Patent ID: 7127421

Claim:
A method of assessing the ability of a system to apply straight through processing to securities transactions, the method comprising: identifying one or more assessment issues, the one or more assessment issues relating to automated processing of securities management functions in the system for processing securities transactions, wherein at least one of the one or more assessment issues relates to the ability of the system to apply straight through processing to securities transactions; storing, on a computer readable medium, the identified one or more assessment issues in an issue and resolution log; capturing process and technology performance information relating to a current state of the system for implementing automated processing of securities transactions; storing, on a computer readable medium, the process and technology performance information; analyzing the process and technology performance information with respect to the one or more assessment issues based on a future state of the system for implementing automated processing of securities transactions; capturing information regarding the ability of at least one system external to the system to apply automated straight through processing to securities transactions, wherein the at least one system external to the system includes one or more of an industry-wide system, a business partner system, or a vendor system; storing, on a computer readable medium, the information regarding the abilities of at least one system external to the system to apply straight through processing to securities transactions; formulating at least one recommendation for improving process and technology performance for the system for applying straight through processing to securities transactions; prioritizing the at least one recommendation based on the analysis of the technology and performance information; and developing an implementation plan, wherein the implementation plan includes at least one task associated with the at least one recommendation.