Transaction data are data about the transactions. They contain information about the requirements, movement of goods, money operations or the enterprise resource status changes and they provide information exchange. Transaction data record information related to a specific time and a specific master data.
A typical transaction data in the organization are:
- Offers, orders and contracts
- Tax documents (invoices)
- Payroll cards
- Delivery notes, protocols
- Receipts, release notes
What are transaction data in practice?
Transaction data typically include adopted or issued demands, orders, invoices, accounting documents, delivery notes, stock movements, wages, acceptance protocols and more. Transaction data can come from outside or inside the organization and can take the form of paper or electronic forms. They are actually data that take place in business processes.
Today, the vast majority of transaction data is stored and managed using accounting, payroll, warehouse systems and applications or large enterprise systems such as ERP, CRM and HRM. Transaction data affect the status, capacity or number of company resources.
For transaction data the approval process is important (e.g. approval of order or invoice). As a integral part of enterprise applications are therefore miscellaneous ways of approval - usually through approval states (e.g. received, controlled, approved) or using different workflow systems.
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