Straight-Through Processing (STP)
Definition
An automated process flow that completes transactions from initiation to settlement without manual intervention.
Overview
Straight-Through Processing (STP) refers to the complete automation of a business process from start to finish without human intervention. Originally used in financial services for trade processing, STP now applies to any end-to-end automated process. Achieving high STP rates requires clean data, well-defined rules, and robust exception handling. STP dramatically reduces processing costs and cycle times while improving accuracy.
Why It Matters
Every transaction that requires human touch costs 5-10x more than a fully automated one. Increasing STP rates from 50% to 90% can cut operational costs in half while accelerating processing from days to minutes—a direct competitive advantage.
How New Odyssey Helps
New Odyssey maximizes STP rates by combining intelligent data validation, AI-powered exception handling, and pre-built industry workflows that process routine transactions without human intervention from day one.
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