Transaction data

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Transaction data is data describing an event (the change as a result of a transaction) and is usually described with verbs. Transaction data always has a time dimension, a numerical value and refers to one or more objects (i.e. the reference data).

Typical transactions are:

  • Financial: orders, invoices, payments
  • Work: plans, activity records
  • Logistics: deliveries, storage records, travel records, etc.

Typical transaction processing systems (systems generating transactions) are SAP and Oracle Financials.

Records management[edit]

Recording and retaining transactions is called records management. The record of the transaction is stored in a place where the retention can be guaranteed and where data is archived/removed following a retention period. The format of the transaction can be data (to be stored in a database), but it can also be a document.

Data warehousing[edit]

Transaction data can be summarised in a data warehouse, which helps accessibility and analysis of the data.

See also[edit]