Semantic Approach to Financial Knowledge Specification - Case of Emergency Policy Workflow

The article presents an approach to integrate a business process knowledge in Decision Support Systems. The main research findings are related to the ontological and procedural issues of knowledge specification. The mathematical rigor used in process descriptions guarantees for precise definition of concepts and relationships in the domain knowledge. It concerns three major aspects of the system design, i.e. formalization of processes predefined in Business Process Modeling Notation, reuse of a domain ontology, and analysis of economic and financial information. Formally specified analytical processes and ontology allowed considerably minimize sources of ambiguity and confusion in the system design and implementation. The described approach is a continuation of the development of the intelligent cockpit for managers (InKoM project), whose main objective was to facilitate financial analysis and evaluation of economic status of the company. The current work and case studies are focused on specification of static (structural) and procedural knowledge of financial analysis in Small and Medium Enterprises. The content of the knowledge covers essential financial concepts and relationships related to the processes of emergency policy. An experiment has been carried out on real financial data extracted from the financial information system.