MUMBAI, India, July 24 -- Intellectual Property India has published a patent application (202611065036 A) filed by Niet Business School on May 23, 2026, for An Automated Budget Monitoring Management Apparatus.
Inventors include Mahendra Pratap; and Mayank Kumar Pandey.
The application for the patent was published on July 17, 2026, under issue no. 29/2026.
Abstract: An automated budget monitoring management apparatus is disclosed for monitoring organizational budgets using interconnected acquisition, normalization, repository, rule processing, analytics, alerting, reporting, and audit modules. The apparatus receives budget allocations, expenses, commitments, approvals, and adjustments from multiple systems, standardizes the received records, applies configurable thresholds, determines utilization and exposure conditions, generates role based alerts, and presents management reports. The apparatus further maintains a traceable event history linking source records, applied rules, calculated variances, notifications, and responses for improved financial oversight.
Disclaimer: Curated by HT Syndication.
