System and method for automated comprehensive reconciliation...

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Accounting

Reexamination Certificate

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C705S039000, C705S040000

Reexamination Certificate

active

07970668

ABSTRACT:
A system and method of reconciliation processing that automates multiple steps of data validation. One of the key steps of reconciliation is the review and validation of the input and outputs. An embodiment of this invention includes the maintenance of an automated checklist of the various reconciliation steps, which enables maintaining an audit trail and the generation of metrics. A web-based system can be implemented to achieve the objectives of improving the reconciliation process and utilizing computerized controls.

REFERENCES:
patent: 7353182 (2008-04-01), Missinhoun et al.
patent: 2002/0026416 (2002-02-01), Provinse
patent: 2005/0044015 (2005-02-01), Bracken et al.
patent: 2005/0114239 (2005-05-01), Fiascone et al.
patent: 2008/0120211 (2008-05-01), Oppenheimer et al.

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