Question

Functions, Characteristics and Advantages of Transaction Processing System (TPS). Write around 250 words of your own and please don't take entirely from Google

Answer 1

• ​​​​​​Functions of TPS:

1. Input- The basis function is to capture the data from a source document and entering it into the system.
2. Processing- The system process the captured data from outside and checking for the errors.
3. Output- The processed information is then produced on screens or reports.
4. Storage- The data is finally stored in data files and database.

• Characteristics:

1. Rapid response- This means TPS basically provides a very fast response to any kind of business transaction which is very good for the functioning of the business.
2. Reliability- TPS system is very reliable. There are very low rate of failure in the system as measure are taken time to time to monitor the system.
3. Standardization- A standard benchmark is maintained for each and every transaction to maximize the efficiency.
4. Ease of use- Using of TPS is very easy for the common users.

• Advantages:

1. ​​​​​​​Transaction processing is very fast therefore it helps in efficient functioning of business organization.
2. Ensures data integrity and accuracy.
3. Reduction in physical storage of data, personnel and the cost of processing the data.
4. Provides customer satisfaction by timely processing the transaction and with accuracy.