Financial

data processing

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data processing

the organization and processing of information in a business. The use of COMPUTERS to store data (see DATA STORAGE) and to undertake routine data processing activities such as recording purchases, sales, payroll etc. can save time, improve recording accuracy and reduce staffing costs. See INFORMATION MANAGEMENT, LOCAL AREA NETWORK.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
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