MUMBAI, India, May 1 -- Intellectual Property India has published a patent application (202641051658 A) filed by Cvr College Of Engineering, Hyderabad, Telangana, on April 23, for 'predictive decision support system for financial planning using machine learning.'
Inventor(s) include S. Srinivas.
The application for the patent was published on May 1, under issue no. 18/2026.
According to the abstract released by the Intellectual Property India: "The current invention reveals the Predictive Decision Support System in Financial Planning with the help of Machine Learning. The system obtains the enterprise financial and organizational performance information as based on the accounting systems, ERP systems, budgetary databases, the payroll records, and operational systems. Pre-processing of the obtained data is done by cleaning, normalization, anomaly management, and feature extraction. Machine learning models predict future revenues, expenditures, profits, cash flows, liquidity patterns, investment results, and financial risks. A scenario analysis engine assesses different strategic business scenarios and an optimization engine advises on budgets allocations and financial plans to achieve maximum profitability and minimum risk. The outcomes are provided via an executive dashboard that presents predictive insight, alert, recommendation, and performance indicators. The invention enhances accuracy of forecasts, organizational performance, and aids in making intelligent executive financial decisions."
Disclaimer: Curated by HT Syndication.
