Pricing of Transactions in Staff Functions
Need, Opportunity & Application

Over last 2 decades, Organizations have taken serious steps to simplify transactional processes in all staff functions like processing of invoices, claims, payroll or purchase orders, to make them ‘rule based’ and consolidate these transactions to reduce cost or increase efficiency or enhance effectiveness. The foundation of such an initiative within staff functions is to better understand the concept of ‘fully loaded cost’ or the total cost and the ‘cost of processing transactions’ to design actions/ measures to progress from ‘reducing cost to effectiveness’ continuum!