Company Filing History:
Years Active: 1990
Title: Michael J Hemmert: Innovator in Investment Fund Accounting
Introduction
Michael J Hemmert is a notable inventor based in San Francisco, CA. He has made significant contributions to the field of investment fund accounting through his innovative patent. His work focuses on enhancing the efficiency and accuracy of managing investment plans with multiple participants and funds.
Latest Patents
Hemmert holds a patent for an "Automated Investment Fund Accounting System." This computerized system manages data for investment plans that involve multiple participants and investment funds. The system allows for transactions to be entered with one side flagged as pended. Once the unit value for the fund is determined, the pended side is calculated, stored, dated, and flagged as fixed. The system accumulates investment fund balances by posting transactions to investment fund accounts. Individual participant fund balances are determined through a multi-dimensional matrix, and the combined totals are compared to the overall investment fund balances.
Career Highlights
Hemmert's career is marked by his dedication to improving financial systems through technology. His innovative approach has led to the development of a system that streamlines the accounting process for investment funds, making it easier for participants to track their investments.
Collaborations
Hemmert has worked alongside talented individuals such as Gary L Durbin and Martha C Johnson. Their collaboration has contributed to the advancement of investment fund accounting technologies.
Conclusion
Michael J Hemmert's contributions to the field of investment fund accounting through his patented system demonstrate his commitment to innovation. His work continues to influence how investment plans are managed, ensuring accuracy and efficiency in financial transactions.