What Is A Transaction Processing System, Function, And How It Works

Illustration (photo: Unsplash)

YOGYAKARTA - Each business certainly has various activities involving transactions. This will be very important because it is directly related to the financial condition of a company. The potential for errors that exist when calculating or making transactions will certainly cause losses in the business. Therefore, a transaction processing system was created.

Reporting from Antara, Transaction Processing System (TPS) or the transaction processing system is a system that is used to record transactions on a daily basis that can be generated in business operational activities.

This computerized information system is developed to process a number of business transaction data regularly, one of which produces the right financial information.

In addition, this system also has many functions, such as recording and processing data obtained from transaction activities, including:

Some of the characteristics possessed by the transaction processing system are as follows:

The main goal of establishing this system is to track the flow of transactions carried out in a company.

Some of the functions of the transaction processing system are as follows:

The first stage is collecting all data to complete the transaction process.

The data will then be inputted into the transaction processing system in two ways, namely manually or automatically.

However, transactions must be taken directly from actual resources and recorded on time and accurately.

Furthermore, the transaction data that has been collected and inputted will be processed in the Transaction Processing System (TPS) and can be done in two ways, including batch processing and online transaction processing or OLTP.

Batch Processing is a type of data processing where business transactions that have been accumulated for a certain period will be processed simultaneously.

This method is very important for companies that store large amounts of data but only have limited resources.

Meanwhile, OLTP or online transaction processing is a data processing or processing system where each transaction will be processed in real time without having to wait for the transaction to be accumulated.

Online Transaction Processing (OLTP) is a data processing system where every transaction is carried out in real-time without having to wait for accumulated transactions.

That's a review of the transaction processing system. Hopefully this information will be useful! Visit VOI.id to get other interesting information.