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GAAPx Score report

Lumen Ridge Software

Illustrative company: the numbers show how a report reads and are not a real company's results.
  • Industry: SaaS
  • Size: $20M to $100M ARR
  • Assessed: 2026-07-15

GAAPx Score

Self-assessed
GAAPx Score 79 out of 100, self-assessed, based on 9 of 9 areas79/100
4879
Score over time

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Area scores

  • Spend · Accounts payable7.2 / 10Most room to improve
  • Billing · Contract to cash8.0 / 10
  • RevRec · Revenue recognition7.6 / 10
  • Payroll · Payroll and benefits8.0 / 10
  • The Close · Month-end close9.2 / 10
  • Budget vs Actual · Budgeting and FP&A7.6 / 10
  • Cash Ops · Treasury and cash8.8 / 10
  • Controls · Internal controls7.2 / 10Most room to improve
  • Reporting · Financial reporting7.2 / 10Most room to improve

Workflow detail

Choose a workflowAP supplier invoice processing

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AP supplier invoice processing

AI oversight: Person signs off

  • Process steps

    14 steps to 8 steps

  • Cycle time

    13 days to 3 days

  • Exception loops

    5 loops to 1 loop

  • First-time-right rate

    22% to 68%

  • Cost per invoice

    $27 to $11

  • Process steps
    Down 6 steps (43% fewer)Lower is better: fewer touches between start and finishAim for: 6 steps or fewer
  • Cycle time
    Down 10 days (77% faster)Lower is better: work finishes in fewer daysAim for: 2 days or fewer
  • Exception loops
    Down 4 loops (80% fewer)Lower is better: fewer items sent back or re-checkedAim for: 0 loops
  • First-time-right rate
    Up 46 pointsHigher is better: more items finish right the first timeAim for: 85% or more
  • Cost per invoiceEstimated
    Down $16 (59% lower)Lower is better: less spent to finish each itemAim for: $8 or less

Use cases for this workflow

Pick the ones you want to work on.

  • Duplicate invoice detection

    Pause likely duplicates before posting by comparing supplier, amount, date and invoice number, including near matches such as reformatted numbers or resent PDFs.

    Moves:First-time-right rateException loopsCycle time
    LightReady to start
  • Invoice capture and field extraction

    Extract supplier, invoice number, dates, amounts, tax and line detail from PDF and e-mailed invoices into the AP system, with low-confidence fields sent to a person for review.

    Moves:Exception loopsCycle timeCost per invoice
    LightReady to start
  • Bank-detail-change fraud alert

    Flag supplier bank-detail changes and invoices carrying new or different bank details, using signals such as a recent change, an unusual country or a mismatch with the supplier record.

    Moves:First-time-right rateException loopsCycle time
    ModerateNeeds prep first
  • PO and receipt match exception triage

    Classify invoices that fail two- or three-way match (price, quantity, missing receipt) and route each to the right buyer or receiver with the likely cause, so exceptions are resolved rather than parked.

    Moves:Exception loopsFirst-time-right rateCycle time
    ModerateNeeds prep first
  • Pre-approval policy compliance check

    Check each invoice against spend policy before it reaches the approver (contract terms, PO requirement, split invoices below thresholds, restricted categories) and attach the findings for the approver.

    Moves:Exception loopsFirst-time-right rateCycle time
    ModerateNeeds prep first

My plan

Example plan. Changes are kept in this browser only.

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  1. 1Invoice capture and field extraction
  2. 2Duplicate invoice detection
  3. 3PO and receipt match exception triage

Get support

Choose how much help you want with your next step.

  • Do it yourself

    Who it's for
    Controllers with a capable team and a few spare hours a week.
    What you get
    Your GAAPx Score and the use cases that fit, so your team can decide what to do first and run it without waiting on anyone.
    • The use cases that fit your team, and what blocks the others
    • Your first steps
    • Checklists and templates, as they are being built

  • Get help

    Who it's for
    Teams that want a second pair of eyes while they do the work.
    What you get
    An experienced finance person works alongside your team.
    • We look at the evidence you share
    • Help choosing which use case to start with
    • Check-ins while your team does the work

  • We do it for you

    Who it's for
    Controllers whose team has no spare capacity right now.
    What you get
    We set up the use case with your team and hand over the written process.
    • We deliver the change, with your sign-off at each step
    • We look at the evidence you share, so your score reflects what is in place
    • A repeat GAAPx Score to track progress

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