System and Method for Real-Time Integrated Credit Card Management

A computerized system for integrated credit card management within a computerized financial accounting application comprising:

• an application server comprising an application database, the application server being communicably engaged with at least one financial institution server over a communications network, the application server comprising a processor and a non-transitory memory device operable to cause the processor to perform one or more operations, the one or more operations comprising:
• configuring a plurality of credit card account parameters being associated with a plurality of credit card accounts within a graphical user interface;
• configuring a plurality of credit card management parameters within the graphical user interface, the plurality of credit card management parameters defining at least one distribution set, at least one vendor record, and at least one credit card register;
• establishing, for each credit card account within the plurality of credit card accounts, a data transfer interface with the at least one financial institution server;
• configuring a plurality of containers in the application database, each container in the plurality of containers being associated with at least one credit card account in the plurality of credit card accounts, and the plurality of credit card management parameters;
• initiating a data transfer protocol with the financial institution server to receive a plurality of credit card transaction data;
• storing the plurality of credit card transaction data within the plurality of containers in the application database;
• assigning, in the application database, an attribute to each credit card transaction in the plurality of credit card transaction data, the attribute being associated with at least one credit card management parameter in the plurality of credit card management parameters;
• associating the plurality of credit card transaction data with the at least one vendor record;
• and,
• generating an invoice associated with the plurality of credit card transaction data according to the at least one distribution set and the at least one vendor record.

A computerized system for integrated credit card management within a computerized financial accounting application comprising:

• an application server comprising an application database, the application server being communicably engaged with at least one financial institution server over a communications network, the application server comprising a processor and a non-transitory memory device operable to cause the processor to perform one or more operations, the one or more operations comprising:
• providing a graphical user interface for a plurality of user modules comprising a cardholder module, an approver module, a department administrator module, and an accounts payable module;
• configuring, within the cardholder module, a plurality of credit card account parameters being associated with a plurality of credit card accounts;
• establishing, for each credit card account within the plurality of credit card accounts, a data transfer interface with the at least one financial institution server;
• configuring, within the approver module, a plurality of credit card management parameters being associated with a plurality of credit card accounts, the plurality of credit card management parameters comprising one or more attributes, the one or more attributes comprising vendor attributes and distribution set attributes;
• configuring a plurality of containers in the application database, each container in the plurality of containers being associated with at least one credit card account in the plurality of credit card accounts, and the plurality of credit card management parameters;
• initiating a data transfer protocol with the financial institution server to receive a plurality of credit card transaction data;
• assigning, within the cardholder module, the one or more attributes to one or more credit card transaction within the plurality of transaction data;
• approving, within the department administrator module, the one or more attributes assigned to the one or more credit card transaction within the plurality of transaction data;
• storing the one or more attributes in the plurality of containers in the application database;
• and,
• providing, within the accounts payable module, a reporting interface comprising one or more real-time budget controls, vendor spending reports, and real-time transaction reports.