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TRANSACTION PROCESSING SYSTEM (TPS)

A TPS is an information system that collects, store, modify, and

retrieve the day-to-day transactions by an organization. A transaction is

an event that either modifies existing data or generates new data that is

stored in an information system. TPS increases the speed of transaction

processing, reduce clerical costs, and improve customer service. Typical

activities in the TPS are 1) Recording a transaction, 2) Confirming an

action, e.g. purchase confirmation note 3) Maintain data, including

adding/modifying data.

With the online transaction processing (OLTP) system, the

transactions are processed realtime with faster speeds.

MANAGEMENT INFORMATION SYSTEM (MIS)

It is an information system that provides accurate, timely, and

organized information, which managers and others can use to make better

decisions, problem solving, progress tracking, etc. MIS is capable of

quickly computing and comparing data. MIS generates three basic types

of reports: detailed, summary, and exception. A detailed report generally

just lists transactions only. A summary report provides consolidated data

(with subtotals, graphs, tables, etc.). An exception report provides data

outside of normal conditions, e.g. cash transaction above the daily average

transaction.

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