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Transaction Processing
Transaction processing refers to the processes and activities related to a company's financial interactions with customers and accounting management. The term is broad by design and encompasses a wide range of activities, including invoices/receipts, managing a point-of-sale system, and processing credit cards.
What Small and Midsize Businesses Need to Know About Transaction Processing
Transaction processing is a core component of any small business' operation, and optimized transaction processing is a crucial part of keeping proper records and appropriate billing. By investing in appropriate transaction processing equipment, small businesses can improve their billing and cash flow.
Related terms
- Tokenization
- ROIT (Return on Information Technology)
- SAC (Subscriber Acquisition Cost)
- Energy Trading and Risk Management (ETRM)
- Chief Revenue Officer (CRO)
- Core Banking System
- Record to Report (R2R)
- Fintech
- Financial Management System (FMS)
- Business Capability Modeling
- Capital Allocation
- Compound Annual Growth Rate (CAGR)
- Net Present Value
- Hedge Fund
- Gateway
- Selling General and Administrative (SG&A) Expenses
- ROE (Return on Equity)
- Financial Planning and Analysis (FP&A)
- Dollar-Cost Averaging (DCA)
- Procure-to-pay Solution
