One of my clients mentioned that he wants a STP website. I nodded and said ok but haven't got a clue what it is. Anybody here knows?
What is Straight Through Processing (STP)? Straight Through Processing (STP), a solution that automates the end-to-end processing of transactions for all financial instruments from initiation to resolution, is set to revolutionize the financial industry. STP will streamline back office activities, leading to reduced failures, lower risks, and significantly lower costs per transaction. It encompasses a set of applications, business processes, and standards that will redefine the settlement and processing paradigm within the capital markets industry. STP has the same significance to the financial industry as Supply Chain Management (SCM) has to the manufacturing industry and Customer Relationship Management (CRM) has to the service industry. Check Out: http://www.webservicesarchitect.com/content/articles/samtani06.asp