DESC:FIELD OF THE INVENTION
[001] The present invention relates to a system, a method and a device for project and finance management.

BACKGROUND OF THE INVENTION
[002] The real-estate industry is nationally important in terms of economic value and social concern. In addition to involving a significant portion of national productivity, the real-estate industry is responsible for building facilities and infrastructure to enable productivity. The efficiency and forthrightness with which the real-estate industry operates can have far reaching impact on the economic well being of and quality of life of many people.
[003] Risk related to the real-estate industry is subject to circumstances and developments involving any of these entities or interactions. Being kept apprised of the many details necessary to make informed decisions is a difficult task for the management in the real-estate industry. In order to overcome these difficulties, the use of computer software, hardware and networking technologies in the management of financial services has also expanded in recent years. In particular, project service firms are continuing to integrate these technologies into their businesses in order to provide an automated approach for personal asset and wealth management and to improve their efficiency in providing financial advice and other services to their clients.
[004] Another difficulty faced in the real estate industry is the amount of information required to evaluate a significant risk that may occur due to some entity. However, currently there is no such mechanism available which can provide real time assistance to assess one or more risk variables associated with the real estate industry, or otherwise qualitatively manage such risk.
[005] In fact, there are many sources of information that may be made available to members of the industry, however, these sources are not well integrated, nor are they organized so as to provide a comprehensive tool risk management. Therefore, there are many industries that have not benefited from such technical advances.
[006] That said, the technology underlying information gathering has drastically advanced within the past decade. In the fields of project, finance and risk management, there are currently no systems in place today that provide all of the necessary information, services and tools necessary for the insurance industry. Even if it is believed that there are systems currently working to solve this problem, the current products available to the industry suffer from low service quality, low client workspace enhancements, no standardization and no automation.
[007] In order to overcome the aforesaid drawbacks, the prior art US 7873557 B2 discloses a method and a system for integrating and managing information, documents, and compliance among financial professionals, financial professional clients, and financial professional supervisors. The method and system of the invention considers all information necessary for a financial professional to run their business and includes information relevant to the client and supervisor. This information includes full information management, electronic file management, compliance management, broker/dealer oversight, portfolio management, calendar management, and communications management. This information is presented to the financial professional, client, and supervisor in distinct yet integrated modules. Additionally, the method and system of the present invention offers tools for the financial professional, client, and supervisor that are relevant to their respective needs.
[008] Since some projects require customized inputs from the user based on select real estate projects, prior art US 20160239919 A1 discloses an automated computer program product and system for using artificial intelligence based cognitive learning methods to create a custom risk transfer program for one or more organizations on a continual basis. The elements of value, external factors and segments of value of the one or more organizations are analyzed and modeled using predictive models that are developed by learning from the data associated with each of the organizations. Scenarios of both normal and extreme situations are also developed by learning from the data. The scenarios are then used to drive simulations of the predictive models. The outputs from these simulations are then used to calculate a risk by element of value, external factor and segment of value for each organization. A custom risk transfer program that optimizes financial performance for each of the organizations given the quantified value and risk is then identified and presented.
[009] In order to specifically deal with the drawbacks of the construction industry, the prior art US7548883B2 discloses systems, methods, apparatus, computer program code and means for gathering, organizing and presenting on a real time basis information pertinent to risks associated with subjects related to the construction industry. Risks associated with the construction industry can be managed by gathering data relevant to the construction industry from multiple sources and aggregating the gathered data according to one or more risk variables. An inquiry relating to a risk subject can be received and portions of the aggregated data can be associated with the risk subject. The associated portions of the aggregated data can be transmitted to an entity placing the inquiry or other designated destination.
[0010] Yet another prior art US8762178B2 provides information on risks and related hedging strategies. It discloses that A plurality of client terminals are coupled to the system, for providing access to the system for accessing information on risks and related hedging strategies. A data aggregation module is configured to store financial and risk related information from a plurality of data sources, including private client data sources and public data sources. An analytical module is coupled to the data aggregation module, and configured to perform benchmarking estimates based on information retrieved from the private client data sources and the public data sources. The benchmarking estimates are performed against the private data and the public data obtained from a plurality of industries.
[0011] The existing project management and risk management models are centric to fulfil project based needs. However, none of the prior art aims at providing a system, a method and/or a device that not only prepare and maintain integrated records of financial transactions, records of client management, records of project management and records related to various legal compliances, but also provides recommendations on the implementation of budgetary control system on the bases of the project advancement. The drawbacks of prior art are overcome by the present invention, as detailed in the forthcoming sections of the present application.

OBJECTS OF THE INVENTION
[0012] The main object of the present invention is to provide a system, a method and a device for project and finance management.
[0013] Another object of the present invention is to provide a provide a system, a method and a device for project and finance management, which facilitates to complete the project in time as well as in budgeted cost.
[0014] Yet another object of the present invention is to provide an effective finance and internal control system.
[0015] Yet another object of the present invention is to provide an effective standardization & automation for all business process to reduce the time and effort needed for completing day- to-day activities.
[0016] Yet another object of the present invention is to provide an effective centralised processing, storage and availability of information related to various department and business.
[0017] Yet another object of the present invention is to provide an effective collaboration and coordination between various departments and business process of a user company so that all the information can be accessed and used for effective decision making.
[0018] Yet another object of the present invention is to provide an effective budgetary control system.
[0019] Yet another object of the present invention is to provide timely compliance of various statutory laws.
[0020] Yet another object of the present invention is to provide an auto- generation of analytics and deviations reports for effective decision-making.
[0021] Another object of the present invention is to provide a system that provides automatic and real-time cross-verifications tool to verify details of the project, user and other related information.
[0022] Yet another object of the present invention is to ensure correctness and accuracy of data.
[0023] Yet another object of the present invention is that the probability of some inadvertent error in maintenance of records is minimized up to zero.

SUMMARY OF THE INVENTION
[0024] In order to solve the drawbacks of the prior art, the present invention provides a system, a method and a device for project and finance management.
[0025] According to an aspect of the present invention, project data related to client management, project management, financial transactions and legal compliances are prepared and maintained in real-time along with a tool for implementation of the budgetary control system.
[0026] According to an aspect of the present invention, the system for project and finance management comprises an input module, a user terminal, a storage module, an output module and a processing module. The processing module comprises a first component of accounts and financial management, a second component of sales and client management, a third component of purchase and inventory management, a fourth component of legal compliance management, and a fifth component of operational performance management.
[0027] In one embodiment of the present invention, the first component, the second component, the third component, the fourth component and the fifth component are configured to be interoperable.
[0028] In one embodiment of the present invention, the first component, the second component, the third component, the fourth component and the fifth component are configured to process data on real-time basis.
[0029] According to an embodiment of the present invention, the input module is configured to input desired data related to projects selected by real-estate developers.
[0030] In one embodiment of the present invention, the first component, the second component, the third component, the fourth component and the fifth component are configured for enabling automated operability, for interoperability of two or more components that enables synchronous functioning on real time basis.
[0031] According to an embodiment of the present invention, any change in data pertaining to addition, deletion, alteration and updating of the said components, the system would enable automatic synchronous change in all the other named components. In particular, upon inputting all the relevant entry in the sales and client management component, the relevant financial transaction in the accounting and financial management component and relevant entries under applicable laws such as GST Law and RERA Law etc. in Legal Compliance Management Component will be updated on real time basis. Further, the system is not limited to legal compliances of the laws as cited above, but it may be configured with various law of any country, as need be.
[0032] According to an embodiment of the present invention, the storage module is configured to store project data and the processed details for further processing.
[0033] According to an embodiment of the present invention, probability of some inadvertent error in maintenance of records is low.
[0034] According to an aspect of the present invention, the above-defined system may be defined in terms of a method for project and finance management.
[0035] The system, methods, and examples provided herein are illustrative only with an intent to file a provisional application and not intended to be limiting.
[0036] It will be understood by those skilled in the art that the foregoing general description and the following detailed description are explanatory of the invention with a purpose of filing a provisional application and are not intended to be restrictive thereof.
[0037] Reference throughout this specification to “an aspect”, “another aspect” or similar language means that a particular feature, structure, or characteristic described in connection with the embodiment is included in at least one embodiment of the present invention. Thus, appearances of the phrase “in an embodiment”, “in another embodiment” and similar language throughout this specification may, but do not necessarily, all refer to the same embodiment.
[0038] The terms "comprises", "comprising", or any other variations thereof, are intended to cover a nonexclusive inclusion, such that a process or method that comprises a list of steps does not include only those steps but may include other steps not expressly listed or inherent to such process or method. Similarly, one or more devices or subsystems or elements or structures or components proceeded by "comprises... a" does not, without more constraints, preclude the existence of other devices or other sub-systems or other elements or other structures or other components or additional devices or additional sub-systems or additional elements or additional structures or additional components.
[0039] Unless otherwise defined, all technical and scientific terms used herein have the same meaning as commonly understood by one of ordinary skill in the art to which this invention belongs. The system, methods, and examples provided herein are illustrative only and not intended to be limiting.
[0040] It should be understood at the outset that although illustrative implementations of the embodiments of the present disclosure are illustrated below, the present invention may be implemented using any number of techniques, whether currently known or in existence. The present disclosure should in no way be limited to the illustrative implementations, drawings, and techniques illustrated below, including the exemplary design and implementation illustrated and described herein, but may be modified within the scope of the appended claims along with their full scope of equivalents.
[0041] The term “some” as used herein is defined as “none, or one, or more than one, or all.” Accordingly, the terms “none,” “one,” “more than one,” “more than one, but not all” or “all” would all fall under the definition of “some.” The term “some embodiments” may refer to no embodiments or to one embodiment or to several embodiments or to all embodiments. Accordingly, the term “some embodiments” is defined as meaning “no embodiment, or one embodiment, or more than one embodiment, or all embodiments.”
[0042] More specifically, any terms used herein such as but not limited to “includes,” “comprises,” “has,” “consists,” and grammatical variants thereof do NOT specify an exact limitation or restriction and certainly do NOT exclude the possible addition of one or more features or elements, unless otherwise stated, and furthermore must NOT be taken to exclude the possible removal of one or more of the listed features and elements, unless otherwise stated with the limiting language “MUST comprise” or “NEEDS TO include.”
[0043] Whether or not a certain feature or element was limited to being used only once, either way it may still be referred to as “one or more features” or “one or more elements” or “at least one feature” or “at least one element.” Furthermore, the use of the terms “one or more” or “at least one” feature or element do NOT preclude there being none of that feature or element, unless otherwise specified by limiting language such as “there NEEDS to be one or more . . . ” or “one or more element is REQUIRED.”
[0044] Unless otherwise defined, all terms, and especially any technical and/or scientific terms, used herein may be taken to have the same meaning as commonly understood by one having an ordinary skill in the art.
[0045] Reference is made herein to some “embodiments.” It should be understood that an embodiment is an example of a possible implementation of any features and/or elements presented in the attached claims. Some embodiments have been described for the purpose of illuminating one or more of the potential ways in which the specific features and/or elements of the attached claims fulfil the requirements of uniqueness, utility and non-obviousness.
[0046] Use of the phrases and/or terms such as “including, but not limited to” “a first embodiment,” “a further embodiment,” “an alternate embodiment,” “one embodiment,” “an embodiment,” “multiple embodiments,” “some embodiments,” “other embodiments,” “further embodiment”, “furthermore embodiment”, “additional embodiment” or variants thereof do NOT necessarily refer to the same embodiments. Unless otherwise specified, one or more particular features and/or elements described in connection with one or more embodiments may be found in one embodiment, or may be found in more than one embodiment, or may be found in all embodiments, or may be found in no embodiments. Although one or more features and/or elements may be described herein in the context of only a single embodiment, or alternatively in the context of more than one embodiment, or further alternatively in the context of all embodiments, the features and/or elements may instead be provided separately or in any appropriate combination or not at all. Conversely, any features and/or elements described in the context of separate embodiments may alternatively be realized as existing together in the context of a single embodiment.
[0047] The terminology and structure employed herein is for describing, teaching and illuminating some embodiments and their specific features and elements and does not limit, restrict or reduce the spirit and scope of the claims or their equivalents.
[0048] According to an aspect of the present invention, the system for project and finance management is disclosed. According to an embodiment of the present invention, the system for project and finance management comprises an input module, a user terminal, a storage module, an output module, a processing module, and a communication module.
[0049] In some embodiments, the processing module comprises a first processor configured with component of accounts and financial management, a second processor configured with component of sales and client management, a third processor configured with component of purchase and inventory management, a fourth processor configured with component of legal compliance management, and a fifth processor configured with component of operational performance management.
[0050] In some embodiments, the system comprises a verification processor. In some embodiments, the verification processor is configured with a verification tool to verify the project data input to the system, to cross-verify the processed information output from the first to fifth processors, and/or to autocorrect the minor errors for accurate execution of projects. In some embodiments, the verification processor may be enabled with real-time processing. In some embodiments, the verification processor may be enabled with artificial intelligence.
[0051] According to an embodiment of the present invention, the input module may be any input device, a web-based input module or an application based system to input details of desired projects.
[0052] According to an embodiment of the present invention, the storage module may be formed of any storage device in hardware form, or any cloud storage platform. In some embodiments, the storage module may also form database of completed project, pending projects and other important details related to the project planning.
[0053] According to an embodiment of the present invention, the processing module may be formed of any existing computing device. In some embodiments, the processing module may be any smart device like a smart phone, or any device configured with this platform, like a tablet, or any web-based system, etc.
[0054] According to an embodiment of the present invention, the output module may comprise of any existing output device, like a smart phone device, a tablet device, a website or any internal system for outputting data.
[0055] According to an embodiment of the present invention, the communication module is used to connect the input module, storage module, processing module, recording module and the output module. In some embodiments, the communication module connects the input module, storage module, processing module, recording module and the output module via network. In some embodiments, the network may be a LAN, WAN, a cellular network, etc.
[0056] According to the present invention the following advantages are envisaged over the prior art:
a. Cost effective system for managing the projects in terms of finances, planning and implementation.
b. Facility for Standardization & Automation of the projects reduce the time and effort needed for monitoring and completing the projects.
c. Preparation & maintenance of books of accounts as per law for recording of financial transactions.
d. Centralized processing, storage and availability of project data and related information related to various department and business.
e. Auto generation of analytics and deviations reports for effective decision making.
f. Timely compliances of various statutory laws
g. Effective Performance management System
h. Collaboration & Coordination between the various company’s departments & Business process so that all the information can be access and use for effective decision making.
[0057] Benefits, other advantages, and solutions to problems have been described above with regard to specific embodiments. However, the benefits, advantages, solutions to problems, and any component(s) that may cause any benefit, advantage, or solution to occur or become more pronounced are not to be construed as a critical, required, or essential feature or component of any or all the claims.
[0058] While specific language has been used to describe the present subject matter, any limitations arising on account thereto, are not intended. As would be apparent to a person in the art, various working modifications may be made to the method in order to implement the inventive concept as taught herein. The drawings and the foregoing description give examples of embodiments.

BRIEF DESCRIPTION OF THE DRAWINGS
[0059] These and other features, aspects, and advantages of the present invention will become better understood when the following detailed description is read with reference to the accompanying drawings in which like characters represent like parts throughout the drawings, wherein:
[0060] Figure 1 of the present invention illustrates a system for project and finance management according to one of the embodiments of the present invention;
[0061] Figure 2 of the present invention illustrates a processor with components synchronized with interoperability according to an embodiment of the present invention; and
[0062] Figure 3 of the present invention illustrates a flowchart for method of project and finance management according to one of the embodiments of the present invention.

DETAILED DESCRIPTION OF THE INVENTION WITH NON-LIMITING EMBODIMENTS AND EXAMPLES
[0063] For the purpose of promoting an understanding of the principles of the invention, reference will now be made to the embodiment illustrated in the drawings and specific language will be used to describe the same. It will nevertheless be understood that no limitation of the scope of the invention is thereby intended, such alterations and further modifications in the illustrated system, and such further applications of the principles of the invention as illustrated therein being contemplated as would normally occur to one skilled in the art to which the invention relates. Unless otherwise defined, all technical and scientific terms used herein have the same meaning as commonly understood by one of ordinary skilled in the art to which this invention belongs. The system, methods, and examples provided herein are illustrative only and not intended to be limiting.
Embodiments of the present invention will be described below in detail with reference to the accompanying drawings.
[0064] Any particular and all details set forth herein are used in the context of some embodiments and therefore should not be necessarily taken as limiting factors to the attached claims. The attached claims and their legal equivalents can be realized in the context of embodiments other than the ones used as illustrative examples in the description below. Embodiments of the present invention will be described below in detail with reference to the accompanying drawings.

[0065] The present disclosure provides a system (1) for project and finance management. According to an embodiment as illustrated in Figure 1, the system (1) may comprise a smart device (2), a memory module (6), a first processor module (4), a second processor module (8), and a cross verification module (10).
[0066] The smart device (2) may be an electronic device in an embodiment. The smart device (2) may be configured to input information. The information may be a predefined and/or preset value or a real time reading of predefined and/or preset value(s). In some embodiments, the input information may be one or more projects data, one of more tasks under the project, schedules, updates on the tasks, schedules, and all related information. Said smart device (2) may comprise of a device online connected to web. In an embodiment, the smart device (2) may be configured to extract information from a remote server.
[0067] In an embodiment, the first processor module (4) may be provided with a central processing unit. The central processing unit may be configured to generate a first data from the inputted information. The first data may be a required processed data generated from the inputted information. In an exemplary embodiment, the inputted information may comprise information related to project data comprising records of project management, records of financial transactions, and records of legal compliances. The project data are analysed and maintained in real-time. The project data may also analyse the impact of deviation in any of the predefined and/or preset value or a real time reading of predefined and/or preset value(s) and impact on such deviation on budgetary value and time of the project.
[0068] The first generated data may then be stored in the memory module (6). In an embodiment, the memory module (6) may be a local storage unit or an external storage unit or a combination of both the internal and external.
[0069] The second processor module (8) may comprise a data management processor. The data management processor may be configured to process the first data in one or more components.
[0070] According to an aspect of the present invention, the system for project and finance management comprises an input module, a user terminal, a storage module, an output module, a processing module. The processing module comprises a first processor module, a second processor module and a cross verification processor module. The first processor module (4) may be provided with a central processing unit configured to generate a first data from the inputted information. The second processor module (8) comprises one or more components, said components comprises but not limited to a first component of accounts and financial management, a second component of purchase and inventory management, a third component of sales and client management, a fourth component of legal compliance management, and a fifth component of operational performance management. The verification processor module (10) may automatically cross verifies the processed data of the second processor module (10) against the first data and vice versa constantly and on real-time to ensure correctness and accuracy of data.
[0071] In one embodiment of the present invention, the first component, the second component, the third component, the fourth component, and the fifth component are configured to be interoperable.
[0072] In one embodiment of the present invention, the first component, the second component, the third component, the fourth component, and the fifth component are configured to process data on real-time basis.
[0073] Figure 2 illustrates a processor with components synchronized with interoperability according to an embodiment of the present invention. The one or more components (8-1, 8-2, 8-3…) may be predefined components for the system in an embodiment. There may be a set of a plurality of components predefined to the system. The data management processor may check for the first data and based on the first data, the data management processor may decide the number of components and/or the type of components to be generated.
[0074] According to an embodiment of the present invention, the input module is configured to input desired data related to projects selected by real-estate developers.
[0075] In one embodiment of the present invention, the first component, the second component, the third component, the fourth component, and the fifth component are configured for enabling automated operability, for interoperability of two or more components that enables synchronous functioning on real time basis.
[0076] According to an embodiment of the present invention, any change in data pertaining to addition, deletion, alteration and updating of the said components, the system would enable automatic synchronous change in all the other named components. In particular, upon inputting all the relevant entry in the sales and client management component, the relevant financial transaction in the accounting and financial management component and relevant entries under applicable laws such as GST Law, Insurance Law, RERA Law etc. in legal compliance management component will be updated on real time basis. Further, the system is not limited to legal compliances of the laws as cited above, but it may be configured with various law of any country, as need be. There may be a set of a plurality of components predefined to various systems, which are interlinked to each other. The data management processor may check for the first data from one system and based on the first data, the data management processor may update the components of the other systems in any heterogeneous networks, as cited above.
[0077] According to another embodiment of the present invention, the one or more components (8-1, 8-2, 8-3…) may be predefined components of multiple systems connected in a homogeneous network. The heterogeneous network refers to a network that connects respective systems of multiple departments from one organization in one network. The invention described below may be implemented either separately in the heterogeneous network and the homogeneous network, or in the combination of the heterogeneous network and the homogeneous network.
[0078] According to an embodiment of the present invention, the storage module is configured to store project data and the processed details for further processing.
[0079] According to an embodiment of the present invention, probability of some inadvertent error in maintenance of records is low.
[0080] According to an embodiment of the present invention, the system enables effective standardization and automation of all business processes for completing day-to-day activities and ensures effiecient project completion within the budgetary control.
[0081] According to an aspect of the present invention, the above-defined system may be defined in terms of a method for project and finance management.
[0082] In a preferred embodiment, the one or more components may comprise one or more of an accounts and financial management, purchase and inventory management, sales and client management, legal compliance management, operational performance management etc.
[0083] In an exemplary embodiment, one of the components representing accounts and inventory management may record sales, purchase and other financial transactions. The updation in the data of said component may update the financial transaction on real time basis and auto-generate annual accounts on the basis of interoperability.
[0084] In another exemplary embodiment, one of the components representing legal compliances may enable real time check of register and records on the system according to the prevailing applicable laws and compliances in effect from time to time. In case, there is any non-compliance observed by the system with respect to the applicable laws, the same may be recorded by the system. Said update by any of the component may update all the other components in the system. It may facilitate legal compliances component in facilitating the filing of various statutory returns under the Direct and Indirect taxes laws, and other prevailing laws.
[0085] In another exemplary embodiment, the change in project lay out of building may update one of the components related to staff, labour, inventory and other components.
[0086] In one embodiment, a sales executive books a flat from a customer and receives payment from the customer. That is, data related to the booking of a flat is input in the one of the components of the user management system. In conventional system, developer generally maintains above records separately for accounting and financial management component, sales and client management component and legal compliance management. However, according to the invention, immediately after making all the relevant entry in the sales and client management component by a sales executive, the relevant financial transaction in the accounting and financial management component and relevant entries under GST Law and RERA Law etc., in legal compliance management component will be updated automatically on real time basis. That is, the interoperability feature of the present system updates all the other components of the system on the basis of the input data.
[0087] In another example, revision in the number of storeys in an apartment due to change in the law will update the purchase and inventory management component, accounting and financial management component, legal compliance component and provides suggestions in the revision in input data, allocated budget and timelines of the project.
[0088] In another example, taking a case of a construction project in India: the input data related to project details such as name of the project, location of the project, layout of the project, material requirement details, time of the project, projected cost for material, labour, etc. is fed. According to the invention, after inputting the data in the system, the following records may be updated or maintained on real time basis, immediately:
(i) Maintenance & Preparation of records in compliance with the Real Estate (Regulation and Development) Act, 2016 (RERA) tax laws, insurance laws or any such other governing laws.
(ii) Maintenance & Preparation of records for purchase of material and inventory,
(iii) Maintenance & Preparation of operational performance such as cost, time and safety.
[0089] In some embodiments, the cross verification module may enable the components to cross verify with the input data on real time and provide constant alerts on errors.
[0090] The cross verification module may be artificial intelligence enabled, wherein when there is a change in the input data resulting in updation in one or more components, it provide suggestions to revise input data to maintain consistency or to keep the project under budgetary control or within projected timeline.
[0091] Accordingly, the project and finance management system comprises a smart device (2) configured to input information, a first processor module (4) comprising a central processing unit (CPU) configured to generate a first data from the inputted information, a memory module (6) configured to store the first data generated by the first processor module, a second processor module (8) comprising a data management processor configured to process at least one component from one or more components (8-1, 8-2…) on the basis of the first data, and a cross verification module to cross verify the processed data with input data. The one or more components (8-1, 8-2…) are processed based on interoperability. The interoperability enables the one or more components (8-1, 8-2…) to be updated based on the first data processed in the at least one component.
[0092] Figure 3 illustrates a flowchart for method of project and finance management, according to one of the embodiments of the present invention. The method may include step S1 of inputting user information. The information may be inputted by a smart device. In an embodiment, the information may be required to be manually added by either the user of any designated authority or by both. In another embodiment, the smart device may be configured to access data from remote servers with information saved.
[0093] Further, at step S2, the first processor module may process the inputted information by the central processing unit and generate a first data. The first data generated by the first processing module may then be stored S3 in the memory module.
[0094] At step S4, the stored first data may be further processed by the second processor module. As the result, the first data may be processed into one or more components which are predefined by the system. Said all of the one or more components may be enabled with interoperability (S5). Said interoperability in the one or more components may enable automatic synchronous update from any update in said one component to all the other components in the system. In an embodiment, the update may pertain to addition or deletion or alteration or updation of data. Furthermore, the second processor may be configured to automatically update (S6) said one or more components on real time basis.
[0095] At step S7, the cross verification module may enable the processed data of one or more components to cross verify with the input data on real time and provide constant alerts on errors. The cross verification module may be artificial intelligence enabled to provide suggestions to maintain consistency or to keep the project under budgetary control or within projected timelines, leading to effective decision making.
[0096] The actions of any flow diagram need not be implemented in the order shown; nor do all of the acts necessarily need to be performed. Also, those acts that are not dependent on other acts may be performed in parallel with the other acts. The scope of embodiments is by no means limited by these specific examples. Numerous variations, whether explicitly given in the specification or not, such as differences in structure, dimension, and use of material, are possible. The scope of embodiments is at least as broad as given by the following claims.
[0097] Benefits, other advantages, and solutions to problems have been described above with regard to specific embodiments. However, the benefits, advantages, solutions to problems, and any component(s) that may cause any benefit, advantage, or solution to occur or become more pronounced are not to be construed as a critical, required, or essential feature or component of any or all the claims.
[0098] While specific language has been used to describe the present subject matter, any limitations arising on account thereto, are not intended. As would be apparent to a person in the art, various working modifications may be made to the method in order to implement the inventive concept as taught herein. The drawings and the foregoing description give examples of embodiments.
,CLAIMS:We claim:
1. A project and finance management system, comprising:
a smart device (2) configured to input information;
a first processor module (4), comprising a central processing unit (CPU), configured to generate a first data from the inputted information;
a memory module (6) configured to store the first data generated by the first processor module;
a second processor module (8) comprising a data management processor configured to process at least one component from one or more components (8-1, 8-2…) on the basis of the first data; wherein the one or more components (8-1, 8-2…) are processed based on interoperability and wherein the interoperability enables the one or more components (8-1, 8-2…) to be updated based on the first data processed in the at least one component, wherein the one or more components (8-1, 8-2…) contains processed data; and
a cross verification module (10) configured to automatically cross verify the processed data of the one or more components (8-1, 8-2…) against the first data and vice versa constantly and on real-time;
wherein the system enables effective project management within the projected budget and time.
2. The project and finance management system as claimed in claim 1, wherein the one or more components (8-1, 8-2…) comprises one or more of an accounts and finance management component, purchase and inventory management component, sales and client management component, legal compliance component, operational performance management component, etc.
3. The project and finance management system as claimed in claim 2, wherein said second processor module (8) is configured to automatic update said one or more components according to the first data and synchronous update from any update in said one or more component to all the other components on real time basis.
4. The project and finance management system as claimed in claim 3, wherein the update pertains to addition or deletion or alteration or updation of data.
5. The project and finance management system as claimed in claim 1, wherein said input information is a predefined and/or preset value or a real time reading of predefined and/or preset value(s).
6. The project and finance management system as claimed in claim 1, wherein said cross verification module (10) is artificial intelligence enabled.
7. A method of project and finance management, comprising step of:
inputting (S1) user information;
generating (S2), by a first processor module, a first data from the inputted information;
storing (S3), in a memory module, the first data generated by the first processor module;
processing (S4), by a second processor module, the first data generated into one or more components;
wherein the one or more components are enabled with interoperability (S5),
wherein the interoperability enables automatic synchronous update from any update in said one component to all the other components (S6), wherein the update pertains to addition or deletion or alteration or updation of data, and
cross verifying (S7) the processed data of the second processor module (10) against the first data and vice versa constantly and on real-time to ensure to ensure effective project management within the projected budget and time.