Detecting Missing Records in Financial Transactions by Applying Business Rules

• US 20070100717A1
• Filed: 08/30/2006
• Published: 05/03/2007
• Est. Priority Date: 09/02/2005
• Status: Active Grant

• Current Assignee: Honda Motor Co., Ltd. (Honda Motor Company)
• Original Assignee: Honda Motor Co., Ltd. (Honda Motor Company)
• Inventors: Holmes, Frederic, Akahiji, Brian, Cordier, Daniel, Wu, Lester, Bullock, Sheri
• Granted Patent: US 8,095,437 B2
• Time in Patent Office: Days
• US Class Current: 705/35
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/12 Accounting

Abstract

A financial transactions control system for imposing controls on the processing of financial transactions may include a storage system configured to store records relating to the financial transactions and a set of user-specified business rules, each of which specifies a grouping of a subset of the records, and an exception identification system configured to identify each record that is missing based on the absence of the record from one of the groupings.

Claims

1. A financial transactions control system for imposing controls on the processing of financial transactions comprising:

a storage system configured to store records relating to the financial transactions and a set of user-specified business rules, each of which specifies a grouping of a subset of the records; and

an exception identification system configured to identify each record that is missing based on the absence of the record from one of the groupings.

2. The financial transactions control system of claim 1 wherein each record includes at least one total relating to the financial transactions.

3. The financial transactions control system of claim 1 wherein the business rules include a schedule specifying when the records should be present and wherein the exception identification system is configured to also consider the schedule when identifying missing records.

4. The financial transactions control system of claim 1 further comprising an email alert system configured to automatically issue an email alert in response to the identification of each missing record by the exception identification system.

5. The financial transactions control system of claim 4 wherein the email alert system is configured to track how each email alert is resolved.

6. A financial transaction control process for imposing controls on the processing of financial transactions comprising:

storing records relating to the financial transactions and a set of user-specified business rules, each of which specifies a grouping of a subset of the records; and

identifying each record that is missing based on the absence of the record from one of the groupings.

7. A financial transactions control system for imposing controls on the processing of financial transactions comprising:

means for storing records relating to the financial transactions and a set of user-specified business rules, each of which specifies a grouping of a subset of the records; and

means for identifying each record that is missing based on the absence of the record from one of the groupings.