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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 workflowAR collections

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AR collections

AI oversight: Person signs off

  • Process steps

    11 steps to 8 steps

  • Cycle time

    21 days to 5 days

  • Exception loops

    5 loops to 2 loops

  • First-time-right rate

    25% to 71%

  • Cost per invoice

    $22 to $10

  • Process steps
    Down 3 steps (27% fewer)Lower is better: fewer touches between start and finishAim for: 5 steps or fewer
  • Cycle time
    Down 16 days (76% faster)Lower is better: work finishes in fewer daysAim for: 3 days or fewer
  • Exception loops
    Down 3 loops (60% 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: 88% or more
  • Cost per invoiceEstimated
    Down $12 (55% lower)Lower is better: less spent to finish each itemAim for: $7 or less

Use cases for this workflow

Pick the ones you want to work on.

  • Collections worklist prioritization

    Rank overdue accounts each morning by balance, days past due, payment history and dispute status, so collectors start with the cash most at risk.

    Moves:Cycle timeCost per invoiceException loops
    LightReady to start
  • Remittance extraction and cash matching

    Read remittance advices and bank references, match receipts to open invoices, and post confident matches; partial, short or unidentified payments go to a person.

    Moves:First-time-right rateCycle timeException loops
    LightReady to start
  • Rules-based dunning sequence

    Send scheduled reminders at set points before and after the due date using approved templates, pausing automatically for disputed invoices and accounts with a promise to pay.

    Moves:Cycle timeException loopsFirst-time-right rate
    LightReady to start
  • Dispute classification and routing

    Classify incoming disputes by reason (pricing, quantity, service, billing error, missing PO) and route each to the team that can resolve it, with the invoice and contract details attached.

    Moves:Exception loopsFirst-time-right rateCycle time
    ModerateNeeds prep first
  • Personalized reminder writing

    Prepare follow-up e-mails that reference the specific invoices, earlier correspondence and any promise to pay, for the collector to edit and send.

    Moves:Cost per invoiceException loopsFirst-time-right rate
    LightReady to start

My plan

Example plan. Changes are kept in this browser only.

Drag the grip to reorder. With a keyboard, press Space on the grip, move with the arrow keys, then Space to drop or Escape to cancel.

  1. 1Remittance extraction and cash matching
  2. 2Rules-based dunning sequence
  3. 3Collections worklist prioritization

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

Recommendations are drawn from a curated content library. Proposed methodology, not a certification.