Automated Enterprise Accounting System for Gaming Variance Correction
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Solution Overview
Problem
Current gaming-related financial management systems are time-intensive and prone to human error, leading to inaccurate reporting and data misinformation due to the manual nature of tallying and auditing proceeds from gaming machines.
Innovation Solution
A computer-implemented method and system for automating the accounting process, which includes receiving and processing accounting information from various gaming systems, identifying and correcting variances, and generating reports, utilizing a graphical user interface and processor-readable storage medium to streamline data collection and reconciliation.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If manual tallying and auditing methods are used, then system complexity is low, but productivity is low and human error increases
Solution Approach 1:
The patent replaces manual mechanical tallying and auditing processes with an automated computerized accounting system that receives data electronically from gaming machines and management systems, processes it through algorithms, and generates reports automatically, thereby increasing productivity while accepting increased system complexity
Solution Approach 2:
The accounting system performs self-auditing functions by automatically receiving data from multiple sources, identifying variances through computational comparison, and correcting errors without requiring manual intervention, thus improving productivity while maintaining controlled complexity
2Measurement precision
If manual accounting methods are used, then device complexity is low, but measurement precision deteriorates due to human error
Solution Approach 1:
The system replaces human manual accounting operations with automated computerized processing that electronically receives, validates, and processes accounting data from gaming machines and management systems, eliminating human error and improving measurement precision while requiring increased system complexity
Solution Approach 2:
The system implements automated feedback mechanisms by continuously monitoring accounting data from multiple sources, comparing values to identify variances, and generating corrective actions, thereby improving data accuracy through systematic validation while increasing system complexity
3Productivity
If automated accounting system is implemented, then productivity improves, but device complexity increases
Solution Approach 1:
The patent segments the accounting system into distinct functional modules including data reception from gaming machines, data processing, variance identification, error correction, and report generation, allowing each component to perform its function independently and improving overall productivity while managing system complexity through modular architecture
Solution Approach 2:
The accounting system is designed as a universal platform that can process data from multiple types of gaming machines and management systems through a common interface and processing logic, thereby improving productivity across diverse sources while reducing complexity through standardized handling
Data Source
AI summary
A computerized management system and methods including accounting, auditing, and correcting systems and processes are disclosed for use with game and/or gaming devices, systems, and methods enable users to remotely monitor, control, and modify financial data, reports, and information related to game and/or gaming machines and apparatuses of different classes, for example Class II and Class III gaming machines and table games, and different facilities, such as Class III gaming establishments, bingo establishments, and lottery establishments.