Unified Ledger Account Mapping for Real-Time Balance Updates
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Solution Overview
Problem
Current ledgering platforms provide unnecessary business capabilities, leading to performance limitations, scalability issues, and maintenance challenges due to extensive reference data and close of business processing, which hinders their primary functionality.
Innovation Solution
A unified ledger system that decouples irrelevant business functionality, externalizes configurations, and maintains minimal data elements, allowing seamless account updates and transactions without disrupting processes, while ensuring historical balance integrity and real-time data availability.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Adaptability or versatility
If current ledgering platforms provide extensive business capabilities including statement functionality, reference data, and close of business processing, then business functionality is comprehensive, but performance is slowed and scalability is limited
Solution Approach 1:
The patent segments the ledger system into distinct functional modules: a unified ledger core that handles only essential transaction recording and balance management, and separate external systems that handle statement generation, reference data management, and close of business processing. This segmentation allows the core ledger to operate at high performance while other functions are distributed to specialized systems.
Solution Approach 2:
The patent extracts non-essential business capabilities from the core ledger system. Statement functionality, extensive reference data, and close of business processing are removed from the ledger and placed in external systems. This extraction eliminates overhead that was slowing down the ledger's primary functionality while preserving comprehensive business capabilities in the external systems.
2Adaptability or versatility
If different ledgers provide different capabilities and functionality, then business requirements are met, but maintenance and development become challenging
Solution Approach 1:
The patent implements a universal unified ledger that can serve multiple different business requirements through configuration rather than through different specialized ledger systems. The unified ledger maintains a standard core functionality that can be adapted to various business needs through external configurations and integrations, eliminating the need to maintain multiple different ledger codebases.
Solution Approach 2:
Instead of creating different ledgers for different capabilities, the patent inverts the approach by creating one standard ledger and providing different capabilities through external systems and configurations. This inversion simplifies maintenance by standardizing the core ledger while accommodating diversity at the application layer.
3Ease of operation
If account numbers are directly stored in the unified ledger, then account identification is straightforward, but account updates require ledger modifications disrupting processes
Solution Approach 1:
The patent introduces an intermediary mapping table that stores the relationship between account numbers and the unified ledger's internal identifiers. This mapping table acts as a buffer that allows account number changes in external systems without requiring modifications to the unified ledger itself. The mapping table absorbs the changes while the ledger remains stable, preventing process disruptions.
4Adaptability or versatility
If extensive reference data is maintained in the ledger, then business capabilities are supported, but system complexity and overhead increase
Solution Approach 1:
The patent extracts extensive reference data from the core ledger system and places it in external systems. The unified ledger maintains only the minimal data elements necessary for its core function of recording transactions and maintaining balances. Reference data is accessed from external sources when needed, reducing ledger complexity and overhead while preserving full business capability support.
Data Source
AI summary
A method may include: a unified account service receiving an account creation request and creating an account with an account number; the unified account service mapping the account number to a unique identifier; the unified account service streaming the unique identifier and account data to a unified ledger; the unified ledger creating a unified ledger account that does not identify the account number for the unique identifier and setting an account balance for the unified ledger account for booking periods; a unified postings service receiving a transaction with a transaction booking period for the account; the unified postings service identifying the unique identifier for the account using the mapping; the unified postings service routing the transaction and the unique identifier to the unified ledger, and the unified ledger to updating the account balance for the unified ledger account for the booking period specified by the transaction booking period.