Document processor vs transaction processor

The differences between document processors and transaction processors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both a document processor and a transaction processor. Additionally, a transaction processor has an average salary of $47,123, which is higher than the $32,730 average annual salary of a document processor.

The top three skills for a document processor include data entry, quality standards and real estate. The most important skills for a transaction processor are clerical tasks, computer database, and business operations.

Document processor vs transaction processor overview

	Document Processor	Transaction Processor
Yearly salary	$32,730	$47,123
Hourly rate	$15.74	$22.66
Growth rate	-	-3%
Number of jobs	8,761	7,364
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 35%	Bachelor's Degree, 38%
Average age	50	50
Years of experience	12	12

What does a document processor do?

Document processors are professionals who are responsible for managing the documenting processes and systems of an organization. These processors are required to organize documents after they have received and processed incoming documents such as texts and audio-visual formats. They must follow the data program techniques and procedures so that they can maintain data entry requirements and ensure quality assurance with all work completed. Document processors must also adhere to companies when handling materials, especially those with confidential information.

What does a transaction processor do?

The duties of a Transaction Processor include managing clients, office administration, and data analysis. You will be tasked with meeting daily data execution as well as analysis under an environment with customers where you will constantly be required to meet deadlines. You will also be required to transcribe data into simpler, easy-to-understand forms for clients. Your data analysis game has to be top-notch and unrivaled. Generally, your job is to be the first line of support for all operations as well as business initiatives.

Document processor vs transaction processor salary

Document processors and transaction processors have different pay scales, as shown below.

	Document Processor	Transaction Processor
Average salary	$32,730	$47,123
Salary range	Between $26,000 And $40,000	Between $30,000 And $72,000
Highest paying City	Boston, MA	-
Highest paying state	Massachusetts	-
Best paying company	Pfizer	-
Best paying industry	Insurance	-

Differences between document processor and transaction processor education

There are a few differences between a document processor and a transaction processor in terms of educational background:

	Document Processor	Transaction Processor
Most common degree	Bachelor's Degree, 35%	Bachelor's Degree, 38%
Most common major	Business	Business
Most common college	-	-

Document processor vs transaction processor demographics

Here are the differences between document processors' and transaction processors' demographics:

	Document Processor	Transaction Processor
Average age	50	50
Gender ratio	Male, 28.9% Female, 71.1%	Male, 28.1% Female, 71.9%
Race ratio	Black or African American, 6.7% Unknown, 4.5% Hispanic or Latino, 10.7% Asian, 4.7% White, 72.3% American Indian and Alaska Native, 1.1%	Black or African American, 6.7% Unknown, 4.5% Hispanic or Latino, 10.7% Asian, 4.7% White, 72.3% American Indian and Alaska Native, 1.1%
LGBT Percentage	7%	7%

Differences between document processor and transaction processor duties and responsibilities

Document processor example responsibilities.

Manage a monthly pipeline averaging 100 files from origination to funding per month as a Jr. processor.
Summer internship, FHA loan processing
Used WordPerfect in windows environment.
Scan responses using an OPEX scanner.
Enter vehicle data into the AS400 system.
Prep, scan and index documents using OnBase.

Transaction processor example responsibilities.

Coach fellow team members to help attain higher QA and assist with CANDE questions to ensure efficiency.
Process Medicaid medical and dental claims - ensure accuracy and completeness of data
Apply a vast working knowledge of pertinent laws and regulations (HIPPA).
Exercise knowledge of HIPAA regulations to process health insurance payments in a secure environment.
Process incoming mail for swp-adjustments and payouts, dividend address change or ACH set-up.
Process incoming ACH fund payments and assign incoming federal fund wires to appropriate customer/firm accounts.

Document processor vs transaction processor skills

Common document processor skills

Data Entry, 51%
Quality Standards, 7%
Real Estate, 5%
Computer System, 4%
Office Equipment, 4%
Clerical Tasks, 2%

Common transaction processor skills

Clerical Tasks, 26%
Computer Database, 25%
Business Operations, 16%
Data Entry Functions, 7%
Processing Tasks, 7%
Completeness Data, 3%

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Document Processor
Document Processor vs Transaction Processor

Updated January 8, 2025

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