As customers increasingly use the Web to buy things, recording that customer transaction becomes more important. Transactional content capture and management will be a critical element to an organization’s successful e-business strategy and implementation.
Transactional Content Management is a critical part of the B2B infrastructure needed to allow buyers, sellers, and marketplaces to seamlessly conduct e-commerce. It consists of creating, managing, finding, and retrieving e-commerce related data such as product, supplier/vendor information, credit information, etc, in electronic form.

Successful Enterprise Spend Management as well as E-Marketplace Transaction Management depend on the following:

• Access all transactional-data sources within and outside the enterprise.

• Adopt a common classification schema enterprise-wide.

• Establish efficient and repeatable data cleansing and classification capabilities.

• Augment category expertise to ensure data and classification accuracy and validation.

• Classify spending at a detailed level.

• Enhance core spend data with vital business intelligence.

• Increase frequency and coverage of spending analyses.

• Utilize advanced reporting and decision support tools.

• Continuously expand uses and scope of spend data management program.