Company Filing History:
Years Active: 2012-2013
Title: Innovations by Dennis Sheckler
Introduction
Dennis Sheckler is an accomplished inventor based in Cambridge, MA (US). He has made significant contributions to the field of financial technology, holding two patents that enhance financial record reconciliation processes. His work focuses on improving the accuracy and efficiency of financial transactions.
Latest Patents
Sheckler's latest patents include a "System and method for reconciling financial records by matching outstanding trade orders to unmatched transactions." This innovative system allows for the electronic matching of investments that are not reported as trades to unmatched transactions within a portfolio account system. By doing so, it prevents breaks in the portfolio account system when investments are not reported as trades after an order to purchase has been placed.
Another notable patent is the "System and method for reconciling financial records." This system categorizes breaks in financial records based on user-defined rules, allowing for the prioritization of higher importance breaks. It also enables automatic acceptance of values from a custodian system and allows for the automatic correction of certain transaction differences. This comprehensive approach ensures that financial account reconciliation is both efficient and accurate.
Career Highlights
Dennis Sheckler is currently employed at Vestmark, Inc., where he continues to develop innovative solutions in financial technology. His expertise in financial account reconciliation has positioned him as a valuable asset to his company and the industry at large.
Collaborations
Sheckler has collaborated with notable colleagues, including Heeren H Pathak and John Artz. Their combined efforts contribute to the advancement of financial technology and the development of effective reconciliation systems.
Conclusion
Dennis Sheckler's contributions to financial technology through his patents demonstrate his commitment to innovation and efficiency in financial record reconciliation. His work continues to impact the industry positively, making financial processes more reliable and streamlined.