Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Operations research or analysis
Reexamination Certificate
2011-03-15
2011-03-15
Boswell, Beth V (Department: 3623)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Operations research or analysis
C705S014270
Reexamination Certificate
active
07908160
ABSTRACT:
Business Processes handle business transactions. The life cycle of a transaction is controlled by state of the process and events. Events represent information exchange between systems. The states determine when the exchange should take place.Key issues are to identify whether a transaction is anomalous and if so, determining the trace to the root causeTo detect anomalies, current approaches evaluate transaction data statistically. To validate whether the transaction is indeed anomalous requires significant storage, processing power and human resources.The new approach audits events as they happen against the business process definition. Events that do not follow the right sequences and conditions of the process definition are identified to be anomalous. The generated audit trail traces the root cause of the transaction anomaly.Businesses can now protect or re-engineer their strategic business processes using audit trail traces.
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Boswell Beth V
Clark & Brody
Decision-Zone Inc.
Feacher Renae
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