Records Management
Recording and retaining transactions is called records management. The record of the transaction is stored in a place where the retention can be guaranteed and where data are archived/removed following a retention period. The format of the transaction can be data (to be stored in a database), but it can also be a document.
Read more about this topic: Transaction Data
Famous quotes containing the words records and/or management:
“In America, the photographer is not simply the person who records the past, but the one who invents it.”
—Susan Sontag (b. 1933)
“This we take it is the grand characteristic of our age. By our skill in Mechanism, it has come to pass, that in the management of external things we excel all other ages; while in whatever respects the pure moral nature, in true dignity of soul and character, we are perhaps inferior to most civilised ages.”
—Thomas Carlyle (1795–1881)