A networked system includes a processing system and a tracking system. The processing system includes applications for processing business events and between which the business events may be transferred. The tracking system monitors a status of each business event as the business event flows through the processing system. Each application of the processing system generates an event message at a predetermined stage and sends the event message to the tracking system. The event message includes correlation information generated by the application based on predetermined rules. The tracking system matches the event message to a previous event message based on the correlation information and assigns a tracking identifier of the previous event message to the current event message.