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Straight Through Processing (STP) and its potential beneftis

Straight Through Processing (STP) and its potential beneftis

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Expert Solution

Straight through processing is an automated transaction proceedure in whichonline transactions are carried out without any manual intervention of human from initiation of payment to the settlement of the payment.

Advantages of straight through processing-

A. It would be helpful in saving of the time and saving of the money as well.

B. lesser chances of fraud because there would be less human intervention in the entire process from initiation to the settlement.

C. it is used on a large scale from larger companies to smaller companies so it is highly popular among different companies.

D. These processes have high efficiency because these are leading to increase in the working capital of the company and it is also leading to increase in the overall liquidity of the company in the shorter period of time.

E. There is a large increase in electronic invoicing of Return of Investment through straight through processing method.

F. This is an easy proceedure and this is free from complexity.

jeff jeffy answered 2 years ago
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