Applying retroactive adjustments to financial accounts

Abstract

Methods and systems of applying retroactive adjustments to financial data. An example method includes: receiving one or more adjustment records associated with a financial account; saving a snapshot of the financial account, the snapshot comprising a plurality of transaction records reflecting previously processed transactions associated with the financial account; merging the adjustment records and the transaction records to produce a plurality of adjusted transaction records; processing adjusted transaction records to produce an updated state of the financial account; comparing the saved snapshot to the updated state of the financial account to produce one or more adjustment events; and processing the adjustment events using one or more event processing rules.

What is claimed is: 
     
         1 . A method, comprising:
 receiving, by a computer system, one or more adjustment records associated with a financial account;   saving a snapshot of the financial account, the snapshot comprising a plurality of transaction records reflecting previously processed transactions preceding an earliest date among effective dates of the adjustment records;   merging, while suspending a trigger specifying an automated notification to be caused by processing a transaction, the adjustment records and the transaction records to produce a plurality of adjusted transaction records;   processing the adjusted transaction records to produce an updated state of the financial account;   comparing the saved snapshot to the updated state of the financial account to produce one or more adjustment events; and   processing the adjustment events using one or more event processing rules.   
     
     
         2 . The method of  claim 1 , wherein receiving the adjustment records comprises determining that each adjustment record has a respective effective date before an effective date of at least one previously processed transaction of the same type as the adjustment record. 
     
     
         3 . The method of  claim 1 , wherein each adjustment record includes at least one of: an identifier of a transaction type, an identifier of an external entity associated with a transaction, an identifier of a currency of the transaction, an identifier of a financial instrument associated with the transaction, an amount of the transaction, a date of an event associated with the financial account, non-financial data associated with the financial account, or a textual description of the transaction. 
     
     
         4 . The method of  claim 1 , wherein each event processing rule specifies an action to be performed in response to evaluating a conditional statement. 
     
     
         5 . The method of  claim 1 , wherein each event processing rule specifies an action to be performed in response to evaluating a conditional statement comparing one or more event parameters to specified values. 
     
     
         6 . The method of  claim 1 , wherein each event processing rule specifies an action to be performed in response to evaluating a conditional statement, wherein the action is provided by at least one of: transmitting a notification to a holder of the financial account or performing a specified workflow. 
     
     
         7 . The method of  claim 1 , wherein each event processing rule specifies an action to be performed in response to evaluating a conditional statement, wherein the action is provided by adjusting an eligibility date for a plan benefit associated with the financial account. 
     
     
         8 . The method of  claim 1 , wherein merging the adjustment records and the transaction records further comprises suspending a second trigger specifying a database table update. 
     
     
         9 . A computer system, comprising:
 a memory; and   a processor coupled to the memory, wherein the processor is configured to:
 receive one or more adjustment records associated with a financial account; 
 save a snapshot of the financial account, the snapshot comprising a plurality of transaction records reflecting previously processed transactions preceding an earliest date among effective dates of the adjustment records; 
 merge, while suspending a trigger specifying an automated notification to be caused by processing a transaction, the adjustment records and the transaction records to produce a plurality of adjusted transaction records; 
 process the adjusted transaction records to produce an updated state of the financial account; 
 compare the saved snapshot to the updated state of the financial account to produce one or more adjustment events; and 
 process the adjustment events using one or more event processing rules. 
   
     
     
         10 . The computer system of  claim 9 , wherein receiving the adjustment records comprises determining that each adjustment record has a respective effective date before an effective date of at least one previously processed transaction of the same type as the adjustment record. 
     
     
         11 . The computer system of  claim 9 , wherein each adjustment record includes at least one of: an identifier of a transaction type, an identifier of an external entity associated with a transaction, an identifier of a currency of the transaction, an identifier of a financial instrument associated with the transaction, an amount of the transaction, a date of an event associated with the financial account, non-financial data associated with the financial account, or a textual description of the transaction. 
     
     
         12 . The computer system of  claim 9 , wherein each event processing rule specifies an action to be performed in response to evaluating a conditional statement, wherein the action is provided by at least one of: transmitting a notification to a holder of the financial account or performing a specified workflow. 
     
     
         13 . The computer system of  claim 9 , wherein each event processing rule specifies an action to be performed in response to evaluating a conditional statement, wherein the action is provided by adjusting an eligibility date for a plan benefit associated with the financial account. 
     
     
         14 . The computer system of  claim 9 , wherein merging the adjustment records and the transaction records further comprises suspending a second trigger specifying a database table update. 
     
     
         15 . A computer-readable non-transitory storage medium comprising executable instructions that, when executed by a computer system, cause the computer system to perform operations comprising:
 receiving one or more adjustment records associated with a financial account;   saving a snapshot of the financial account, the snapshot comprising a plurality of transaction records reflecting previously processed transactions associated with the financial account;   merging, while suspending a trigger specifying an automated notification to be caused by processing a transaction, the adjustment records and the transaction records to produce a plurality of adjusted transaction records;   processing adjusted transaction records to produce an updated state of the financial account;   comparing the saved snapshot to the updated state of the financial account to produce one or more adjustment events; and   processing the adjustment events using one or more event processing rules.   
     
     
         16 . The computer-readable non-transitory storage medium of  claim 15 , wherein receiving the adjustment records comprises determining that each adjustment record has a respective effective date before an effective date of at least one previously processed transaction of the same type as the adjustment record. 
     
     
         17 . The computer-readable non-transitory storage medium of  claim 15 , wherein each adjustment record includes at least one of: an identifier of a transaction type, an identifier of an external entity associated with a transaction, an identifier of a currency of the transaction, an identifier of a financial instrument associated with the transaction, an amount of the transaction, a date of an event associated with the financial account, non-financial data associated with the financial account, or a textual description of the transaction. 
     
     
         18 . The computer-readable non-transitory storage medium of  claim 15 , wherein merging the adjustment records and the transaction records further comprises suspending a second trigger specifying a database table update. 
     
     
         19 . The computer-readable non-transitory storage medium of  claim 15 , wherein each event processing rule specifies an action to be performed in response to evaluating a conditional statement, wherein the action is provided by at least one of: transmitting a notification to a holder of the financial account or performing a specified workflow. 
     
     
         20 . The computer-readable non-transitory storage medium of  claim 15 , wherein each event processing rule specifies an action to be performed in response to evaluating a conditional statement, wherein the action is provided by adjusting an eligibility date for a plan benefit associated with the financial account.