Transaction Processing System

Transaction Processing System (TPS)

Definition:

A transaction processing system (TPS) is an information processing system for business transactions involving the collection, modification and retrieval of all transaction data.

Transaction processing system keeps on organization running smoothly by automating the processing of the large amount of paper work that must be handled daily. The term "transaction," in this case, does not only refer to financial aspects, but to requests for information as a whole, such as booking a flight or just logging into an online bank account. In direct contrast to a transaction processing system is a batch processing system. This system processes multiple transactions or a "batch" of transactions simultaneously. In order for transaction processing to work, all the operations must succeed or fail as a group. A modern analogy is a torrent file connected to a folder of files. The user cannot immediately access a file until all the files in the folder are completely downloaded. The system brings real-time results that create more convenience and less confusion. Thus, it is also known as real-time processing system. A simple example of transaction processing is paying a utility bill from your bank account. Sometimes, the term date processing system is used for transaction processing system. The primary purpose of this system is to effectively process the data that arise from transactions.

The transaction processing system of a departmental store can record customer purchases, prepare billing and booking of order from suppliers and inter-relate these tasks into an overall accounting system. The transaction processing system of a college helps performing such tasks as enrolling students in courses, billing students for tuition, and issuing pay check.

Features:

Rapid Processing

Controlled Access

Standardization

Consistence

Durability

Serializability

Reliability

Management Information System (MIS)

Definition:

A management information system (MIS) is a computer-based information system which consists of a database to optimize the collection, transfer and presentation of information throughout a multilevel organization. MIS is like a kind of emerging technology, the primary task of MIS is to maximize the use of modern computing and network technology to reinforce the enterprise information management (EIM). It is used for establishing the accurate data to investigate the organization's human resources, financial resources, material resources, facilities and techniques. First time the term management information system appeared is in U.S. navy report on the use of computers to build a single system to manage all navy resources. The idea of MIS spread rapidly throughout the administrative community, and then it is encouraged by a spate of subsequent reports and conferences sponsored by the American Management Association. MIS is usually used for system decision making. The example is MIS can find out the urgent issues that must be solved and feedback to the higher level managers. It helps managers to immediately know the present. In other words, the final purpose of MIS is telling supervisors that how the organization is going and helps them to plan a better routing of the organization. MIS should be a closed-loop management. If not, the correctness and accuracy of information