US 2019/0156428 A1 · TRANSACTION RECONCILIATION SYSTEM

Abstract

A system for reconciling transactions includes an interface, a processor and non-transitory computer readable media. The interface receives information related to a plurality of organizations. Each of the plurality of organizations includes an enterprise resource planning (ERP) system for maintaining account information associated with the organization, and a document management system (DMS) for maintaining documents for the organization. The non-transitory computer readable media is in communication with the processor. The non-transitory computer readable media that stores instruction code that causes the processor to determine, based on the information, a group of organizations of the plurality of organizations that are structurally related to one another. For each group of organizations, the processor a) communicates a request to an associated enterprise planning system for information related to an account to thereby obtain an account balance for the organization, b) communicates a request to an associated DMS for documents, c) performs natural language processing techniques on the documents to thereby determine support documents that support transactions related to the account, and d) accumulates transaction amounts specified in the support documents. When a sum of the transaction amounts is within a predetermined threshold of the account balance, the processor determines the account to be reconciled and generates a report that specifies the account balance and the support documents.

Claims20

Dependent claims

A system for reconciling transactions comprising:

an interface that receives information related to a plurality of organizations, wherein each of the plurality of organizations includes an enterprise resource planning (ERP) system for maintaining account information associated with the organization, and a document management system (DMS) for maintaining documents for the organization;
a processor;
and
non-transitory computer readable media in communication with the processor that stores instruction code which, when executed by the processor, causes the processor to:
determine, based on the information, a group of organizations of the plurality of organizations that are structurally related to one another;
for each group of organizations:
a) communicate a request to an associated enterprise planning system for information related to an account to thereby obtain an account balance for the organization;
b) communicate a request to an associated DMS for documents;
c) perform natural language processing techniques on the documents to thereby determine support documents that support transactions related to the account;
d) accumulate transaction amounts specified in the support documents;
e) when a sum of the transaction amounts is within a predetermined threshold of the account balance, determine the account to be reconciled;
and
f) generate a report that specifies the account balance and the support documents.

10 more elements

A non-transitory computer readable medium that includes instruction code for reconciling transactions, comprising the instruction code being executable by a machine for causing the machine to perform acts including:

receiving information related to a plurality of organizations, wherein each of the plurality of organizations includes an enterprise resource planning (ERP) system for maintaining account information associated with the organization, and a document management system (DMS) for maintaining documents for the organization;
determining, based on the information, a group of organizations of the plurality of organizations that are structurally related to one another;
for each group of organizations:
a) communicating a request to an associated enterprise planning system for information related to an account to thereby obtain an account balance for the organization;
b) communicating a request to an associated DMS for documents;
c) performing natural language processing techniques on the documents to thereby determine support documents that support transactions related to the account;
d) accumulating transaction amounts specified in the support documents;
e) when a sum of the transaction amounts is within a predetermined threshold of the account balance, determining the account to be reconciled;
and
f) generating a report that specifies the account balance and the support documents.

7 more elements

Dependencies are inferred from the claim text.

Transaction reconciliation system

Life of this patent

Transaction reconciliation system

Life of this patent

Abstract

Claims20