Patent ID: 8121911

Claim:
A computer program product for verifying financial data, the computer program product comprising a computer-readable storage medium having computer-readable program code portions stored therein, the computer-readable program code portions comprising: a first executable portion capable of providing a hierarchical list of users responsible for verification of at least a portion of the financial data, and wherein the hierarchical list defines relationships among the users; a second executable portion capable of automatically notifying at least one user, based upon the hierarchical list, to reconcile the financial data and for receiving a certification from the at least one user upon completion of the reconciliation, wherein said second executable portion is also capable of automatically notifying at least one user, based upon the hierarchical list, to approve the reconciled financial data once the certification of the completion of the reconciliation of the financial data is received, wherein said second executable portion is also capable of receiving an indication from the at least one user once the financial data is approved; and a third executable portion capable of recording any certification and approval of the financial data on the computer-readable storage medium, wherein said third executable portion is also capable of recording comments by at least one of the users performing one of the certification and approval and any user accessing the recordation of the certification and approval of the financial data.