Hi Tom,
Funny thing is that I’m looking at you as I type this. Bloody weird. Anyway my
product idea is quite simple.
Under the SOX 409 act, US organisations are required to provide real-time
reporting of all events that could effect their share price or impact upon
financial performance. The term real-time is defined as within a reasonable
time after the event occurs.. management should make provision immediately to
make all shareholders and stakeholders aware of the complete information at
hand in an intelligible and coherent manner. The problem is that no method
exists at the moment which unifies events as they’re raised in a financial
reporting system with a PR reporting / crisis management reporting sysytem.
I think that a possible mechanism to achieve this utilises web services. Here,
the precise parameters of your reporting system could be defined as electronic
inputs such as a newsfeed adhereing to the du-jour standards such as RSS etc. A
businesses financial reporting system may therefore negotiate automatically
with your business to have a press release created and disseminated to a
desired and appropriate list of parties as required by SOX 409…
The negotiation is carried out using a secure webservices and the result is an
electronic document which is distributed and signed by both parties stating:
– the information to be disseminated
– the list of parties to notify (e.g. SEC, electronic news, media etc., other PR
agencies) (either physical or electronic including contact/forwarding
information)
– the schedule for dissemination
– the format for dissemination (live Real-Audion streaming, Quicktime etc. )
As stated previously there exists no standard mechanism for doing this at the
moment and as such, this would be a new an innovative process which is most
likely patentable. I.e. !!Potentially Highly Lucrative!!. I’d like to help you
develop this standard when I better understand your business process. I would
quite like a share of the revenues generated directly or indirectly from this
process for doing so. If you were agreeable.
Sincerest regards,
…shane
“It’s the simple things in life that are the most extraordinary; only wise men
are able to understand them.” – Paolo Coehlo, The Alchemist.