Company Filing History:
Years Active: 2012-2013
Title: Yashodhan Sathaye: Innovator in Financial Reconciliation Systems
Introduction
Yashodhan Sathaye is a notable inventor based in Acton, MA (US), recognized for his contributions to financial technology. He holds two patents that focus on improving the efficiency of financial record reconciliation. His innovative approaches aim to streamline processes that are critical for financial institutions and portfolio management.
Latest Patents
Yashodhan's latest patents include a "System and method for reconciling financial records by matching outstanding trade orders to unmatched transactions." This invention provides a solution for financial account reconciliation within a portfolio account system. It utilizes a computer to match investments that are not reported as trades to unmatched transactions, thereby preventing discrepancies in the portfolio account system.
Another significant patent is the "System and method for reconciling financial records." This system categorizes breaks in financial records based on user-defined rules, allowing for efficient prioritization of issues. It enables automatic acceptance of values from a custodian system and offers options for automatic correction of certain transaction differences. This innovation enhances the accuracy and reliability of financial account reconciliation.
Career Highlights
Yashodhan Sathaye is currently employed at Vestmark, Inc., where he applies his expertise in financial technology. His work focuses on developing systems that enhance the reconciliation of financial records, contributing to the overall efficiency of financial operations.
Collaborations
Yashodhan collaborates with talented professionals such as Heeren H Pathak and John Artz, who share his commitment to innovation in financial technology. Their combined efforts aim to push the boundaries of what is possible in financial record management.
Conclusion
Yashodhan Sathaye's contributions to financial technology through his patents demonstrate his commitment to innovation and efficiency in financial reconciliation. His work at Vestmark, Inc. and collaborations with other professionals highlight the importance of teamwork in driving advancements in this field.