Abstract: System, method and program product, the system configured to retrieve entity financial transaction data; receive for the financial transaction categorical transaction tags categorizing the financial transaction; access a taxonomy associated with the entity, wherein the taxonomy has a progression inductively backwards; determine an identification code for the financial transaction based on the categorical transaction tags, wherein the identification code references a particular data structures in the taxonomy; select one of the categorical transaction tags as the most granular element; assign a unique data tag in the particular data structure to the most granular element; identify, parse and transform the financial transaction data for use in logical functions; execute an inductive algorithm to propagate from the most granular element to a higher level in the one data structure to thereby determine and populate a location in a report based on the inductive algorithm; and transmit the report.