Patent SG-11201909880Y-A (SG)
Title: System and method for determining daily profit and loss to improve the efficiency of day to day business operational activities
Inventor: FOO YONG
IPC: G06Q40/00
Filed: 2017-06-19
Abstract: Inventoryand Purchasing ees\" Order Processing a d Sales Account Management 100 Financial Reporting (12) INTERNATIONAL APPLICATION PUBLISHED UNDER THE PATENT COOPERATION TREATY (PCT) (19) World Intellectual Property Organization International Bureau (43) International Publication Date 01 November 2018 (01.11.2018) WIPO I PCT Iiiimmomiolollmonolomommomilmoiflommill (10) International Publication Number WO 2018/199736 Al (22) International Filing Date: 19 June 2017 (19.06.2017) (25) Filing Language: English (26) Publication Language: English (30) Priority Data: PI 2017000618 27 April 2017 (27.04.2017) MY (72) Inventor; and (71) Applicant: FOO, Yong [ /MY]; 22A, JLN TR7/2, Trop- icana Golf and Country Resort, Petaling Jaya, Selangor 47410 (MY). (74) Agent: MANIAM, Mahalingam; IP Rights (M) Sdn Bhd, 7M, Biz Avenue, Neo Cyber, Lingkaran Cyber Point Barat, 63000 Cyberjaya, Selangor Darul Ehsan (MY). Designated States (unless otherwise indicated, for every kind of national protection available): AE, AG, AL, AM, AO, AT, AU, AZ, BA, BB, BG, BH, BN, BR, BW, BY, BZ, CA, CH, CL, CN, CO, CR, CU, CZ, DE, DJ, DK, DM, DO, DZ, EC, EE, EG, ES, FI, GB, GD, GE, GH, GM, GT, HN, HR, HU, ID, IL, IN, IR, IS, JO, JP, KE, KG, KH, KN, KP, KR, KW, KZ, LA, LC, LK, LR, LS, LU, LY, MA, MD, ME, MG, MK, MN, MW, MX, MY, MZ, NA, NG, NI, NO, NZ, OM, PA, PE, PG, PH, PL, PT, QA, RO, RS, RU, RW, SA, SC, SD, SE, SG, SK, SL, SM, ST, SV, SY, TH, TJ, TM, TN, TR, TT, TZ, UA, UG, US, UZ, VC, VN, ZA, ZM, ZW. (84) Designated States (unless otherwise indicated, for every kind of regional protection available): ARIPO (BW, GH, GM, KE, LR, LS, MW, MZ, NA, RW, SD, SL, ST, SZ, TZ, (51) International Patent Classification: G06Q 40/00 (2012.01) (21) International Application Number: PCT/MY2017/000022 (81) (54) Title: SYSTEM AND METHOD FOR DETERMINING DAILY PROFIT AND LOSS TO IMPROVE THE EFFICIENCY OF DAY TO DAY BUSINESS OPERATIONAL ACTIVITIES Figure 1 (57) : The present invention relates to system and method for determining daily profit and loss to improve the efficiency of the current day to day business operational activities. One of the advantages of the system of the present invention, it reduces redundancy of the replications of cost and time by assigning work digitally rather than manually in daily profit and loss calculation. The system further provides a complete visibility of sales volumes, backlogs and trends which allows the decision maker to react at a quicker reaction to spikes in demand of business activities. The system also helps to develop a full understanding of the benefits before committing significant further resources into a business expansion. This ensures that only the businesses which are expected to provide benefits exceeding the investment of time and money are initiated. Moreover, the management of an organization is able to see visible leakage [Continued on next page] WO 2018/199736 Al MIDEDIMOMOIDEIREEMOMOHEIMOHIIMEOMEME UG, ZM, ZW), Eurasian (AM, AZ, BY, KG, KZ, RU, TJ, TM), European (AL, AT, BE, BG, CH, CY, CZ, DE, DK, EE, ES, FI, FR, GB, GR, HR, HU, IE, IS, IT, LT, LU, LV, MC, MK, MT, NL, NO, PL, PT, RO, RS, SE, SI, SK, SM, TR), OAPI (BF, BJ, CF, CG, CI, CM, GA, GN, GQ, GW, KM, ML, MR, NE, SN, TD, TG). Published: — with international search report (Art. 21(3)) in efforts and time but also promotes to take necessary action to reduce the risks in a business investment.