WO2024062459A1

WO2024062459A1 - Compliance document auto-generation

Info

Publication number: WO2024062459A1
Application number: PCT/IB2023/059421
Authority: WO
Inventors: Mee Yee Chan
Original assignee: Deeptranslate Limited
Priority date: 2022-09-23
Filing date: 2023-09-23
Publication date: 2024-03-28

Abstract

A computerized method and system for automatically generating a compliance document for filing on behalf of a registered entity. The method comprises receiving raw financial data describing operations of the registered entity as a first input. The method may further include receiving at least one previously-filed compliance report of the registered entity as a second input. In response to the first input and possibly the second input, the method may generate an interim output based on the first input and the second input while aided by a rule-based engine. The method may generate the interim output with interactive fields and/or formulas for entry by a user. The method further may examine or inspect the responses and the interim output for consistency, integrity and scope of the compliance document. The method may generate a compliance document as a function of the interim output and the responses.

Description

COMPLIANCE DOCUMENT AUTO-GENERATION

Field of the invention

[0001] Aspects of the invention generally relate to intelligent document generation. More specifically, embodiments of the invention relate to improved document creation.

Background

[0002] Companies, big or small, are required to submit information like an annual report to satisfy company registration, audit, tax reporting and other regulations and laws, or business assessment requirements for bank loans, investment or other purposes, around the world. These reporting requirements vary from country to country and can be very detailed. Companies may need to hire outside vendors, such as accountants or compliance companies, to assist with the filings with government or other report recipient, especially if an independent unbiased report is required.

[0003] These outside vendors typically ask the clients to provide prior year’s filings and current year’s financial data. After receiving such data, the vendor could then deduce the information and verify the accuracy before preparing the draft reports for client’s confirmation.

[0004] While these tasks are standard, each report is specific to the companies. Therefore, currently vendors require a few days, weeks or months of lead time and may still make undetected mistakes in the report. In particular, when a vast number of clients rush to seek vendors’ assistance shortly before the filing deadline, even the vendors could not catch all the errors or mistakes before filing. Therefore, a more efficient approach is necessary.

Summary of the invention

[0005] Aspects of the invention improve existing approaches by providing a computerized method and system for automatically generating a compliance document for filing on behalf of a registered entity. In one aspect, the technical effects of aspects of the invention aim to create a compliance document to comply with certain regulated formats and contents. In another aspect, the technical solutions of the invention transform a computer via computer-executable instructions to more efficiently process raw financial data describing operations of the registered entity as a first input. In one embodiment, the method may further include receiving at least one previously-filed compliance report of the registered entity as a second input. In a further aspect, in response to the first input and the second input, embodiments of the invention may generate an interim output based on a rule-based engine. In one aspect, the interim output may be appended or linked to the raw financial data. In a further embodiment, the method may generate the interim output with interactive fields for entry by a user. In another embodiment, the method may generate the interim output containing formulas generated by the rule-based engine that are linked to the raw financial data for amendment, by the user or a user on behalf of the registered entity.

[0006] In yet another embodiment, the method may further include receiving responses from the user to the interactive fields or formulas of the interim output. In one aspect, the responses may include a verification of the interim output as whole. In another embodiment, the responses may include further changes or amendments. In one aspect, a further verification step may be repeated once responses from the user are resolved or when the user is ready to move on or continue with the final compliance document despite the outstanding issues detected, some being false alarms. In another embodiment, the method further may perform examinations or inspections on the responses and the interim output for consistency and integrity. In yet another embodiment, the method may generate a final compliance document as a function of the interim outputs.

[0007] In a further embodiment, a computerized system may include a processor configured to execute computer-executable instructions for automatic generating a compliance document for filing on behalf of a registered entity embodying the methods discussed above.

Brief description of the drawings

[0008] Persons of ordinary skill in the art may appreciate that elements in the figures are illustrated for simplicity and clarity so not all connections and options have been shown. For example, common but well-understood elements that are useful or necessary in a commercially feasible embodiment may often not be depicted in order to facilitate a less obstructed view of these various embodiments of the present disclosure. It may be further appreciated that certain actions and/or steps may be described or depicted in a particular order of occurrence while those skilled in the art may understand that such specificity with respect to sequence is not actually required. It may also be understood that the terms and expressions used herein may be defined with respect to their corresponding respective areas of inquiry and study except where specific meanings have otherwise been set forth herein.

[0009] FIG. 1 is a diagram illustrating a system for generating a compliance document according to one embodiment.

[0010] FIG. 2 is a flow chart illustrating a computerized method for generating a compliance document according to one embodiment.

[0011] FIG. 3 is a diagram illustrating a portable computing device according to one embodiment.

[0012] FIG. 4 is a diagram illustrating a computing device according to one embodiment.

[0013] FIGS. 5-10 are exemplary graphical user interface (GUI) according to one embodiment.

Detailed Description

[0014] Embodiments may now be described more fully with reference to the accompanying drawings, which form a part hereof, and which show, by way of illustration, specific exemplary embodiments which may be practiced. These illustrations and exemplary embodiments may be presented with the understanding that the present disclosure is an exemplification of the principles of one or more embodiments and may not be intended to limit any one of the embodiments illustrated. Embodiments may be embodied in many different forms and should not be construed as limited to the embodiments set forth herein; rather, these embodiments are provided so that this disclosure may be thorough and complete, and may fully convey the scope of embodiments to those skilled in the art. Among other things, the present invention may be embodied as methods, systems, computer readable media, apparatuses, or devices. Accordingly, the present invention may take the form of an entirely hardware embodiment, an entirely software embodiment, or an embodiment combining software and hardware aspects with network aspects. The following detailed description may, therefore, not to be taken in a limiting sense.

[0015] Referring now to FIG. 1 , a block diagram illustrates a system 100 for generating a compliance document according to one embodiment. In one embodiment, the system 100 may be one of the computing devices as shown in FIGS. 3 and 4. For example, the system 100 may include a processor, such as the processor 805 or 1000. In one embodiment, the processor may execute computerexecutable instructions for generating a compliance document 124. In one aspect, a user 118, may be a company or a registered entity’s representative who is tasked to prepare and file the compliance document with the government or other report recipient. In one example, the compliance document 124 may be one individual document or a set of documents. In another example, the compliance document 124 may be a document to be submitted to a government or other report recipient as part of a compliance report, such as an annual report with financial data and corporate information with or without its translation. In one aspect, the corporate information may include corporate address, corporate directors, the date of incorporation, names of the director, or the like. Rather than generating or composing the compliance document 124 by the user 118, the user 118 may ask for assistance from a vendor who has the system 100 that may quickly and accurately generate the compliance document 124 for the user 118.

[0016] Before generating the compliance document 124, the processor may execute an input module 102 to receive raw financial data as a first input 104. In one embodiment, the raw financial data may include financial data for operating a registered entity, such as account receivable, account payable, capital expenditures, liabilities, etc. In one embodiment, the first input 104 may comprise a spreadsheet document sent to the input module 102. In another embodiment, the input module 102 may further receive a second input 106 from the user 118. In one aspect, the second input 106 may be a document, such as a formatted document. In one example, the formatted document may be a document in a portable document format (PDF), whether the document may be searchable or an image-based document. In another embodiment, the second input 106 may be an XML document with data in a mark-up language format. In yet another embodiment, the first input 104 and the second input 106 may be unstructured data. It is to be understood that other formats may be used without departing from the scope and spirit of the invention.

[0017] In another embodiment, the input module 102 may further include a set of graphical user interface (GUI) to receive the first input 104 and the second input 106. In one aspect, the GUI may be part of a website or a portal presenting to the client. In another example, the GUI may be presented as part of an application for a mobile device. In yet another embodiment, the GUI may be a frontend server that may interact with the user 118 to have the first input 104 and the second input 106 received.

[0018] Once the input module 102 receives the first input 104 and the second input 106, the input module 102 may send the received documents to an analysis module 110 for further processing. In another embodiment, the analysis module 110 may parse and extract data from the first input 104 and the second input 106 to produce an interim output 126. In one example, the analysis module 110 may analyze the received raw financial data for errors, inconsistencies and discrepancies. In one example, the analysis module 110 may also receive external information source 108. For example, the external information source 108 may include information from web pages and websites. In another embodiment, the analysis module 110 may connect to a rule-based engine 112. In one example, the rulebased engine 112 may include a collection of rules or regulations for aiding the analysis module 110 to process the first input 104 and the second input 106. In another embodiment, the analysis module 110 may execute algorithms to retrieve rules or regulations from the rule-based engine 112 as a function of the parsed data from the first input 104 and the second input 106. In another embodiment, the rulebased engine 112 may inject codes to the analysis module 110 to extract necessary rules or regulations in real-time or substantial real-time to process the first input 104 and the second input 106. In yet another embodiment, the interim output 126 may be one or more tabs in the spreadsheet document and may be automatically sent to the user 118.

[0019] In a further embodiment, the rule-based engine 112 may include a collection of subroutines for aiding the analysis module 110. For example, the rulebased engine 112 may include a set of rules directed to a compliance document for a Hong Kong registered entity. In another example, the rule-based engine 112 may include another set of rules directed to a compliance document in other countries or other regions.

[0020] In yet another embodiment, the analysis module 110 may include artificial intelligence (Al) capabilities. For example, the analysis module 110 may include machine learning (ML) algorithms to build a model based on sample data, such as training data, to make predictions or decisions without being explicitly programmed to do so. In another embodiment, the analysis module 110 may use the first input 104 and the second input 106 as training data to more efficiently identify the contents, forms, and style included in the first input 104 and the second input 106. In another embodiment, the system 100 may include a country or region dedicated GUI with the input model 102. As such, a specific country or region ML algorithms may be used for the specific country or region. In a further embodiment, the different country or region ML algorithms may further cross-reference with one another to identify common errors or issues.

[0021] In one example, the generated interim output 126 may include a document or a set of documents processed by the analysis module 110 as a function of the first input 104, the second input 106, the external information source, and/or the rule-based engine 112. In a further embodiment, the interim output 126 may include one or more interactive fields 114, formulas 116, comments, information, or the like. For example, the one or more interactive fields 114 may enable the user 118 to edit, inclusion, removal, or correct the contents derived from the first input 104 and the second input 106. In another embodiment, interactive fields 114 may include information, such as directors’ names, addresses, contents or scope of contents, extracted from the first input 104 and second input 106. In yet another embodiment, the formulas 116 may include formulas based on the raw financial data. The formulas 116 may include parameters or variables parsed or extracted from the first input 104 and the second input 106. As such, the user 118 may edit or amend the formulas and information.

[0022] In yet another embodiment, the user 118 and the analysis module 110 may recursively interact with the user as part of a verification process. For example, after reviewing the one or more interactive fields 114 or the formulas 116 in the interim output 126, the user 118 may provide responses. However, aspects of the invention do not end there. Instead, the analysis module 110 may further analyze the responses and may provide an updated interim output in response to the responses from the user 118. This process may continue a few reiterations until the user 118 is satisfied with the interim output 126 where no more edits need to be made to the one or more interactive fields 114 or the formulas 116. In one aspect, this verification step may be dependent on the responses from the user 118. In yet another aspect, the ML algorithms embodied in the present application may learn from these reiterations and improve/modify the one or more interactive fields 114 or the formulas 116 over time.

[0023] In a further embodiment, the system 100 may include a report engine 122 for receiving the responses from the user 118 in response to the interactive fields 114 and/or the formulas 116. In one example, the report engine 122 may process or examine the responses in real-time or substantially real-time. In another example, the report engine 122 may process or examine the responses and generate a summary before communicating to the user 118. In yet another embodiment, the report engine 122 may further connect or is accessible to a compliance rule database 120 as part of the processing of the interim output 126.

[0024] In one aspect, a further verification step may be repeated once responses from the user are resolved or when the user is ready to move on or continue with the final compliance document despite the outstanding issues detected, some being false alarms.

[0025] Lastly, the report engine 122 may generate the compliance document 124 for the user 118 for final submission to the necessary government agency or other report recipient.

[0026] In yet another embodiment, the analysis module 110 may incorporate the rule-based engine 112 as part of the analysis module 110 as an integrated unit, instead of seen as a separate entity in FIG. 1 .

[0027] After the processing, the interim output 126 may be generated.

[0028] Referring now to FIG. 2, a flow chart illustrating a computerized method for generating a compliance document according to one embodiment. In one example, the method may include at 202 receiving raw financial data describing operations of the registered entity as a first input. In another example, at 204, the method may further include receiving at least one previously-filed compliance report of the registered entity as a second input. At 206, the method may include, in response to the first input and the second input, generating an interim output based on a rule-based engine. In one aspect, the interim output is appended or linked to the raw financial data and the interim output comprises interactive fields for entry, or containing formulas generated by the rule-based engine that are linked to the raw financial data for amendment, by a user or user on behalf of the registered entity. In one aspect, at 208, the method may further include receiving responses from the user to the interactive fields of the interim output. In another example, the responses comprise a verification of the interim output. At 210, the method may further examine the responses and the interim output for consistency. At 212, the method may further generate the compliance document or a set of compliance documents as a function of the interim output.

[0029] FIG. 3 may be a high-level illustration of a portable computing device 801 communicating with a remote computing device 841 in FIG. 4 but the application may be stored and accessed in a variety of ways. In addition, the application may be obtained in a variety of ways such as from an app store, from a web site, from a store Wi-Fi system, etc. There may be various versions of the application to take advantage of the benefits of different computing devices, different languages and different API platforms.

[0030] In one embodiment, the portable computing device 801 or the remote computing device 841 may incorporate one or more features or aspects of the invention. In one embodiment, the portable computing device 801 may be a mobile device 108 that operates using a portable power source 855 such as a battery. The portable computing device 801 may also have a display 802 which may or may not be a touch sensitive display. More specifically, the display 802 may have a capacitance sensor, for example, that may be used to provide input data to the portable computing device 801. In other embodiments, an input pad 804 such as arrows, scroll wheels, keyboards, etc., may be used to provide inputs to the portable computing device 801. In addition, the portable computing device 801 may have a microphone 806 which may accept and store verbal data, a camera 808 to accept images and a speaker 810 to communicate sounds.

[0031] The portable computing device 801 may be able to communicate with a computing device 841 or a plurality of computing devices 841 that make up a cloud of computing devices 811 . The portable computing device 801 may be able to communicate in a variety of ways. In some embodiments, the communication may be through local area or wide area network, and wired such as through an Ethernet cable, a USB cable or RJ6 cable. In other embodiments, the communication may be wireless such as through Wi-Fi® (802.11 standard), BLUETOOTH, cellular communication or near field communication devices. The communication may be direct to the computing device 841 or may be through a communication network such as cellular service, through the Internet, through a private network, through BLUETOOTH, etc., via a network or communication module 880.

[0032] FIG. 3 may be a sample portable computing device 801 that is physically configured according to be part of the system. The portable computing device 801 may have a processor 850 that is physically configured according to computer executable instructions. It may have a portable power supply 855 such as a battery which may be rechargeable. It may also have a sound and video module 860 which assists in displaying video and sound and may turn off when not in use to conserve power and battery life. The portable computing device 801 may also have non-volatile memory 870 and volatile memory 865. The network or communication module 880 may have GPS, BLUETOOTH, NFC, cellular or other communication capabilities. In one embodiment, some or all of the network or communication capabilities may be separate circuits or may be part of the processor 850. There also may be an input/output bus 875 that shuttles data to and from the various user input devices such as the microphone 806, the camera 808 and other inputs, such as the input pad 804, the display 802, and the speakers 810, etc. It also may control communicating with the networks, either through wireless or wired devices. Of course, this is just one embodiment of the portable computing device 801 and the number and types of portable computing devices 801 is limited only by the imagination.

[0033] As a result of the system, better information may be provided to a user at a point of sale. The information may be user specific and may be required to be over a threshold of relevance. As a result, users may make better informed decisions. The system is more than just speeding a process but uses a computing system to achieve a better outcome.

[0034] The physical elements that make up the remote computing device 841 may be further illustrated in FIG. 4. At a high level, the computing device 841 may include a digital storage such as a magnetic disk, an optical disk, flash storage, nonvolatile storage, etc. Structured data may be stored in the digital storage such as in a database. The server 841 may have a processor 1000 that is physically configured according to computer executable instructions. It may also have a sound and video module 1005 which assists in displaying video and sound and may turn off when not in use to conserve power and battery life. The server 841 may also have volatile memory 1010 and non-volatile memory 1015.

[0035] The database 1025 may be stored in the memory 1010 or 1015 or may be separate. The database 1025 may also be part of a cloud of computing device 841 and may be stored centrally or in a distributed manner across a plurality of computing devices 841 . There also may be an input/output bus 1020 that shuttles data to and from the various user input devices such as the microphone 806, the camera 808, the inputs such as the input pad 804, the display 802, and the speakers 810, etc. The input/output bus 1020 may also connect to similar devices of the microphone 806, the camera 808, the inputs such as the input pad 804, the display 802, and the speakers 810, or other peripheral devices, etc. The input/output bus 1020 also may interface with a network or communication module 1030 to control communicating with other devices or computer networks, either through wireless or wired devices. In some embodiments, the application may be on the local computing device 801 and in other embodiments, the application may be remote 841. Of course, this is just one embodiment of the server 841 and the number and types of portable computing devices 841 is limited only by the imagination.

[0036] The user devices, computers and servers described herein (e.g., 801 or 841 ) may be computers that may have, among other elements, a microprocessor (such as from the Intel® Corporation, AMD®, ARM®, Qualcomm®, or MediaTek®); volatile and non-volatile memory; one or more mass storage devices (e.g., a hard drive); various user input devices, such as a mouse, a keyboard, or a microphone; and a video display system. The user devices, computers and servers described herein may be running on any one of many operating systems including, but not limited to WINDOWS®, UNIX®, LINUX®, MAC® OS®, iOS®, or Android®. It is contemplated, however, that any suitable operating system may be used for the present invention. The servers may be a cluster of web servers, which may each be LINUX® based and supported by a load balancer that decides which of the cluster of web servers should process a request based upon the current request-load of the available server(s).

[0037] The user devices, computers and servers described herein may communicate via networks, including the Internet, wide area network (WAN), local area network (LAN), Wi-Fi®, other computer networks (now known or invented in the future), and/or any combination of the foregoing. It should be understood by those of ordinary skill in the art having the present specification, drawings, and claims before them that networks may connect the various components over any combination of wired and wireless conduits, including copper, fiber optic, microwaves, and other forms of radio frequency, electrical and/or optical communication techniques. It should also be understood that any network may be connected to any other network in a different manner. The interconnections between computers and servers in system are examples. Any device described herein may communicate with any other device via one or more networks.

[0038] The exemplary embodiments may include additional devices and networks beyond those shown. Further, the functionality described as being performed by one device may be distributed and performed by two or more devices. Multiple devices may also be combined into a single device, which may perform the functionality of the combined devices.

[0039] The various participants and elements described herein may operate one or more computer apparatuses to facilitate the functions described herein. Any of the elements in the above-described Figures, including any servers, user devices, communication networks or databases, may use any suitable number of subsystems to facilitate the functions described herein.

[0040] Any of the software components or functions described in this application, may be implemented as software code or computer readable instructions that may be executed by at least one processor using any suitable computer language such as, for example, python, Java, C++, or Perl using, for example, conventional or object-oriented techniques.

[0041] The software code may be stored as a series of instructions or commands on a non-transitory computer readable medium, such as a random access memory (RAM), a read only memory (ROM), a magnetic medium such as a hard-drive or a floppy disk, or an optical medium such as a CD-ROM. Any such computer readable medium may reside on or within a single computational apparatus and may be present on or within different computational apparatuses within a system or network.

[0042] Referring now to FIGS. 5-10, exemplary GUIs are illustrated according to one embodiment. In one embodiment, FIG. 5 may include a step-by-step progress guide 502 showing to the user (e.g., user 118) as the user progresses. In one example, aspects of the invention may provide about 7 steps or milestones according to one embodiment. It is to be understood that other number of steps may be implemented without departing from the scope and spirit of the invention.

[0043] In one aspect, FIG. 5 may illustrate the first step. In this example, the GUI 500 may include one or more fields as shown in 504. In this example, the fields may include name of the company or the entity, reporting period, reporting currency, agency or auditor name, number of accounts, previous reporting period and/or name of previous auditor (optional). In a further embodiment, the company (e.g., through the user 118) may first register an account with the system according to one embodiment. As such, the user 118 may have already entered some information as part of the account set up or registration process. In such an example, some of the fields 504 may be automatically filled as a function of the information already received as part of the account registration process. This would further eliminate or streamline the overall process in one embodiment. Once completed, the user 118 may select a button 506 NEXT to move to the next step or FIG. 6.

[0044] In one aspect, the FIG. 5 may include fields 504 (not shown) that may receive raw financial data, such as the first input 104.

[0045] Referring now to FIG. 6, the user may be invited to proceed to the next step, as shown in a GUI 600. The user may easily identify the stage according to a progress guide 602. In this particular step, the user may upload the company’s previous year’s report or annual financial statement. In one aspect, the GUI 600 may provide a zone or an area 608 for the user to “drag-n-drop” (e.g., upload or transmit) the previous year’s report. In another embodiment, the GUI 600 may further indicate the types of files that may be accepted. In another embodiment, the uploaded document may be related to director’s report of the previous year. Once uploaded, the GUI 600 may indicate that the file upload is completed. The user may next proceed to the next step by selecting a “NEXT” button 606 or a “BACK” button to return to the previous step. In response, the system 100 may process the uploaded document by extracting information from the uploaded document.

[0046] Referring now to FIG. 7, in one embodiment, a GUI 700 may present a set of notes for the user 118 to select so that these may appear on the compliance document. For example, the GUI 700 may indicate a progress guide 702 showing the current status or progress. The GUI 700 may present a list of options 710 permitting the user to select. In one aspect, the list may be non-exhaustive from what’s shown in FIG. 7. In one example, the list 710 may include a selection box for the user to interact with the list. Once selected, the GUI 700 may include a set of controls 714 to enable the user to move the selected option in the list 710 to another area 712 of selected options that will appear in the report (e.g., compliance document). In a further embodiment, the GUI 700 may also include one or more buttons, such as a back button 704, a next button 706 and another button skip to 6 button 708. In one example, the skip to 6 button 708 may enable to the user to skip to step 6 without the other intervening steps.

[0047] Referring now to FIG. 8, a GUI 800 may further illustrate a progress guide 802 and a drop area 808 for the user to “drag-n-drop” (e.g., upload or transmit) a working file (also known as working papers “WP” file) or the first input. In one example, the GUI 800 may also include notes or information informing about the file requirement, such as spreadsheet file, etc. In one example, the GUI 800 may also include a back button 804 and a next button 806.

[0048] Referring now to FIG. 9, the user may further proceed from FIG. 8 to FIG. 9, wherein a GUI 900 may present to the user with a progress guide 902. In another embodiment, the GUI 900 may provide a drop area 808 for the user to “drag- n-drop” or upload a response to the interim output or the intermediate file. According to the progress guide 502, 602, 702 and 802, the fifth step may be “Generate intermediate file,” which may coincide with the generation of the interim output discussed above. The interim output or the intermediate report may be downloaded as 910.

[0049] In one aspect, the response, as discussed above, may edit, remove, or add data in the interim output or the intermediate file 910. In one embodiment, the GUI 900 may indicate the type of files to be uploaded. In one example, the GUI 800 may also include a back button 904 and a next button 906. After the user is satisfied with the responses, the user may then “drag-n-drop” the edited interim output or the intermediate report to the area 908.

[0050] FIG. 10 further may illustrate a GUI 1000 showing a progress guide

1002. In one embodiment, at the displaying of the GUI 1000, the final report or the compliance document 124 may be generated and made available to the user. In one aspect, the GUI 1000 may have the report downloaded as 1004 for the user.

[0051] In another embodiment, the system 100 may, with the user permission, file the report 1004 with the necessary government authority.

[0052] It may be understood that the present invention as described above may be implemented in the form of control logic using computer software in a modular or integrated manner. Based on the disclosure and teachings provided herein, a person of ordinary skill in the art may know and appreciate other ways and/or methods to implement the present invention using hardware, software, or a combination of hardware and software.

[0053] The above description is illustrative and is not restrictive. Many variations of embodiments may become apparent to those skilled in the art upon review of the disclosure. The scope embodiments should, therefore, be determined not with reference to the above description, but instead should be determined with reference to the pending claims along with their full scope or equivalents.

[0054] One or more features from any embodiment may be combined with one or more features of any other embodiment without departing from the scope embodiments. A recitation of "a", "an" or "the" is intended to mean "one or more" unless specifically indicated to the contrary. Recitation of "and/or" is intended to represent the most inclusive sense of the term unless specifically indicated to the contrary.

[0055] One or more of the elements of the present system may be claimed as means for accomplishing a particular function. Where such means-plus-function elements are used to describe certain elements of a claimed system it may be understood by those of ordinary skill in the art having the present specification, figures and claims before them, that the corresponding structure includes a computer, processor, or microprocessor (as the case may be) programmed to perform the particularly recited function using functionality found in a computer after special programming and/or by implementing one or more algorithms to achieve the recited functionality as recited in the claims or steps described above. As would be understood by those of ordinary skill in the art that algorithm may be expressed within this disclosure as a mathematical formula, a flow chart, a narrative, and/or in any other manner that provides sufficient structure for those of ordinary skill in the art to implement the recited process and its equivalents.

[0056] While the present disclosure may be embodied in many different forms, the drawings and discussion are presented with the understanding that the present disclosure is an exemplification of the principles of one or more inventions and is not intended to limit any one embodiments to the embodiments illustrated.

[0057] The present disclosure provides a solution to the long-felt need described above. In particular, aspects of the invention provide an automated processing and generation a compliance document for filing on behalf of a registered entity, wherein the compliance document complies with government or other report recipient regulated formats and contents.

[0058] Further advantages and modifications of the above-described system and method may readily occur to those skilled in the art.

[0059] The disclosure, in its broader aspects, is therefore not limited to the specific details, representative system and methods, and illustrative examples shown and described above. Various modifications and variations may be made to the above specification without departing from the scope or spirit of the present disclosure, and it is intended that the present disclosure covers all such modifications and variations provided they come within the scope of the following claims and their equivalents.

Claims

What is claimed is:

1 . A computerized method for automatic generating a compliance document for filing on behalf of a registered entity, wherein the compliance document complies with government regulated formats and contents, or requirements of other report recipients, comprising: receiving raw financial data describing operations of the registered entity as a first input; receiving at least one previously-filed compliance report of the registered entity as a second input; in response to the first input and the second input, if any, generating an interim output based on a rule-based engine, wherein the interim output is appended or linked to the raw financial data, wherein the interim output comprises interactive fields for edits, or containing formulas generated by the rule-based engine that are linked to the raw financial data for edits, by a user or user on behalf of the registered entity; receiving responses from the user to the interactive fields of the interim output, wherein the responses comprise a verification of the interim output; examining the responses and the interim output for consistency; and generating the compliance document as a function of the interim output.

2. The computerized method of claim 1 , wherein the raw financial data comprises data in a spreadsheet document.

3. The computerized method of claim 1 , further comprising analyzing the received raw financial data for errors.

4. The computerized method of claim 1 , wherein the interim output comprises one or more tabs in the spreadsheet document.

5. The computerized method of claim 1 , wherein receiving the raw financial data comprises receiving the raw financial data via a web interactive platform from the user.

6. The computerized method of claim 1 , wherein generating the compliance document further comprising retrieving compliance data from a database before generating the compliance document.

7. The computerized method of claim 1 , wherein the compliance document comprises a report of the directors and a financial statement or an annual report for the registered entity.

8. The computerized method of claim 1 , wherein the previously-filed compliance report comprises a report of the directors and a financial statement or an annual report for a prior year filed by the registered entity.

9. A computerized system for automatic generating a compliance document for filing on behalf of a registered entity, wherein the compliance document complies with government regulated formats and contents, or requirements of other report recipients, comprising: a server configured for executing computer-executable instructions embodied in one or more of the following computer-executable components: an input module receiving raw financial data describing operations of the registered entity as a first input, wherein the first input is accessible by the server; receiving at least one previously-filed compliance report of the registered entity as a second input, if any, wherein the second input is accessible by the server; in response to receiving the first input and the second input, from the input module, an analysis module, aided by a rule-based engine, for generating an interim output based on the first input and the second input, wherein the interim output is appended or linked to the raw financial data, wherein the interim output comprises interactive fields for edits or formulas generated by the rule-based engine that are linked to the raw financial data for edits by a user on behalf of the registered entity; receiving responses from the user to the interactive fields or the formulas of the interim output by a report module, wherein the responses comprise a verification of the interim output; examining the responses and the interim output for consistency and integrity by the report module; and wherein the report module is configured to generate the compliance document as a function of the interim output and the responses.

10. The computerized system of claim 9, wherein the raw financial data comprises data in a spreadsheet document.

11 . The computerized system of claim 9, wherein the input module is configured to analyze the received raw financial data for errors.

12. The computerized system of claim 9, wherein the interim output comprises one or more tabs in the spreadsheet document.

13. The computerized system of claim 9, wherein receiving the raw financial data comprises receiving the raw financial data via a web interactive platform from the user.

14. The computerized system of claim 9, wherein the report module is configured to retrieve compliance data from a database before generating the compliance document.

15. The computerized system of claim 9, wherein the compliance document comprises a report of the directors and a financial statement or an annual report for the registered entity.

16. The computerized system of claim 9, wherein the previously-filed compliance report comprises a report of the directors and a financial statement or an annual report for a prior year filed by the registered entity.

17. The computerized system of claim 9, wherein the analysis module is configured to verify the responses from the user recursively until a final verification is received from the user.

18. A tangible and non-transitory computer-readable medium having stored thereon computer-executable instructions executable by a processor, wherein the computer- executable instructions is configured for automatic generating a compliance document for filing on behalf of a registered entity, wherein the compliance document complies with government regulated formats and contents, or requirements of other report recipients, wherein the computer-executable instructions comprising: receiving raw financial data describing operations of the registered entity as a first input; receiving at least one previously-filed compliance report of the registered entity as a second input; in response to the first input and the second input, generating an interim output based on a rule-based engine, wherein the interim output is appended or linked to the raw financial data, wherein the interim output comprises interactive fields for edits, or containing formulas generated by the rule-based engine that are linked to the raw financial data for amendment, by a user or user on behalf of the registered entity; receiving responses from the user to the interactive fields of the interim output, wherein the responses comprise a verification of the interim output; examining the responses and the interim output for consistency; and generating the compliance document as a function of the interim output.

19. The tangible and non-transitory computer-readable medium of claim 18, further comprising analyzing the received raw financial data and extracting information for errors.

20. The tangible and non-transitory computer-readable medium of claim 18, further verifying the responses, in response to the interim outputs, from the user and generating updated interim outputs recursively until a final verification is received from the user.