How TransactionExchange works.

 *  3-Stage process
 *  Source format to target format conversion
 *  Emphasis on security & audit-trails

TransactionExchange.com - a 3-Stage Process.

TransactionExchange is a web service hub through which businesses send and receive business data such as Purchase Orders and Invoices with one another, This is in effect a virtual trading-partner network. [See illustration]

Let us presume an organization transmits a batch of transactions (say Purchase Orders) through TransactionExchange.com. TransactionExchange.com will handle this batch in a 3-Stage Process as follows:

Receive the batch and process in-coming data.

  1. Transactions are received at the designated port.
  2. Batch is authenticated to ensure source is legitimate.
  3. Incoming data-stream is validated for correctness.
  4. Detailed trace-logs are maintained for audit-trail and trouble-shooting purposes.

Split the batch as per intended recipients.

  1. Incoming data is written to secure area in database.
  2. The batch of transactions separated and sorted for each target partner.
  3. The data is converted to the target format (for each recipient).
  4. Target transaction data is moved to staging-tables.
  5. Detailed trace-logs are created for audit-trail and trouble-shooting purposes.

Deliver batch to intended recipients.

  1. Transaction data is moved from staging tables into secure outbound data-streams.
  2. Out-bound data-streams are "pushed" to target partners using appropriate protocols.
  3. Detailed trace-logs are created for audit-trail and trouble-shooting purposes.
  4. Send out notifications to designated users at source and target partners alerting them to the results of batch-process.

Detailed trace-logs EMPOWER end-users.

At every stage of processing, TransactionExchange.com maintains detailed logs regarding the handling of each transaction throughout the entire process. If a certain transmission or a certain transaction within a transmission were to fail, the exact cause and location of the problem can be easily and swiftly pinpointed - even by non-technical person (say a buyer or an Accounts Payable clerk).

This allows for quick detection and correction of data errors without the need of expensive IT personnel.

   
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