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
References in periodicals archive ?
Insurers' top reasons for considering business process outsourcing included a lack of time, inappropriate skill sets and faster turn with the use of outsourcers, Harris said, With insurers looking to gain a competitive advantage, outsourcing of business processing and technology services provides a means to reach their corporate strategy goals, she said.
* deliver efficient end-to-end business processing to provide online quotation, underwriting and binding; and

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