CENTRALIZED BUDGET APPROVAL SYSTEM AND METHOD

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CENTRALIZED BUDGET APPROVAL SYSTEM AND METHOD - A simplified explanation of the abstract

This abstract first appeared for US patent application 17756479 titled 'CENTRALIZED BUDGET APPROVAL SYSTEM AND METHOD

Simplified Explanation

The method described in the patent application involves creating a graphical user interface for a centralized budget approval system. It allows a person-in-charge to log in, access master data, determine a region, create departmental budget applications, and obtain information on each application.

The method involves creating a user interface with a user input field for a person-in-charge to log in to a centralized budget approval system.
Upon successful login, master data associated with the person-in-charge is obtained from a computer-readable medium.
The system determines the region associated with the person-in-charge based on the master data.
The person-in-charge can then request to create a departmental budget application for the determined region.
The system calculates the department budget associated with the departmental budget application.
Information on each departmental budget application is obtained.

Key Features and Innovation

Creation of a user interface for a centralized budget approval system.
Accessing master data associated with the person-in-charge.
Determining the region based on the master data.
Creating departmental budget applications for the determined region.
Obtaining information on each departmental budget application.

Potential Applications

This technology can be applied in various industries where departmental budget approvals are required, such as finance, government, and healthcare.

Problems Solved

This technology streamlines the process of creating departmental budget applications and provides a centralized system for budget approvals, reducing manual work and increasing efficiency.

Benefits

Improved accuracy in budget applications.
Faster approval process.
Centralized system for budget management.
Enhanced data security.

Commercial Applications

Title: Centralized Budget Approval System for Efficient Departmental Budget Management This technology can be used by organizations of all sizes to streamline their budget approval processes, improve financial management, and enhance overall efficiency in budget planning.

Prior Art

Further research can be conducted in the field of centralized budget approval systems and user interface design for budget management applications.

Frequently Updated Research

Stay updated on advancements in user interface design, budget management software, and data security measures to enhance the efficiency and security of the system.

Questions about Centralized Budget Approval System

How does this technology improve the budget approval process?

This technology improves the budget approval process by providing a centralized system for creating departmental budget applications and streamlining the approval workflow.

What are the potential applications of this technology beyond budget management?

This technology can be applied in various industries where departmental budget approvals are required, such as finance, government, and healthcare, to streamline approval processes and improve financial management.

Original Abstract Submitted

A method executed by processing circuitry includes causing a first graphical user interface (GUI) to be output by a first user interface (UI) includes a first user input field configured to receive a first user input identifying a person-in-charge (PIC) to log in to a centralized budget approval system (CBAS); in response to a successful log into the CBAS, obtaining master data from a non-transitory computer readable medium, the master data being associated with the PIC; determining, based on the master data, a region associated with the PIC; receiving a request from the PIC to create a departmental budget application associated with the determined region; determining a department budget associated with the departmental budget application; and obtaining information of each departmental budget application associated with the department.