Digital transaction management explained

Digital transaction management (DTM) is a category of cloud services designed to digitally manage document-based transactions. DTM removes the frictioninherent in transactions that involve people, documents, and data to create faster, easier, more convenient, and secure processes.[1] DTM goes beyond content and document management to include e-signatures, authentication and non-repudiation; enabling co-browsing between the customer and the business ; document transfer and certification; secure archiving that goes beyond records management; and a variety of meta-processes around managing electronic transactions and the documents associated with them.[2]

DTM standards are proposed and managed by the xDTM Standard Association[3]

Aragon Research has estimated that "by YE 2016, 70% of large enterprises will have a DTM initiative underway or fully implemented."[4]

Notes and References

  1. News: . Digital Transforms The Game Of Business .
  2. Web site: DTM and the End of Paper: Four Imperatives you can't Miss. aragonresearch.com/. Aragon Research Inc.. 26 July 2015.
  3. xDTM Standard Association | http://www.xdtm.org/
  4. ""News: . Digital Transaction Management:The New Way Ahead for Digital Business .