Describe the Four Global IT Business Drivers That Should Be

question 58

Essay

Describe the four global IT business drivers that should be included in all IT strategies.

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Definitions:

Checks Cleared

The process where bank checks are verified and funds are transferred from the check writer's account to the recipient's account.

Checks Written

Financial documents that instruct a bank to pay the specified amount from the drawer's account to the person or entity named on the check.

Deposits In Transit

Funds that have been sent to a bank but not yet recorded by the bank in the company’s account balance.

Outstanding Checks

Checks that have been written and recorded in a company's accounting system but have not yet been cashed or cleared by the bank.