Abstract
Transactional costs are one of the key group of costs in business operations related to the provided goods or services. Reduction of these costs, while maintaining the quality of the product at the level expected on the market is the goal of monitoring and managing expenses in companies. One of the methods for reduction the transactional costs is an integration of IT systems. The aim of this paper is to develop a conception of integration of IT systems used by Polish financial institutions. Taking advantage of this conception in business practice may lead to a reduction of transactional costs.
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Notes
- 1.
Pursuant to new regulations, personal data mean data that allow the identification of a natural person. This may include information such as: first name, surname, PESEL number, gender, email address, but also less obvious data such as the IP number, data on location, genetic code, political views or purchasing history. Any and all information collected about a given person, which allow identification, constitute personal data regardless of whether processed as paper copies or in digital form. https://www.gov.pl/cyfryzacja/rodo-informator.
- 2.
Set of procedures, laws and regulations designed to stop the practice of generating income through illegal actions.
- 3.
Article 105.4, Banking Law—banks, together with banking industry chambers, may establish institutions to collect, process and transfer: (1) to banks—information constituting bank secret, if such information is needed in connection with the performance of banking activities; (2) to other institutions with statutory authorization to grant credits—information about claims, turnover and balances on bank accounts, if such information is required in connection with granting credits, loans, bank guarantees and warranties. http://prawo.sejm.gov.pl/isap.nsf/download.xsp/WDU19971400939/T/D19970939L.pdf.
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Wróbel, E., Hernes, M. (2020). The Systems’ Integration Conception for Transactional Costs Reduction in Polish Financial Companies. In: Huk, M., Maleszka, M., Szczerbicki, E. (eds) Intelligent Information and Database Systems: Recent Developments. ACIIDS 2019. Studies in Computational Intelligence, vol 830. Springer, Cham. https://doi.org/10.1007/978-3-030-14132-5_32
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DOI: https://doi.org/10.1007/978-3-030-14132-5_32
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