Lumen Ridge Software

Questions and answers

GAAPx Score79/ 100GAAPx Score #3, 2026-07-15

Example answers for an example company. They show how a report reads.

Spend · Accounts payable

7.2 / 10

Supplier invoices, card spend and expenses checked, approved and paid on time.

Question 1. From the day an invoice arrives to the day it is paid, how many steps does it go through?

8 or fewerBand 5
9 to 11Band 4Selected
12 to 14Band 3
15 to 18Band 2
More than 18Band 1

Question 2. How often does an invoice go back to an earlier step or get redone?

Almost none (none, or 1 in 10)Band 5
A couple (2 in 10)Band 4Selected
About a third (3 in 10)Band 3
Close to half (4 to 5 in 10)Band 2
More than half (more than 5 in 10)Band 1

Question 3. How many people or teams touch an invoice before it is paid?

2 or fewerBand 5
3Band 4Selected
4Band 3
5Band 2
6 or moreBand 1

Question 4. How many days does an invoice sit waiting between steps?

1 day or less (same or next day)Band 5
2 daysBand 4
3 to 4 days (about half a week)Band 3Selected
5 to 7 days (about a week)Band 2
More than 7 days (over a week)Band 1

Question 5. Where do invoices get stuck, and why? Tell us in your own words.

Optional comment

Most invoices match automatically now. Odd cases still wait on one approver.

Billing · Contract to cash

8.0 / 10

Accurate invoices out, payments collected and matched to the right invoice.

Question 1. From a signed contract to cash applied, how many steps does the work go through?

8 or fewerBand 5Selected
9 to 10Band 4
11 to 13Band 3
14 to 17Band 2
More than 17Band 1

Question 2. How often does an invoice go back to an earlier step or get redone?

Almost none (none, or 1 in 10)Band 5
A couple (2 in 10)Band 4Selected
About a third (3 in 10)Band 3
Close to half (4 to 5 in 10)Band 2
More than half (more than 5 in 10)Band 1

Question 3. How many people or teams touch a contract from signature to cash received?

2 or fewerBand 5
3Band 4
4Band 3Selected
5Band 2
6 or moreBand 1

Question 4. How many days does the work sit waiting between steps?

1 day or less (same or next day)Band 5
2 daysBand 4Selected
3 to 4 days (about half a week)Band 3
5 to 8 days (about a week)Band 2
More than 8 days (over a week)Band 1

Question 5. Where does the work get stuck between a signed contract and cash in the bank? Tell us in your own words.

Optional comment

Cash is applied the same day for most customers. A few large payments need a manual look.

RevRec · Revenue recognition

7.6 / 10

Revenue booked in the right period and amount, with support ready for the auditor.

Question 1. From a signed contract to revenue recorded with its support filed, how many steps does the work go through?

6 or fewerBand 5
7 to 9Band 4Selected
10 to 12Band 3
13 to 16Band 2
More than 16Band 1

Question 2. How often does the revenue treatment of a contract get corrected or redone?

Almost none (none, or 1 in 10)Band 5
A couple (2 in 10)Band 4Selected
About a third (3 in 10)Band 3
Close to half (4 to 5 in 10)Band 2
More than half (more than 5 in 10)Band 1

Question 3. How many people or teams touch a contract before its revenue is recorded?

2 or fewerBand 5
3Band 4
4Band 3Selected
5Band 2
6 or moreBand 1

Question 4. How many days does a contract wait before its revenue treatment is settled?

2 days or less (a couple of days)Band 5
3 to 4 days (about half a week)Band 4Selected
5 to 8 days (about a week)Band 3
9 to 14 days (one to two weeks)Band 2
More than 14 days (over two weeks)Band 1

Question 5. Where does revenue recognition get stuck or keep you up at quarter-end? Tell us in your own words.

Optional comment

Standard contracts flow through by rule. Unusual deals still wait on the controller.

Payroll · Payroll and benefits

8.0 / 10

Paying people correctly and on time, with the journal ready for the close.

Question 1. From the end of the pay period to the payroll journal posted in the books, how many steps does one pay run go through?

6 or fewerBand 5
7 to 9Band 4Selected
10 to 13Band 3
14 to 18Band 2
More than 18Band 1

Question 2. How often does a pay run or a change need to be corrected or redone?

Almost none (none, or 1 in 10)Band 5
A couple (2 in 10)Band 4Selected
About a third (3 in 10)Band 3
Close to half (4 to 5 in 10)Band 2
More than half (more than 5 in 10)Band 1

Question 3. How many people or teams touch one pay run, including approvals for new starters, pay changes and bank detail changes?

3 or fewerBand 5
4Band 4Selected
5 to 6Band 3
7 to 8Band 2
More than 8Band 1

Question 4. How many days does payroll sit waiting before its journal is in the close?

1 day or lessBand 5
2 daysBand 4Selected
3 to 4 daysBand 3
5 to 7 daysBand 2
More than 7 daysBand 1

Question 5. Where does the work get stuck in payroll and benefits? Tell us in your own words.

Optional comment

Approved changes flow to payroll without re-keying. The payroll account reconciles on a schedule.

The Close · Month-end close

9.2 / 10

Closing the books: accruals in, accounts reconciled, period signed off.

Question 1. From the end of the period to signed-off reports, how many steps does your close go through?

8 or fewerBand 5Selected
9 to 12Band 4
13 to 16Band 3
17 to 22Band 2
More than 22Band 1

Question 2. In a normal close, how many items get reopened or redone?

Almost none (none, or 1 item)Band 5Selected
A few (2 to 3 items)Band 4
Several (4 to 6 items)Band 3
Many (7 to 10 items)Band 2
A lot (more than 10 items)Band 1

Question 3. How many people or teams touch your close?

3 or fewerBand 5Selected
4 to 5Band 4
6 to 7Band 3
8 to 10Band 2
More than 10Band 1

Question 4. How many days does the close sit waiting between tasks?

2 days or less (a couple of days)Band 5
3 to 4 days (about half a week)Band 4Selected
5 to 8 days (about a week)Band 3
9 to 14 days (one to two weeks)Band 2
More than 14 days (over two weeks)Band 1

Question 5. Where does the work get stuck during the close? Tell us in your own words.

Optional comment

The close runs on a clear calendar. One reconciliation still needs a second reviewer.

Budget vs Actual · Budgeting and FP&A

7.6 / 10

Budgets and forecasts built, kept current and checked against what actually happened.

Question 1. From the first request to a finished budget, forecast or variance report, how many steps does one cycle go through?

8 or fewerBand 5
9 to 12Band 4Selected
13 to 16Band 3
17 to 22Band 2
More than 22Band 1

Question 2. In one cycle, how many times does the work go back for another round?

Almost none (none, or 1 time)Band 5
A couple (2 times)Band 4Selected
A few (3 to 4 times)Band 3
Many (5 to 6 times)Band 2
A lot (more than 6 times)Band 1

Question 3. How many people or teams touch one cycle?

3 or fewerBand 5
4 to 5Band 4
6 to 8Band 3Selected
9 to 12Band 2
More than 12Band 1

Question 4. How many days does one cycle sit waiting between tasks?

3 days or less (a few days)Band 5
4 to 7 days (up to a week)Band 4Selected
8 to 14 days (one to two weeks)Band 3
15 to 21 days (two to three weeks)Band 2
More than 21 days (over three weeks)Band 1

Question 5. Where does the work get stuck in budgets and forecasts? Tell us in your own words.

Optional comment

Forecast updates take days, not weeks. Variance notes are still written by hand.

Cash Ops · Treasury and cash

8.8 / 10

Knowing where your cash is today, where it is heading and what you owe lenders.

Question 1. From bank balances to a cash number you can act on, how many steps does the work go through?

8 or fewerBand 5Selected
9 to 10Band 4
11 to 12Band 3
13 to 15Band 2
More than 15Band 1

Question 2. How often does a cash position or forecast get corrected or redone?

Almost none (none, or 1 in 10)Band 5
A couple (2 in 10)Band 4Selected
About a third (3 in 10)Band 3
Close to half (4 to 5 in 10)Band 2
More than half (more than 5 in 10)Band 1

Question 3. How many people or teams touch the cash position, the forecast and the debt tracking?

2 or fewerBand 5Selected
3Band 4
4Band 3
5Band 2
6 or moreBand 1

Question 4. How long does the work sit waiting between steps?

Same dayBand 5
1 day (next day)Band 4Selected
2 daysBand 3
3 to 4 days (about half a week)Band 2
5 days or more (a week or more)Band 1

Question 5. Where does the work get stuck in cash and funding? Tell us in your own words.

Optional comment

The daily cash position is ready each morning. Covenant figures still come late from the close.

Controls · Internal controls

7.2 / 10

Proving your controls work, and deciding who approves what AI may do with finance data.

Question 1. From a control coming due to the evidence being filed, how many steps does the work go through?

8 or fewerBand 5
9 to 10Band 4Selected
11 to 13Band 3
14 to 17Band 2
More than 17Band 1

Question 2. How often does a test, approval or request go back for more evidence or a redo?

Almost none (none, or 1 in 10)Band 5
A couple (2 in 10)Band 4Selected
About a third (3 in 10)Band 3
Close to half (4 to 5 in 10)Band 2
More than half (more than 5 in 10)Band 1

Question 3. How many people or teams touch one control, approval or access request?

3 or fewerBand 5
4Band 4Selected
5 to 6Band 3
7 to 8Band 2
More than 8Band 1

Question 4. How many days does the work sit waiting between steps?

3 days or less (a few days)Band 5
4 to 7 days (up to a week)Band 4
8 to 14 days (one to two weeks)Band 3Selected
15 to 21 days (two to three weeks)Band 2
More than 21 days (over three weeks)Band 1

Question 5. Where does the work get stuck with controls and approvals? Tell us in your own words.

Optional comment

Controls and approvals are tracked in one place. Access requests are faster but not instant.

Reporting · Financial reporting

7.2 / 10

The numbers managers, the board, investors and regulators rely on, sent on time.

Question 1. From the closed books to a finished report or filing, how many steps does one report go through?

8 or fewerBand 5
9 to 12Band 4Selected
13 to 16Band 3
17 to 22Band 2
More than 22Band 1

Question 2. In one reporting cycle, how many times does a report go back for another round?

Almost none (none, or 1 time)Band 5
A couple (2 times)Band 4Selected
A few (3 to 4 times)Band 3
Many (5 to 6 times)Band 2
A lot (more than 6 times)Band 1

Question 3. How many people or teams touch one report before it goes out?

3 or fewerBand 5
4 to 5Band 4Selected
6 to 8Band 3
9 to 12Band 2
More than 12Band 1

Question 4. How many days does a report sit waiting between steps?

3 days or less (a few days)Band 5
4 to 7 days (up to a week)Band 4
8 to 14 days (one to two weeks)Band 3Selected
15 to 21 days (two to three weeks)Band 2
More than 21 days (over three weeks)Band 1

Question 5. Where does the work get stuck when you produce reports? Tell us in your own words.

Optional comment

Management reporting runs from one template and goes out on schedule. Filings still need a manual check.