Financial services production support system and method
OwnerRichard Michael Fenger, Preston Alan Grahaminventors
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Abstract
A system and method for performing reconciliation of financial records in a distributed enterprise. A central server receives and stores a plurality of files respectively representative of financial transactions. Receipt of the files is monitored and the files are swept to predetermined folders or locations, which are accessed by a reconciliation software package. An application, running on the central server and being other than the reconciliation software package, operates on the central server and provides current reconciliation status information to both personnel responsible for performing the reconciliation and end users whose data is being reconciled.
Claims34
A system for performing reconciliation of financial records, comprising:
- a server including a file transfer service that is operable to receive a plurality of files from a plurality of distributed entities, the plurality of files respectively storing data representative of financial transactions respectively recorded by the plurality of distributed entities;
- a reconciliation software package configured to operate on at least a subset of the plurality of files;
- and
- an application, other than the reconciliation software package, operating on the server, that allows the reconciliation software package to access the data in the plurality of files in order to perform reconciliation.
A method of performing financial records reconciliation, comprising:
- recording a plurality of financial transactions;
- storing data representative of a first portion of the financial transactions in a first file and data representative of a second portion of the financial transaction in a second file;
- sending the first and second files to a central server;
- ascertaining whether the first and second files are timely received, and if not, initiating a notification procedure;
- sweeping the first and second files to predetermined locations on the central server;
- performing financial reconciliation on the data in the first and second files;
- and
- displaying status information with respect to the state of files receipt and the step of performing financial reconciliation.
A method for electronic file handling, comprising:
- receiving a plurality of electronic files at a central computer;
- automatically checking for receipt of the electronic files against a list of electronic files expected to be received to ascertain whether files in the list of electronic files expected have been received;
- storing individual files of the plurality of electronic files in a plurality of locations that will be accessed by multiple instances of an application;
- accessing respective ones of the plurality of electronic files stored in the plurality of locations with the instances of the application and performing data matching with respect to at least one of the plurality of electronic files;
- and
- providing status information with respect to receipt of the files and a status of the data matching.
Dependencies are inferred from the claim text.