MUMBAI, India, Jan. 9 -- Intellectual Property India has published a patent application (202511116190 A) filed by Nims University, Jaipur, Rajasthan, on Nov. 24, 2025, for 'a system and method for financial process automation.'
Inventor(s) include Krishna Kant Sharma.
The application for the patent was published on Jan. 9, under issue no. 02/2026.
According to the abstract released by the Intellectual Property India: "A unified system for accounting and financial reporting that integrates a processor and memory to execute a set of AI-powered modules. These modules work collaboratively to automate and enhance financial operations in real time. The system includes an adaptive learning module for classifying financial transactions using machine learning, a real-time reporting module for generating financial statements, and a predictive analytics module for forecasting performance. Additionally, it comprises modules for compliance monitoring, fraud detection, intelligent expense management, budgeting and forecasting, dynamic financial analysis, audit trail generation, and financial advisory. The modules are operatively interconnected, enabling continuous data exchange and mutual enhancement. This integrated architecture allows the system to dynamically adapt to changing financial patterns, ensure regulatory compliance, detect fraudulent activities, and deliver actionable insights. As a result, the system supports improved transparency, efficiency, and decision-making in financial management processes for businesses and institutions."
Disclaimer: Curated by HT Syndication.
