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Monday, April 2, 2012

Electronic Data Processing (EDP) can enhance your data processing system to a great extent

Electronic Data Processing (EDP) can be termed as the application of automated methods to process commercial data and large volumes of similar information. As for instance stock updates applied to an inventory, banking transactions applied to account and customer master files, booking and ticketing transactions to an airline's reservation system, billing for utility services, Electronic fund transfer (easy pay system - EPS), Point of sale system, Stock control system, Payroll system.

Electronic Data Processing (EDP)  system is faster, more accurate, more reliable, more economic and one can get same result with same data, instruction & process.

The PDF format is standardized by the ISO (International Organization for Standardization) for the archival storage of electronic documents and exchange of information between companies. The use of PDF technology for electronic data processing will be institutionalized worldwide. 

Pros of electronic data processing

·         High speed
·         Accurate          
·         High storage capacity
·         Automatic
·         Reliable
·         24 hour service
·         Remote access and control

Cons of electronic data processing
·         Equipment is expensive
·         Much money needed to design special computer system
·         Essential data may lost with the breakdown of computer

Payroll system        
A system being applied to estimate wages and generate payroll sheets for employees. Record the time of entrance and the time of departure every day. Gather and verify the time cards at the end of each month to make sure that all the records are correct. Enter the data (time-in and time- out) into the computer and work out the monthly wages of all employees. Create the payroll sheets for all employees.
Mailing list system
A system is being utilized to store data and apply them to generate mailing lists and mailing labels.
   Ticketing system
   Point-of-sale system
A system that transactions are entered at the point where sales occur and also update sales and inventory data
·         Present the products necessary at the checkout.
·         Read the details of the products  by a photoelectric bar code   scanner 
·         Recognize the prices and the names of the products by the central computer.
·         Calculate and display the total   price, update sales   and inventory data   by the central   computer.
·         Print the receipt.
ΓΌ  Electronic funds transfer system
A system that provides electronic  transfer of money from one  account to another.
Present the products required and   bank card to a cashier. Key in the prices of the products  and insert the bank card into a slot on the terminal.
Key in personal identification  number (PIN) by the customer.
Transfer electronically the money from the  customer’s bank account  to the  shopkeeper’s bank account

Posted by Rajib Dey
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