US 6,983,263 B1 | ||
Electronic boardroom | ||
Lisa A. Demko, Stamford, Conn. (US); Denis J. Nayden, Wilton, Conn. (US); William H. Cary, Darien, Conn. (US); James A. Colica, Greenwich, Conn. (US); Frank S. Brokaw, Greenwich, Conn. (US); Gareth J. Davies, Redding, Conn. (US); and Christopher P. Perreta, New York, N.Y. (US) | ||
Assigned to General Electric Capital Corporation, Stamford, Conn. (US) | ||
Filed on Nov. 10, 2000, as Appl. No. 9/710,056. | ||
Int. Cl. G06F 17/60 (2006.01) |
U.S. Cl. 705—80 | 22 Claims |
1. A method for increasing efficiency of multi-level review of proposed business deals using an organizational management
tool, the tool configured with a database of deals and a plurality of authorized reviewers for the deals, said method comprising
the steps of:
a) creating a proposed deal by a user at a business unit included within a business entity including enabling a business unit
to utilize a computer system to upload at least one business dashboard to the database, and populating the at least one business
dashboard with information relating to the proposed deal, the proposed deal includes at least one of a detailed description
of the proposed deal, a deal pitch, information supporting the proposed deal, and a cover letter, the proposed deal further
includes a maximum approver associated with the business entity wherein the user selects the maximum approver based on at
least one of approval limitations and deal type;
b) utilizing the computer system to transmit the proposed deal to a coordinator associated with the business entity;
c) enabling the coordinator to analyze the proposed deal including reviewing submitted documents for completeness, validating
the information supporting the proposed deal, assigning a risk manager to the proposed deal, and selecting a list of reviewers
for the proposed deal;
d) providing a calendar tool configured to schedule at least one meeting among the selected reviewers to discuss the proposed
deal;
e) utilizing the computer system to transmit the proposed deal from the coordinator to the risk manager;
f) receiving a review summary from the risk manager including a recommendation as to whether to approve the proposed deal;
g) forwarding the proposed deal including the risk manager's recommendation to a next review level within the business entity;
h) analyzing the proposed deal including the risk manager's recommendation and appending a cover memo regarding the proposed
deal; and
i) repeating steps g) and h) until the next review level is the maximum approver wherein the maximum approver is then enabled
to accept or decline the proposed deal.
|