced content variations of user interfaces may be utilized to enhance accessibility.