Other revenue implementation for financial processing in a...

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance

Reexamination Certificate

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Details

Type

Reexamination Certificate

Status

active

Patent number

07349874

Description

ABSTRACT:
A financial processing system that accesses account, event and organization attributes from a relational database management database, wherein: (1) the account attributes comprise data about accounts being measured, (2) the event attributes comprise data about account-related transactions, and (3) the organization attributes comprise data about the organization's financial status. Profitability calculations are performed using the account, event and organization attributes accessed from the relational database management system, as well as one or more profit factors and one or more rules. The profitability calculations include the following:Profit=Net Interest Revenue (NIR)+Other Revenue (OR)−Direct Expense (DE)−Indirect Expense (IE)−Risk Provision (RP)In this calculation, Other Revenue (OR) comprises: (1) revenue that can be associated with an account, (2) revenue that can be associated with a person, and (3) revenue that is not specifically associated with an account or person.

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