David Land

Title: David Land: Innovator in Accounting Systems

Introduction

David Land is a notable inventor based in Mississauga, Canada. He has made significant contributions to the field of accounting systems, holding a total of 5 patents. His innovative approaches have streamlined processes and improved efficiency in financial management.

Latest Patents

One of his latest patents is a method, apparatus, and computer program for managing accounting system interfaces. This invention divides the Accounts Receivable System's (ARS) functions into five separate modules, including a Credit Inquiry Module, a Remittance Processing Module, an Accounts Receivable Claim Module, a Maintenance Module, and an Administration Module. These modules are integrated and interface with the client's Order, Ship, Bill (OSB) system, ensuring smooth functionality. The ARS automatically upgrades the modules in real-time as they are implemented at a central site. Additionally, the ARS's interface capabilities include built-in methods for report extraction to obtain necessary data for specific situations or clients.

Another significant patent by David Land is a method and apparatus for managing remittance processing within account receivables. This Remittance Processing Module accepts funds in both domestic and foreign currencies, translating them into the required local currency for reporting purposes. It automatically generates and performs exchange gain and loss calculations, as well as Auto Draft and Reverse Application functions. The module accepts funds electronically and, under certain conditions, automatically applies and updates a customer's account efficiently.

Career Highlights

David Land has worked with prominent companies, including General Electric Canada and GE Corporate Financial Services, Inc. His experience in these organizations has contributed to his expertise in developing innovative accounting solutions.

Collaborations

David has collaborated with various professionals throughout his career, including his coworker Alan Getgood.

Conclusion

David Land's contributions to accounting systems through his patents demonstrate his innovative spirit and commitment to improving financial processes. His work continues to influence the industry positively.