STP
Straight-Through-Processing (STP) is based on the fundamental premise that business transactions are entered only once. The initial entry begins a completely automated sequence of processing steps that make up the life cycle of the transaction. This may include operations performed by a wide variety of applications in multiple locations throughout the enterprise. The goal of STP is to avoid re-keying information, which reduces keying errors and eliminates the input delays introduced when manual entry is required between processing steps. ISS provides the transport mechanism and, more importantly, the information compatibility required to seamlessly link all the applications involved.
- The life cycle of a business transaction is identified and each application involved is mapped to the ISS.
- At it’s initial entry point, the business transaction is published to the ISS, which creates an Information Object completely defining the transaction and queues it for subscription processing.
- Each participating application publishes its output to the ISS, and receives its input by subscribing to the output information published by the previous application in the chain.
- Manual intervention in the process is eliminated or greatly reduced. In addition to the elimination of manual clerical functions, often business decisions made by reviewing information at some point in the process can be made automatically through analysis of the information by the ISS Semantic Engine.
