Transaction Processing System Characteristics and its importance
Since TPS systems are often such a strong business tool, access should be restricted to solely those workers that need their use. Limited access to the system ensures that workers that lack the talents to regulate it cannot influence the transaction process.
The speedy process of transactions is important to the success of any enterprise, greater than ever, with the changes in technology and client demand for immediate action. TPS’ are designed to method transactions just about instantly to confirm that client data is out there to process what is needed.
The Functional Level is the middle level which management make plan of action decisions that are important to the organisation, because they are thought of being more educated and more responsible than the Operation Level management but don’t have as much authority as the Strategic level management, their decisions tend to be more intermediate term issues that answer the organisations needs to complete tasks. Reach objectives and think up of strategies. Control is very important at the Functional Level. Functional Level management set targets to be met for each department or business associates in the organisation that are in line with the main organisational targets set by Strategic Level management. Internal and external data is important for making crucial decisions, which often has a long term time horizon usually between one and three years. The Functional Level uses four different management systems.
Batch process could be a resource-saving group action sort that stores knowledge for processing at pre-defined times. Batch processing is helpful for enterprises that require to process massive amounts of information using restricted resources.
Examples of Batch processing is MasterCard transactions, that the transactions area unit processed monthly instead of in real time. MasterCard transactions would solely be processed once per month so as to provide a statement for the client; thus, Batch processing saves IT resources from having to process every transaction separately.
- A TPS allows for the user/customer to have a level of reliability and confidence during transactions.
- The TPS keeps a stable database and reduces risk of loss of user information in the occurrence of terminal or network failure.
- TPS is swift and cost-effective.
- The TPS is able to effectively recover from operating system failure and also handle system failures depending on what stage the transaction was in when the system failure occurred.
- The TPS can process large amount of data in real time or batches.
- TPS is available in both batch and real time process
- The use of TPS in organizations is a key feature in improving customer service and satisfaction.
- The use of TPS in businesses minimizes the occurrence of error during data transactions.
- TPS can function anywhere. This means that location, geography, language, or methods are a barrier to using a transaction processing system.
- The TPS is designed to be user friendly.
- It is versatile as it encourages the use of online payment system in real time and increases more payment methods.