Patent ID: 8868456
Filing Date: 2014-10-21
Classification: G06Q

Abstract:
1. A method for determining a measure of compliance of a financial control, comprising: obtaining, by a hardware processor, the financial control, the financial control associated with a revenue generation process, wherein the revenue generation process comprises at least one of: a sales management activity, a credit check processing activity, a contract generation activity, a service ordering activity, a service provisioning activity, a service billing activity, or a billing collections validation activity; selecting, by the hardware processor and in accordance with a regulation, a portion of sample data associated with the financial control, wherein the selecting further comprises: determining in accordance with the regulation a sample data schedule requirement associated with the financial control; determining in accordance with the regulation a sample data size requirement associated with the financial control; and selecting the portion of sample data according to the sample data schedule requirement and the sample data size requirement; generating, by the processor, a test result by testing the financial control using the portion of sample data; determining, by the hardware processor, a maturity level associated with the financial control according to the test result, the maturity level for determining the measure of compliance of the financial control with the regulation, wherein the measure comprises a scale-based rating for indicating a degree of compliance of the financial control with the regulation, wherein the regulation is a government requirement associated with the revenue generation process; identifying, by the hardware processor, a financial control modification in response to a determination that the maturity level is below a threshold, wherein the financial control modification comprises a modification to a financial control rule; and determining, by the hardware processor, a certification status associated with the revenue generation process, the certification status indicative of compliance of the revenue generation process with the regulation.