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Video on Benefits of Transaction Processing System:Īlso read: Pros and Cons of Transaction Processing System Components of Transaction Processing Systemīelow are some of the components involved in a TPS: It is highly versatile as it can work effectively as a multi-user interface and can also be accessed anywhere there is an online network. TRANSACTION PROCESSING SYSTEM SOFTWARE EXAMPLE VERIFICATIONRTP ensures instant data processing with the aim of providing a quick verification of the transaction. Recent technology innovations gave rise to real-time processing( 2). This long-established technique was used widely in the absence of infotech. Data collected are stored in the form of batches and may be processed anytime. Processing batch transactions( 1) requires data collection and batch grouping. How does a Transaction Processing System Work? Only authorized personnel, staff members, or employees should be able to access the system at a time. TRANSACTION PROCESSING SYSTEM SOFTWARE EXAMPLE SOFTWAREThe TPS hardware and software components should be able to be upgraded individually without requiring a complete overhaul. It should be structured in such a way that it makes it easy to understand as well as guarding users against making errors during data-entry. The TPS should be user-friendly in order to encourage the use and also decrease errors from inputting data. The TPS must maintain the same method for all transactions processed, the system must be designed to effectively protect data and overcome any hardware/ software issues. Disruption of TPS in an organization can lead to work disturbance and financial loss. The transaction processing system should be a very stable and reliable system that must not crash easily. Effectiveness is based on the number of transactions they can process at a particular time. The concept behind the use of TPS is to efficiently generate timely results for transactions. A few of these critical features are described below. There are several features involved in a good transaction processing system.
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