In financial terms, archiving is to reduce the number of transactions by using them in similar records. In some cases, financial changes cannot be archived once changed - like ledger information for a Demat account.
For e.g: Brokers, credit unions, commercial & retail banks, etc - archive a lot of financial data.
In financial terms, archiving is to reduce the number of transactions by using them in similar records. In some cases, financial changes cannot be archived once changed - like ledger information for a Demat account.
For e.g: Brokers, credit unions, commercial & retail banks, etc - archive a lot of financial data.