XInvoice
XInvoice is a standard format for electronic invoices in Germany. It was developed to simplify and standardise the exchange of invoice data between companies and the public administration.
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Immerse yourself in our diverse world of knowledge and inspiration. In our glossary you will find all terms from the world of IT.
XInvoice is a standard format for electronic invoices in Germany. It was developed to simplify and standardise the exchange of invoice data between companies and the public administration.
Validation Validation in data processing: importance and advantages Validation plays a critical role in data processing to ensure the quality, accuracy and reliability of data. In this glossary article, we’ll
A smart home is a house or similar facility where appliances and devices can be controlled remotely from anywhere with an internet connection.
Return on investment (ROI) is a key concept in the world of corporate finance. This indicator serves as a benchmark for the profitability of investments and plays a decisive role in strategic decisions made by companies.
IDP What is “PPS”? PPS stands for Production Planning and Control System. This is a computer program/software tool designed to help companies plan, control and monitor production, as well as
A pitch is a summary of your story/business idea in a single sentence (max. In one paragraph) – also called a high-concept.
Production data acquisition, or PDC for short, refers to the systematic collection and processing of data for controlling and optimizing operational processes.
Optical Character Recognition (OCR) is a pioneering technology that makes manual text recognition obsolete and significantly increases efficiency in various industries.
The term “on-premises” (also called “on-prem”) refers to an IT infrastructure that is operated locally on a company’s premises.
No-code describes a method or platform that can be used to create applications or software solutions without the need for programming skills.
MDE is an abbreviation for the term Machine Data Acquisition. Machine data refers to all the information that accumulates on an industrial machine.
Low-code describes a method or platform that allows applications or software solutions to be developed with a minimal amount of traditional, hand-written code.
IDP stands for Intelligent Document Processing. It is an advanced technology based on artificial intelligence (AI) and machine learning to automate and optimize document processing.
The General Data Protection Regulation (GDPR) is a regulation of the European Union. The GDPR is a standardization of data protection in Europe. I
The abbreviation ERP stands for “Enterprise Resource Planning”. It refers to a software that supports companies in resource planning.
A domain (from English domain, “area”, “domain”) is a coherent subarea of the hierarchical Domain Name System (DNS).
The abbreviation DMS stands for Document Management System. It is basically a system and software that is used to manage, store and track electronic documents and images.
The term debtor is derived from Latin and literally means “debtor”. Thus, debtor is another term for a debtor from delivery and/or services. In practice, it is often the customers of a company who buy goods on account or use services for which they have not yet paid. However, a company or a legal entity under public law can also be a debtor.
In today’s competitive business environment, effective management of customer relationships is critical.
A creditor in finance is also called a creditor who has a claim or a receivable. Any individual or legal entity, as well as any company that supplies goods or provides services, becomes a creditor.
Computerized Numerical Control, or CNC for short, refers to the computerized numerical control of machine tools (CNC machines).
The term cloud (German: “Wolke”) is short for cloud compution and refers to an infrastructure for the provision of IT services and resources that are accessible via the internet.
Whether in medical technology, mechanical engineering or marketing, artificial intelligence, or AI for short, is being talked about more and more everywhere these days. But what is it exactly? And what is it good for?
