IP Library › Granted Patent US 11,461,723
Granted Patent B2
US 11,461,723 · App. 16/524,981 · Granted Oct 4, 2022

Cloud-based, data-driven artificial intelligence and machine learning financial planning and analysis visualization platform

Inventor: Varun Balan (Denver, CO)
G06Q10/06375G06Q40/125G06F3/04847
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Quick Facts
Patent No.
US 11,461,723
App. No.
16/524,981
Filed
Jul 29, 2019
Granted
Oct 4, 2022
Kind
B2
Art Unit
3683
USPC
705/7.37
Abstract

A system for generating financial projections for a business entity and providing a graphical visualization of the financial projections on a display is disclosed herein. The system receives as an input actual financial data of said business entity. The system sorts said actual financial data into predefined categories. The system uploads the sorted actual financial data into a database. The system generates projected financial data comprising projected income, projected balance sheet, and variance between said actual financial data and said projected financial data using a plurality of predefined algorithms in conjunction with inputted user selectable variable parameter values. The system generates graphical visualizations of said actual and projected data. The system transmits the graphical visualizations for display in an interactive manner. The projected financial data visualizations are modified in dependence on a user changing one or more of said selectable variable parameter values.

Claims (21)

1. A system for generating financial projections for a business entity and providing a graphical visualization of the financial projections on a display, comprising:

a processor; and

a memory having programming instructions stored thereon, which, when executed by the processor performs one or more operations comprising:

generating a prediction model by:

training a support vector machine to predict future financial performance of a company based on a training data set comprising historical financial data of a plurality of companies across a plurality of geographies and a plurality of industries,

grading a performance of the support vector machine based on an output generated from the training data set,

retraining the support vector machine based on the grading to improve the performance of the prediction model, and

outputting the prediction model based on the training and the retraining;

receiving, as an input, financial documents comprising actual financial data of said business entity;

classifying, by a deep learning processor, each financial document of the financial documents into a document type;

based on the classified document type, extracting, by a natural language processor, a subset of the actual financial data from the financial documents;

sorting the subset of the actual financial data into predefined categories,

uploading the sorted actual financial data into a database,

generating, via the prediction model, projected financial data by inputting the sorted actual financial data into the support vector machine, wherein the support vector machine is trained to generate the projected financial data by correlating data related to at least past financial performance, industry trends, and market conditions, the projected financial data comprising projected statement of income, projected balance sheet, projected statement of cash flows and variance between said actual financial data and said projected financial data using a plurality of predefined algorithms in conjunction with inputted user selectable variable parameter values, and

generating graphical visualizations of said actual and projected data; and

transmitting the graphical visualizations for display in an interactive manner, wherein said projected financial data visualizations are modified in dependence on a user changing one or more of said selectable variable parameter values.

2. The system of claim 1 , wherein the one or more operations further comprises:

generating a classification engine configured to classify the financial documents by:

compiling a plurality of training documents, wherein the plurality of training documents comprise a plurality of document types;

training the deep learning processor to classify each of the plurality of training documents according to document type; and

outputting the classification engine based on the training.

Assignments (1)
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Sep 21, 2022
From: BALAN, VARUN
To: ROCKY MOUNTAIN INNOVATIONS INSIGHTS LLC
Reel/Frame 061159/0138 →
Continuity (2)
Provisional Application 62711120 · Jul 27, 2018
Related Publication 20200034772A1 · Jan 30, 2020
Cited By (7)
US 12,314,294 US 12,361,220 US 12,406,084 US 12,524,809 US 12,536,209 US 12,572,551 US 12,639,757