Data lifting for exception processing

A computer program product for exception processing of financial documents, the computer program product comprising at least one non-transitory computer-readable medium having computer-readable program code portions embodied therein, the computer-readable program code portions comprising:

• an executable portion configured for receiving an indication of a user transaction, wherein receiving an indication of the user transaction comprises receiving a copy of the financial documents associated with the user transaction for processing;
• an executable portion configured for identifying data from the financial document, wherein the data from the financial document is extracted from the financial document using optical character recognition and the data is stored as metadata;
• an executable portion configured for processing the financial document by identifying exceptions in the financial documents being processed, wherein identifying exceptions further comprises identifying a type of financial document as a credit document or a debit document;
• an executable portion configured for determining known data associated with financial accounts of user based on the metadata, wherein the financial accounts are identified by comparing the metadata not associated with the exception to financial institution records to generate the known data;
• an executable portion configured for comparing the exceptions identified from the extracted metadata from the financial document to the known data associated with the financial accounts of the user;
• an executable portion configured for matching an appropriate financial account to the financial document comprising exceptions, wherein the match is based on the comparison between the extracted metadata from the financial document comprising exceptions to known data associated with financial accounts;
• an executable portion configured for replacing the exception by identifying one or more resolutions associated with the identified exceptions in the financial documents, wherein identifying one or more resolutions further comprises comparing the extracted metadata with data associated with financial institution records and correcting, automatically, the identified exceptions in the financial documents based on the one or more resolutions.

A computer-implemented method for exception processing of financial documents, the method comprising:

• providing a computing system comprising a computer processing device and a non-transitory computer readable medium, where the computer readable medium comprises configured computer program instruction code, such that when said instruction code is operated by said computer processing device, said computer processing device performs the following operations:
• receiving an indication of a user transaction, wherein receiving an indication of the user transaction comprises receiving a copy of the financial documents associated with the user transaction for processing;
• identifying data from the financial document, wherein the data from the financial document is extracted from the financial document using optical character recognition and the data is stored as metadata;
• processing the financial document by identifying exceptions in the financial documents being processed, wherein identifying exceptions further comprises identifying a type of financial document as a credit document or a debit document;
• determining known data associated with financial accounts of user based on the metadata, wherein the financial accounts are identified by comparing the metadata not associated with the exception to financial institution records to generate the known data;
• comparing, via a computer processing device, the exceptions identified from the extracted metadata from the financial document to the known data associated with the financial accounts of the user;
• matching an appropriate financial account to the financial document comprising exceptions, wherein the match is based on the comparison between the extracted metadata from the financial document comprising exceptions to known data associated with financial accounts;
• replacing the exception by identifying one or more resolutions associated with the identified exceptions in the financial documents, wherein identifying one or more resolutions further comprises comparing the extracted metadata with data associated with financial institution records and correcting, automatically, the identified exceptions in the financial documents based on the one or more resolutions.