Chapter 3 PP

Chapter 3 PP - Electronic Business Electronically linking...

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11 Electronic Business Electronically linking business processes, individuals and organizations. Byproduct: elimination of sales staff, normally intermediary between two parties to transactions. Transactions completed quicker, more efficiently and more effectively.
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22 Batch Processing Known as periodic mode because master data is updated periodically (e.g., nightly). Delay occurs between business event and updating master data Business event occurs Record business event data Update master data Generate outputs The disadvantage of periodic mode systems is that the only time the master data are up to date is right after the processing has been completed. As soon as the next business event occurs, the master data are no longer up to date.
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33 Automated Accounting System
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44 Online Transaction Entry Enter business events at the time and place the event occurs. Computer input device used to enter data at source. Input document is eliminated.
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Chapter 3 PP - Electronic Business Electronically linking...

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