Transaction Processing System (TPS) was among the earliest computerized system whose primary purpose is to record, process, validate, and store transactions that take place in the various functional areas of the business for future retrieval and use.Some of the key role that supports TPS as backbone of the company's information system are:
Every business firm requires IS for the collection, storage and retrieval of data and statistics, for proper functioning of an organization.
An organization's TPS makes monitoring each and every transaction easier and efficient ways by saving company's time, energy, money and efforts.
TPS is the data lifeline for company because it is the source of data for other information system such as MIS, DSS.
Without TPS there will be no other systems functioning its roles.