The key to unlocking financial and operational insights
Transactional data refers to all the information you can extract out of transactions or any other engagement documents.
Transactional data can be financial, logistical or work-related, involving everything from a purchase order to shipping status to employee hours worked to insurance costs and claims.
Transactional data is at the heart of every organisation. It is part of its ongoing operations across the different business units.
Each transactional document holds a lot of valuable information in it such as the purchasing/selling identity, rates, discounts, time, place, quantities, type of product/service etc.
Fragmenting this information and making it accessible and digestible to the relevant people in the organisation, can help them tap deeper into costs, income, budgets, and contractual agreements. It can link resource usage, costs, GHG emissions, suppliers and periods with invoices as a ‘single source of truth’ (for an example) and empower teams to act upon any financial and operational optimisation insights that emerge, in a timely manner.