Company Filing History:
Years Active: 2019-2020
Title: The Innovative Contributions of Matthias Schauer
Introduction: Matthias Schauer, an accomplished inventor based in Rauenberg, Germany, has made significant contributions to the field of financial instruments through his innovative patents. With two patents to his name, Schauer has demonstrated his expertise and creativity in developing methods that enhance accounting processes.
Latest Patents: Schauer's latest innovations include a "Method for controlling an accounting process for financial instruments." This invention presents a framework for managing the accounting of financial instruments efficiently. It involves receiving pertinent information related to financial instruments, creating corresponding entries in a worklist, and registering this information effectively. The process derives a work package of relevant accounting steps based on the registered information, determining multiple dates for executing these steps.
Another notable patent is the "Centralized GAAP approach for multidimensional accounting to reduce data volume and data reconciliation processing costs." This invention provides systems and methods for a centralized dimension of accounting. It features the creation of both GAAP-independent and GAAP-dependent posting documents within an accounting database, effectively reducing data volume and minimizing the costs associated with data reconciliation processing.
Career Highlights: Currently working at SAP SE, Matthias Schauer has embraced his role in shaping innovative accounting solutions that benefit organizations and streamline financial operations. His commitment to innovation within accounting technology reflects his vision to enhance efficiency in complex financial systems.
Collaborations: Throughout his career, Schauer has collaborated with other talented professionals, including Lothar Muessler and Frank Andreas Raebiger. These collaborations highlight the importance of teamwork and shared expertise in bringing innovative ideas to fruition within the field of financial accounting.
Conclusion: Matthias Schauer stands out as a forward-thinking inventor dedicated to improving financial processes through innovation. His patents not only showcase his inventive spirit but also offer valuable solutions to common challenges encountered in financial accounting. As he continues his journey at SAP SE, Schauer’s contributions are set to influence the future of accounting practices significantly.