System and method for revenue and expense realignment
First Claim
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1. A system for revenue and expense realignment comprising:
- a computer operatively interconnected with one or more transaction servers; and
a revenue and expense tracking system (RECAST) comprising;
a web accessible graphical user interface to allow a user to enter one or more rows of data mappings, the one or more rows of data mappings selected from a group consisting of;
a mapping type field, a fee type field, a received document type field, a received ledger field, a clearance ledger field, a revenue ledger field, and an accrual ledger field wherein the entered one or more rows of data mappings creating dynamically a set of user defined rules, andwherein the computer operatively interconnected to the one or more servers, executes a rules engine to;
(i) receive a set of inbound transactions, the inbound transaction utilizing a first transaction format,(ii) convert the set of inbound transactions into a uniform transaction format to enable realignment of any type of vendor format, the conversion occurring using the set of previously entered rows of data mappings,(iii) perform the set of user defined rules based operations on the converted set of inbound transactions to generate a set of outbound transactions in the uniform transaction format,(iv) convert the set of outbound transactions from the uniform transaction format into a plurality of different outbound transaction formats, and(v) post the converted outbound transactions to one or more services.
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Abstract
A system and method for revenue and expense realignment is provided. A revenue and expense realignment application (RECAST) comprising of a rules engine executing on a computer receives revenue and/or expense transactions. At predetermined time intervals, the RECAST executes a series of steps, each of which has one or more user defined rules associated therewith to transform inbound transactions. The transformed transactions are then posted to other applications including, for example, a general ledger.
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11 Claims
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1. A system for revenue and expense realignment comprising:
a computer operatively interconnected with one or more transaction servers; and a revenue and expense tracking system (RECAST) comprising; a web accessible graphical user interface to allow a user to enter one or more rows of data mappings, the one or more rows of data mappings selected from a group consisting of;
a mapping type field, a fee type field, a received document type field, a received ledger field, a clearance ledger field, a revenue ledger field, and an accrual ledger field wherein the entered one or more rows of data mappings creating dynamically a set of user defined rules, andwherein the computer operatively interconnected to the one or more servers, executes a rules engine to; (i) receive a set of inbound transactions, the inbound transaction utilizing a first transaction format, (ii) convert the set of inbound transactions into a uniform transaction format to enable realignment of any type of vendor format, the conversion occurring using the set of previously entered rows of data mappings, (iii) perform the set of user defined rules based operations on the converted set of inbound transactions to generate a set of outbound transactions in the uniform transaction format, (iv) convert the set of outbound transactions from the uniform transaction format into a plurality of different outbound transaction formats, and (v) post the converted outbound transactions to one or more services. - View Dependent Claims (2, 3, 4, 5, 6)
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7. A system for revenue and expense realignment executed by a computer;
- the system comprising;
means for entering, by a user on a web accessible graphical user interface, one or more rows of data mappings, the one or more rows of data mappings selected from a group consisting of;
a mapping type field, a fee type field, a received document type field;
a received ledger field, a clearance ledger field, a revenue ledger field, and an accrual ledger field wherein the entered one or more rows of data mappings creating dynamically a set of user defined rules;means for receiving a set of inbound transactions by a computer within a network operatively interconnected to one or more servers, the inbound transaction utilizing a first transaction format; means for converting the set of inbound transactions into a uniform transaction format to enable realignment of any type of vendor format, the conversion occurring using the set of previously entered rows of data mappings; means for performing the set of user defined rules based operations on the converted set of inbound transactions to generate a set of outbound transactions in the uniform transaction format; means for converting the set of outbound transactions from the uniform transaction format into a plurality of different outbound transaction formats; and means for posting the converted outbound transactions to one or more services. - View Dependent Claims (8, 9, 10, 11)
- the system comprising;
Specification