Processes

Processes are operations that transform the state of an object or a person. This can, for example, be an order placed via the internet: ordering an object or a service creates a liability for the supplier to deliver, and initiates the transfer of property rights form one entity to another. Value is added to the object traded by processing the order and delivering it to the customer. The order then initiates other processes on the backstage, where the good or service provider prepares the commodity for being delivered. The electronic handling of processes is likely to speed them up, to affect factor combinations and to introduce new processes in the realisation of the same transaction (e.g., authorisation checks).