METHODS FOR RECONCILING TRANSACTIONS AND DEVICES THEREOF

摘要

A method for reconciling transactions iteratively by segregating data into homogeneous data sets. The method includes acquiring transactions from two or more systems and comparing with a set of configurable predefined matching rules. Applying, based on the result of the comparison, one or more rules on the acquired transactions. The transactions of the two or more systems are scanned and a user defined function is applied on the transactions of the two systems. A value of the user defined function is calculated. If the value of the user defined function is residual value, a configurable criteria is applied on the value of the user defined function. A residual transaction is created in one of the systems and the value of the user defined function is recalculated. If the value of the user defined function is null value, indicates the transactions are reconciled.

主权项

1. A method for reconciling transactions, the method comprising:
obtaining, by a transaction processing computing device and through a computer network, at least one transaction from each of at least two systems; applying, by the transaction processing computing device, at least one rule of a set of configurable matching rules, the at least one rule identified based on a comparison of one of the transactions to the set of configurable matching rules; determining, by the transaction processing computing device, a value of a user defined function based on an application of the user defined function to the transactions, wherein the value of the user defined function is one of a null value and a residual value; applying, by the transaction processing computing device, configurable criteria data to the value of the user defined function, creating a residual transaction in one of the systems, and recalculating another value of the user defined function, when the value of the user defined function is determined to be the residual value; and reconciling, by the transaction processing computing device, the transactions, when the value of the user defined function is determined to be the null value.