Patent ID: 9619840
Date: 2017-04-11
CPC Classifications: G06F,G06Q

Claim:
1. A system for automatically managing backing for resource requests, the system comprising: a resource request, wherein the resource request is made by a requester; a backing data store, wherein the backing data store comprises: a resource chronicle, wherein the resource chronical is associated with the resource request, and wherein the resource chronicle comprises: a backing manager, running on one or more processors, configured to: retrieve the second backing from the backing data store, retrieve the second backing parameters from the backing data store; retrieve the second adjustment value, based on the second backing type, from the resource chronicle; and reduce the second backing value by the second adjustment value, the second requester ownership fraction, and the second encumbered fraction to produce a second amount, wherein the second amount represents a second reduced value of the second backing that is available to back the resource request; and a backing accumulator coupled to the backing manager, wherein: the first amount and the second amount are accumulated in the backing accumulator to form a third amount; the backing manager is further configured to: retrieve the predetermined threshold; compare the third amount with the resource value to generate a compared value; analyze the compared value to determine the compared value is greater than or equal to the predetermined threshold to create an approval; send an alert, over the network, to an approval device, wherein the alert indicates the approval and triggers the approval device to initiate further processing of the resource request; and store the approval in the resource chronicle.