Patent ID: 8210425
Filing Date: 2012-07-03
Classification: G06Q

Abstract:
1. A computer-implemented method for consolidating multiple rate currencies associated with different corporate subsidiaries, the method being executed by a processor, the method comprising: receiving a request for consolidated financial data, wherein the request is received at a user interface from a requesting subsidiary, the request indicating a perspective point of the requesting subsidiary relative to the other different corporate subsidiaries; traversing a data structure representing a subsidiary hierarchy indicating a relationship between the different corporate subsidiaries, wherein each subsidiary in the subsidiary hierarchy comprises financial data in a functional currency, the requesting subsidiary being positioned higher in the subsidiary hierarchy than at least one other subsidiary; in response to the request, accessing, from a data store, an exchange rate between at least two related subsidiaries in the subsidiary hierarchy, wherein at least one of the related subsidiaries is the requesting subsidiary and the remainder of the related subsidiaries is positioned below the requesting subsidiary in the subsidiary hierarchy; converting the financial data of each subsidiary in the subsidiary hierarchy to the functional currency of a related subsidiary positioned higher in the subsidiary hierarchy based on the corresponding exchange rate; and calculating the requested consolidated financial data based on the converted financial data for each subsidiary in the subsidiary hierarchy related to and positioned lower than the requesting subsidiary, wherein the consolidated financial data is calculated in the functional currency associated with the requesting subsidiary.