MUMBAI, India, June 26 -- Intellectual Property India has published a patent application (202641053363 A) filed by Saveetha Institute Of Medical And Technical Sciences on April 27, 2026, for Finance Tracker.
Inventors include Goturi Pavithra; Dr. A. Rama; and Dr Ramya Mohan.
The application for the patent was published on June 19, 2026, under issue no. 25/2026.
Abstract: By effectively recording revenues, expenses, and income sources, the clever digital platform "Finance Tracker for Smart Budgeting" aims to simplify financial management for both individuals and institutions. The system automatically arranges and labels transactions across a variety of categories, including food, utilities, travel, and investments, using real-time data analysis, OCR (Optical Character Recognition) for scanning receipts, and Al-driven categorization. To learn more about their spending patterns, users can create customizable financial reports, set budget objectives, and get warnings about overspending. By combining multi-factor authentication with secure cloud storage, the platform guarantees that user data is safe while still being accessible from any device. Additionally, Finance Tracker offers trend analysis, graphic dashboards, and automated monthly reports for a clear knowledge of financial activity. It encourages proactive financial planning by forecasting future expenses based on historical trends and offering budgeting advice through predictive analytics. The platform facilitates multi-user collaboration, recurring entry logging, and tax-ready documentation, regardless of whether it is utilized for small business accounting, household budgeting, or individual spending tracking. Its objective is to transform unstructured financial data into a meaningful, actionable narrative while empowering users with financial clarity, promoting prudent spending and wellTffiormed decision-making.
Disclaimer: Curated by HT Syndication.
