You may have little or no choice when it comes to facing the morning traffic bottleneck on your way to work. But when it comes to transactional bottlenecks in your organization you can do something! Here are some helpful definitions:
A business transaction is an activity or event that can be measured in terms of money and which affects the financial position or operations of the business entity. A business transaction has an effect on any of the accounting elements – assets, liabilities, capital, income, and expense.
Business transactions are generated via documents that contain vital content regarding the transaction. Transactional bottlenecks occur when inefficient processes create points of congestion because documents are not processed quickly enough.