Multi-Vendor Risk Information Portal for Automated Data Exchange

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Solution Overview

Problem

Existing systems face challenges in efficiently and accurately managing multi-vendor risk relationships, particularly in updating and analyzing electronic records, which is time-consuming and prone to errors, and lack effective integration for data exchange and communication between multiple vendors and enterprises.

Innovation Solution

An information sharing portal computer server facilitates the exchange of information through a multi-vendor risk relationship data store, processing requests via a customized interface, executing algorithms based on attribute values, and aggregating data for efficient communication and analysis across multiple vendor platforms.

Engineering Contradictions & Design Principles

VSEngineering Contradiction Analysis

1Ease of operation

If manual updating of electronic records is used, then flexibility in data entry is maintained, but time consumption and error rates increase significantly

Engineering Contradiction:

Improveflexibility in data entryVSAvoidtime consumption

Core Design Contradiction:

Ease of operationVSLoss of time

Solution Approach 1:

The system enables self-service through automated data exchange between the enterprise and multiple vendors. The information sharing portal automatically receives, validates, and processes data from vendors without requiring manual intervention, thereby reducing time consumption while maintaining operational flexibility through configurable exchange protocols

Inventive Principle:

Principle #25Self-service

Solution Approach 2:

The patent replaces manual mechanical data entry processes with an automated electronic information sharing portal that uses standardized data exchange protocols. This substitution eliminates manual updating operations while maintaining flexibility through configurable interface parameters and validation rules

Inventive Principle:

Principle #28Mechanics substitution (Replace mechanical system)

2Adaptability or versatility

If manual communication with multiple vendors is used, then direct control over each vendor is maintained, but system integration and data aggregation capabilities are limited

Engineering Contradiction:

Improvedirect control over vendorsVSAvoidsystem integration

Core Design Contradiction:

Adaptability or versatilityVSDevice complexity

Solution Approach 1:

The information sharing portal provides universal functionality by serving as a single integrated interface for communicating with multiple vendors simultaneously. The portal handles diverse vendor data exchange requirements through a unified platform, enabling both direct control and comprehensive system integration through standardized protocols

Inventive Principle:

Principle #6Universality (Multi-functionality)

Solution Approach 2:

The portal acts as an intermediary layer between the enterprise and multiple vendors, providing standardized data exchange protocols while maintaining direct control capabilities. This intermediary structure enables system integration by abstracting vendor-specific complexities through a unified interface

Inventive Principle:

Principle #24Intermediary (Mediator)

3Reliability

If electronic records are manually updated, then data accuracy can be controlled manually, but the overall accuracy decreases due to human error and repetition

Engineering Contradiction:

Improvemanual data accuracy controlVSAvoiddata accuracy

Core Design Contradiction:

ReliabilityVSMeasurement precision

Solution Approach 1:

The system implements feedback mechanisms through automated validation protocols that verify data accuracy upon receipt from vendors. The portal provides real-time feedback on data quality, validation status, and exchange errors, thereby maintaining high measurement precision while reducing human error through automated verification processes

Inventive Principle:

Principle #23Feedback

Data Source

PatentUS20250307946A1Information sharing portal associated with multi-vendor risk relationships

Publication Date: 2025.10.02 HARTFORD FIRE INSURANCE CO

AI summary

A multi-vendor risk relationship data store may contain electronic records representing a plurality of risk relationships between multiple vendors and an enterprise and, for each risk relationship, an electronic record identifier and a set of attribute values. An information sharing portal computer server may exchange an information request with a remote vendor platform. The information request may be, for example, associated with an employee of a sponsor associated with the vendor platform. The server may process the information request via a customized vendor-specific information sharing portal interface display and execute an algorithm to adjust, based on at least one attribute value, interactions with the vendor platform via the portal interface display. The server may also aggregate information associated with a plurality of vendor platforms and transmit the aggregated information to a remote administrator device associated with the enterprise.