Home > Term: dematerialization
dematerialization
If a company recorded only paper transactions and then decides to utilize a more efficient method, like a computer tracking system. This often happens when a new business starts out with paper and then experiences tremendous growth in profits. The business will switch to an automated bookkeeping system.
- Part of Speech: noun
- Industry/Domain: Accounting
- Category: General accounting
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- anton.chausovskyy
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