straight-through processing

noun
UK /ˌstreɪt θruː ˈprəʊsesɪŋ/
US /ˌstreɪt θruː ˈprɑːsesɪŋ/

A way for computers to finish a whole job by themselves without people helping.

The bank uses straight-through processing so payments go through automatically.

SYNONYMS

automated processingend-to-end automationautomatic processinghands-free processing

RELATED WORDS

automationworkflowtransactionsoftware

OTHER MEANINGS

2. A method in finance where trades are handled electronically from start to finish.

Straight-through processing cut the trade settlement time in half.

3. Any business process that runs without manual steps or re-entering data.

Their insurance claims system relies on straight-through processing for simple cases.

4. The automatic flow of data between computer systems without human intervention.

Straight-through processing lets orders move from the website to the warehouse instantly.