Comprehensive And Regular Transaction Monitoring

Transaction monitoring takes importance in the face of compliance with service terms and business delivery matters. Without timely tracking, it is difficult to gauge whether transactions are meeting business needs or not. Depending on the application, transaction monitoring could be closely tied-in with end-user expectations and ultimately, customer loyalty.

How does regular transaction monitoring help?

Ideally, transaction monitoring should be comprehensive, covering all aspects of application function and operations. When done proactively, transaction monitoring allows for several advantages including:

• Discovering issues related to transactions before they snowball into major problems
• Being able to raise alarms and alerts effectively, pointing to the cause of the issue, so it can be nailed effectively
• Depending on your application and if you choose a comprehensive transaction monitoring tool, it can review transactions across your entire IT infrastructure
• Transaction monitoring can also help pinpoint problem to the exact technical level where they are appearing
• You can also configure your monitoring tool to provide you with specific information; this can be facilitated with the help of a dashboard

Benefits of regular transaction monitoring

• Improves real time experience and availability- preventz accidents and unexpected problems and outages
• Increases detection of unaccounted for or 'missing' transactions
• Improves time taken in resolving issues
• Ensures compliance with defined terms and conditions
• Reduces costs measurably; through timely detection of problems

If your business is associated with finance, you must have transaction monitoring in place to prevent crimes and fraud. Regular transaction monitoring can also become part of your risk management solutions.