US Patent Issued to Sage Intacct on May 27 for "Tier consolidation with parallel processing" (Indian, American Inventors)

ALEXANDRIA, Va., June 17 -- United States Patent no. 12,314,722, issued on May 27, was assigned to Sage Intacct Inc. (San Jose, Calif.).

"Tier consolidation with parallel processing" was invented by Girish Dhareshwar (Bengaluru, India), Senthilkumar Manickam (San Jose, Calif.), Sharanabasavaraj Sunkad (Bengaluru, India) and Lijo Kurian (Bengaluru, India).

According to the abstract* released by the U.S. Patent & Trademark Office: "Various embodiments described herein provide improved functionality for performing tier consolidation for organizations having any type of hierarchical structure, so as to increase flexibility, speed, accuracy, and performance in generating reports and conducting analysis on a company's operations and performance...