Systems that gather business event data at the time of occurrence, update the master data essentially instantaneously, and provide the results arising from the business event within a very short amount of time are referred to as:

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Online real-time (OLRT) systems gather business event data at the time of occurrence, update the master data nearly instantaneously, and provide the results arising from the business event within a very short amount of time. OLTE (A) refers to systems that allow for the direct entry of transaction data while OLTB (C) refers to the data that is being processed by OLRT systems. EDM (D) refers to the software used to handle electronic documents.

Systems That Gather Business Event Data at the Time of Occurrence