Principles of Successful Transactions

A movie ticket purchase, booking a flight via the internet and even launching missiles all require computerized transactions. These activities rely on ACID or the „atomic constant, reliable isolated, durable and permanent“ properties of transaction processing, a specialized area of system design that’s becoming increasingly common in the business world.

Consumers are increasingly looking for an effortless shopping experience, which includes the ability to pay easily for goods and services. Failure to meet this expectation is among the most frequent reasons for customers to abandon an organization. A high percentage of failed payments can harm an app or website’s revenue and, ultimately, its image and growth.

Successful transactions happen when both sides of the deal agree to a reasonable level of risk. The most suitable buyer (or seller) and the correct timing are the most important factors. But preparing for the sale is more than that. The correct operating procedures are crucial to ensure that the deal is successful for both parties.

When a announcement is made, it’s important to move quickly. This avoids a diluting distraction for the business as it shifts resources from day-today execution to support for a pending or approved transaction. The best practice is to establish interim and final transaction goal goals, and to define what they mean for functions like finance, accounting, legal, IT operations, marketing and finance. This ensures that the necessary steps are taken to achieve the desired result.