Transaction data
Transaction data is data describing an event and is usually described with verbs. Transaction data always has a time dimension, a numerical value and refers to one or more objects.
Typical transactions are:
- Financial: orders, invoices, payments
- Work: plans, activity records
- Logistics: deliveries, storage records, travel records, etc.
Typical transaction processing systems are SAP and Oracle Financials.Recording and retaining transactions is called records management. The record of the transaction is stored in a place where the can be guaranteed and where data is archived/removed following a retention period. The format of the transaction can be data, but it can also be a document.Transaction data can be summarised in a data warehouse, which helps accessibility and analysis of the data.
