Enterprise risk assessment manager system
View Patent ↗A risk assessment manager is an intranet-based software system that provides enterprise-wide automated risk assessment and portfolio management to help companies reduce bad debt, decrease operational expenses, and increase cash flow. System features include integrating business information associated with unique business identifiers and displaying data in multiple languages and currency.
1. A system for assessing risk, comprising:
a processor; and
a medium that contains instructions that when read by said processor, cause said processor to provide functions of:
(a) a user interface to receive requests and customer account information to be stored in a portfolio in a first database;
(b) a data integration component that matches a company in said portfolio to a DUNS number, and provides access to at least a second database;
(c) a corporate linkage component that, based on said DUNS number, links said company to a related company in a family tree; and
(d) a risk assessment manager that:
provides application functions, services and portfolio analysis based on said requests;
accesses said second database, via said data integration component, to obtain information about said related company; and
determines a total investment in accounts receivable for said company and said related company, days sales outstanding for said company and said related company, and a total risk exposure based on said portfolio.
2. The system according to claim 1 , wherein said risk assessment manager comprises:
a scoring component that provides a risk score based on said portfolio.
3. The system according to claim 1 , wherein said risk assessment manager comprises:
a transfer component to import and export data to and from said first database.
4. The system of claim 1 ,
wherein said information about said related company includes financial data presented in a first currency,
wherein said medium also contains instructions that cause said processor to perform a function of a currency converter that converts said financial data presented in said first currency into financial data presented in a second currency, and wherein said risk assessment manager determines said total investment in accounts receivable in terms of said second currency.