Method for controlling an accounting process for financial instruments

US10657605B2 · kind B2 · utility

Assignee

• SAP SE · DE

Inventors

• Markus Fenn · Mannheim, DE
• Mathias Vahle · Mannheim, DE
• Lothar Muessler · Wiesloch, DE
• Matthias Schauer · Wiesloch, DE
• Frank Raebiger · Bammental, DE

Key dates

• Filing date: Nov 22, 2016
• Grant date: May 19, 2020
• Expiry date: Apr 26, 2038

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/12
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Described herein is a framework for controlling an accounting process for financial instruments. In accordance with one aspect of the framework, information associated with a financial instrument is received. Receiving the information includes creating a corresponding entry in a worklist. The received information is registered. A work package of relevant accounting steps is derived based on the registered information. A plurality of dates having an open status is determined. The dates indicate when the relevant accounting steps are to be executed. The relevant accounting steps are executed according to the determined dates.