Andreas Reccius

Title: The Innovations of Andreas Reccius in Financial Accounting Systems

Introduction

Andreas Reccius, an inventive mind located in Walldorf, Germany, has made significant contributions to the field of financial accounting through his innovative patent filings. With a total of six patents to his name, Reccius stands out as a prominent figure in the realm of technology-driven accounting solutions.

Latest Patents

One of Reccius's latest inventions is the Extension Ledger, a system that efficiently stores financial accounting data within a Base Ledger and supplementary extension ledgers. This innovative engine receives both generic financial information and data that is specifically tailored for particular purposes. By utilizing a mapping table, the engine adeptly stores generic financial data, such as fixed asset acquisitions, while preserving specific financial details, like methods of asset depreciation, within the extension ledgers. This design reduces memory usage by ensuring the generic data is housed in one concise location. Furthermore, the system allows for the retrieval of stored data through data views that merge information from both the Base and extension ledgers, utilizing a recursive algorithm to assess the chains of ledgers. This method is particularly beneficial for maintaining generic financial data in alignment with multiple accounting principles, such as GAAP and IFRS, while segregating specific data pertinent to each accounting scheme.

Another of Reccius’s notable patents relates to providing accounting software applications as enterprise services. This invention encompasses methods and apparatuses for designing a service architecture that offers accounting functionalities at the enterprise application level. The design includes an array of service operations, process components, and optional deployment units, along with suitable business objects to enhance efficiency in accounting procedures.

Career Highlights

Throughout his career, Andreas Reccius has been associated with renowned companies, including SAP AG and SAP SE. His tenure at these organizations has allowed him to develop and refine his innovative ideas, leading to the creation of useful financial accounting technologies.

Collaborations

Reccius has collaborated with esteemed colleagues such as Georg Dopf and Stefan Gauger, who have played vital roles in his professional journey. Their combined expertise has contributed to the successful development and implementation of his inventions.

Conclusion

Andreas Reccius continues to pave the way for innovation in the finance and accounting sector. His patents not only reflect his ingenuity but also demonstrate the potential for technological advancements to improve accounting practices. As the demand for efficiency and accuracy in financial data continues to grow, Reccius's innovations will likely play a crucial role in shaping the future of the industry.