Automatic categorization of financial transactions is the centerpiece of any PFM solution. But where do transaction categories come from? How are they automatically assigned? How is success measured and how do we ensure that the system improves over time?

Strands has published a white paper that will interest anyone seeking to answer these questions. Read it and learn:

  • How to define category taxonomy
  • How categorization rules work
  • How to prioritize rules & handle conflicting rules


Design Principles: Transaction Categorization