Company Filing History:
Years Active: 2013-2018
Title: Innovations of Thomas Schachner
Introduction
Thomas Schachner is a notable inventor based in Heidelberg, Germany. He holds a total of four patents, showcasing his contributions to the field of financial accounting systems. His innovative approaches have significantly impacted how financial data is managed and processed.
Latest Patents
One of Schachner's latest patents is the "Extension Ledger," which introduces a system that stores financial accounting data in a Base ledger alongside overlying extension ledgers. This system allows for the storage of both generic financial data and specific financial data utilized for particular purposes. By employing a mapping table, the engine can efficiently manage data, reducing memory footprint by persisting generic data in a single location. This innovation is particularly beneficial for storing generic financial data common to multiple accounting principles, such as GAAP and IFRS.
Another significant patent is focused on "Systems and Methods for Providing an Automated Validity Check of Transactional Data Postings." This method includes entering codes for specifying postings in transactional data processing operations. It automates the validity check of transaction data postings, enhancing the efficiency and accuracy of financial operations.
Career Highlights
Throughout his career, Thomas Schachner has worked with prominent companies, including SAP AG and SAP SE. His experience in these organizations has allowed him to develop and refine his innovative ideas in financial technology.
Collaborations
Schachner has collaborated with notable colleagues, including Georg Dopf and Michael Conrad. Their combined expertise has contributed to the successful development of various financial systems and methods.
Conclusion
Thomas Schachner's contributions to financial accounting innovations demonstrate his commitment to improving data management and processing. His patents reflect a deep understanding of the complexities involved in financial systems, making him a significant figure in the field.
Inventor’s Patent Attorneys refers to legal professionals with specialized expertise in representing inventors throughout the patent process. These attorneys assist inventors in navigating the complexities of patent law, including filing patent applications, conducting patent searches, and protecting intellectual property rights. They play a crucial role in helping inventors secure patents for their innovative creations.