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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

See the questions and answersGet your score

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 workflowMonth-end close

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We can work through your first steps with your team.

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Month-end close

AI oversight: Not yet known

  • Process steps

    16 steps to 10 steps

  • Cycle time

    11 days to 5 days

  • Exception loops

    8 loops to 2 loops

  • First-time-right rate

    20% to 62%

  • Cost per close

    $21,000 to $9,800

  • Process steps
    Down 6 steps (38% fewer)Lower is better: fewer touches between start and finishAim for: 8 steps or fewer
  • Cycle time
    Down 6 days (55% faster)Lower is better: work finishes in fewer daysAim for: 3 days or fewer
  • Exception loops
    Down 6 loops (75% fewer)Lower is better: fewer items sent back or re-checkedAim for: 0 loops
  • First-time-right rate
    Up 42 pointsHigher is better: more items finish right the first timeAim for: 80% or more
  • Cost per closeEstimated
    Down $11,200 (53% lower)Lower is better: less spent to finish each closeAim for: $7,500 or less

Use cases for this workflow

Pick the ones you want to work on.

  • Bank reconciliation auto-matching

    Match bank transactions to ledger entries daily using amount, date and reference rules plus learned patterns, leave unmatched items for review, and produce the reconciliation for sign-off.

    Moves:First-time-right rateCycle timeException loops
    LightReady to start
  • Accrual estimate suggestion

    Propose recurring and variable accrual amounts from contracts, open purchase orders, prior periods and late invoices, with the basis shown for the accountant to accept or change.

    Moves:Exception loopsFirst-time-right rateCycle time
    ModerateNeeds prep first
  • Intercompany reconciliation and mismatch triage

    Compare intercompany balances and transactions between entities, identify mismatches by cause (timing, FX, missing entry) and propose correcting entries for the entity accountants to agree.

    Moves:Exception loopsCycle timeFirst-time-right rate
    ModerateNeeds prep first
  • Journal entry anomaly detection

    Score manual journals for unusual features (rarely used accounts, round amounts, late or out-of-hours posting, self-approval) and send the highest-risk ones to the reviewer with the reasons shown.

    Moves:Exception loopsStepsFirst-time-right rate
    ModerateNeeds prep first
  • Close task tracking with dependency alerts

    Track every close task with owner, due day and dependencies, and alert owners when an upstream task is late so that the critical path is visible during the close.

    Moves:Cycle timeException 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. 1Bank reconciliation auto-matching
  2. 2Close task tracking with dependency alerts
  3. 3Journal entry anomaly detection

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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