Transactional Data
Core ConceptsDefinition
Data generated and captured from various business transactions.
Detailed Description
Transactional data refers to the information related to specific business transactions or operations and is typically time-stamped. This type of data involves day-to-day operations and is generated whenever a specific event or transaction is recorded, such as sales orders, invoices, shipping records, and payments. Transactional data is often stored in real-time databases and systems and is crucial for operational reporting, decision-making, and analytics.
Key Features
- Generated by business activities
- High volume and detail orientation
- Real-time data capture and processing
- Time-stamped
Common Modules
Inventory Management
Handles data related to inventory levels, orders, sales, and deliveries.
Procurement
Manages data involved in purchasing goods and services from suppliers.
Sales Order Management
Manages the data created during the sales order process, including tracking, processing, and fulfilling orders.
Popular Implementations
Implementation in Finance
Transactional data in finance involves capturing data from financial operations such as invoicing, payments, and ledger entries, supporting financial analysis and reporting.
Implementation in Retail Industry
In retail, transactional data includes point-of-sale transactions, customer purchases, inventory changes, and sales trends, helping retailers make inventory and marketing decisions.