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Organizing Relationships

Today, many firms consider transaction processing to be their most important computer application. A surprisingly large number of firms, however, have not carried computer based information processing far beyond the transaction processing stage.

Transaction processing systems in many organizations today are used in this way as competitive weapons. Additionally, the move from dumb terminals intelligent microprocessor based workstations is expected to alter transaction processing in other ways, such as by distributing certain traditionally mainframe-based centralized transactions processing functions closer to their functional area.

Transaction processing system supports the processing of an organization’s transactions. This includes accounting for the transactions on its records, as well as providing support activities such as sending out payment reminders. Recently gaining competitive advantage has become a transaction processing concern in some firms, especially those that are working to tie customers and suppliers together more closely with the organization’s transactions TPS via Electronic linkages.