How many bank directors are aware that in many cases financial
transaction files are sitting in clear text on application servers?
"That software lets you export our
transaction files in a variety of formats.
Simply explained, this company offers a service where it consolidates the information from stores' POS
transaction files and the company's data warehouse.
Although other types of files are sometimes necessary, the basic concept of master and
transaction files is common to all applications.
Test large electronic
transaction files for duplicate payments, invoices or addresses for multiple employees or vendors that often escape notice when checked manually.
The profitability system would use the bank's financial statements, detailed general ledger and branch information, product data from the core processing system, as well as monthly
transaction files, and a comprehensive database of alternative sources and uses of funds to analyze profitability at a number of levels.