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Electronic Recording Machine, Accounting Jesse Russell

Electronic Recording Machine, Accounting

Jesse Russell

Published April 27th 2012
ISBN : 9785511846439
Paperback
130 pages
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 About the Book 

High Quality Content by WIKIPEDIA articles! ERMA (Electronic Recording Method of Accounting), was a pioneering computer development project run at SRI under contract to Bank of America in order to automate banking bookkeeping. The project, under theMoreHigh Quality Content by WIKIPEDIA articles! ERMA (Electronic Recording Method of Accounting), was a pioneering computer development project run at SRI under contract to Bank of America in order to automate banking bookkeeping. The project, under the technical leadership of computer scientist Jerre Noe, ran from 1950 to 1955 and was considered a success by all involved, at which point General Electric was contracted to build 32 ERMA machines. They were so successful in operation that Bank of America was propelled ahead of other banks in profitability, and became the worlds largest bank by 1970.