Target driven spending reduction plan
US8438091B1 · kind B1 · utility
Assignee
Inventor
Key dates
| Filing date | Apr 30, 2009 |
| Grant date | May 7, 2013 |
| Priority date | — |
| Expiry date | Oct 25, 2030 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/00
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method for generating a spending reduction plan, includes obtaining a savings target that has a target amount and a target schedule, analyzing, using a processor of a computer system, a spending history for a plurality of spending categories to generate a historical spending pattern comprising a plurality of spending variances corresponding to the plurality of spending categories, identifying a first spending category of the plurality of spending categories by comparing the plurality of spending variances based on a pre-determined criterion, analyzing, using a processor of a computer system, a first historical savings pattern for the first spending category to determine a first reduction percentage, and generating the spending reduction plan based on the savings target, the first spending category, a first spending variance corresponding to the first spending category, and the first reduction percentage.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.