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Post details: Sarbanes Oxley Business Process Cycle - Definition of Business Process Cycle
03/17/06
Sarbanes Oxley Business Process Cycle - Definition of Business Process Cycle
The term "Business Process" comes up frequently in our day to day work. For the purposes of Sarbanes Oxley what does business process or business cycle actually mean. Simply speaking, a business process or business cycle is
" a series of transactions that enable a company to achieve its objectives".
Thus, a business process may consist of many transactions some simple some complex which combined achieve a business objective. To take an example, the business process of "order to cash" may start with getting an order from a customer, executing the order, making the delivery of goods ordered, shipping the goods, processing the invoices, and finally collecting cash from the customer.
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