Introduction
Information systems can be defined as strategies encompassing individuals and computers which process and interpret data. Different data sets are used in information systems, primarily business-related data (Mumby & Kuhn, 2019). Examples of information systems that are highly engaged in businesses include the MIS, TPS, DSS, and pyramid diagram. Internet resources and websites, mainly score.org, can be used in our company to advance and enhance the management’s knowledge of unique approaches to growing the business or more significant levels. Through the use of score.org, it is possible to learn innovative ideologies on effective ways to transition companies to greater levels. Score.org, among other internet websites, offers mentorship programs for business starters and strategies for growing existing and transitioning businesses.
Information Systems in Business
Through the Transaction Processing System (TPS) as an information system in our business, it is possible to perform accounting and handle various government requirements. The primary role of the Transaction Processing System is to ensure that data related to business transactions is collected, stored, modified, and accessed (Mumby & Kuhn, 2019). Accounting in the TPS is done by letting the system process transaction-related data and record all financial details to accurate time procedures. Therefore, the TPS in a business ensures all financial transactions are timely processed and recorded with necessary modifications to customer services, updating matches to economic statistics, and storing data (Mumby & Kuhn, 2019). During the processing of financial data, government licenses and taxes are equated to real-time functionality, and the Transaction Process System statistically processes operations and taxable sales.
Information systems form a basis for competitive advantage in business organizations. For instance, the Transaction Process System is characterized by faster data processing that is accomplished in real-time. It is reliable due to its fastened operations. Operations in TPS are computed very fast, thus allowing for quicker and more effective business operations (Mumby & Kuhn, 2019). TPS also engages standard procedures that ensure free errors in the business financial management. The legal systems offer a supportive operational functionality to the business that conducts tasks such as data collecting, editing, correcting, manipulation, storing, and production.
Ways of integrating data in the Transaction Process System include the Batch and the real-time processing. Batch processing is a strategic procedure that allows for the accumulation of data to be analyzed and interpreted over a long time (Darmayadi et al., 2021). The possible tasks involved in this method include expansion of calculations based on employees’ payroll that are done after a certain period (payroll systems). At the same time, real-time processing involves the on-time procedures executed as the transaction is underway (point of sale systems). They include services such as booking online services and payment of goods by customers. In real-time processing, one transaction is done at a time; therefore, it must keep running to execute more tasks.
Considering the roles of the Transaction Process System, functional area systems, and ways to integrate data, they help identify and solve issues. Transaction Process Systems allow for data access; this function gives an opportunity to managers (financial and operational) to identify any possible errors and problems. Intercomputer communication enables the business or company to effectively pass messages and information from the functional manager to finance and feedback flow (Darmayadi et al., 2021). This makes it easier to correct and determine the source of error or problem. The intercommunication ability created in the Transaction process System is a firm ground for solving emerging issues. Thirdly, the Transaction Process System offers an opportunity to design and manage the user interface. This role provides an opportunity to monitor the system usability, and thus the operational managers can determine the ease of use for the employees and customers.
The functional area of systems in a business creates a basis for multiple roles in a company. These include the tasks in production, marketing, finance, and human resource. The financial information systems form a minor system from the organizational management information system that allows and supports the making of decisions in the organization (Mumby & Kuhn, 2019). Decisions related to financial accountability are performed under the financial information systems. Thus, financial managers can detect potential economic issues arising in the business. The marketing information system forms a subsystem of the management information system that offers data on the different roles of the marketing system in a company through the provision of data (Darmayadi et al., 2021). It allows for correcting mistakes and errors arising from purchasing, distribution, communication, and transaction-related strategies. A production information system is associated with making decisions on product design. The designing of products helps identify and solve problems arising in the production process. Then the human resource information system offers support to personnel in an organization’s management. The roles that aid in identifying and solving problems include division of labor, planning of manpower, staffing, training, and development.
Conclusion
In conclusion, the use of information systems in business organizations has contributed positively to identifying and solving emerging issues. The application of the Transaction Processing System has led to high levels of performance in our business through their designs of operations. Several information system functions are aimed at creating an intercommunication and operation between the varied business departments, including financial, production, marketing, and supply, through the various ways of integrating intercommunication between functioning managers.
References
Darmayadi, A., Nurfitriyanti, L., Khaira, A. J., & Dewi, N. P. (2021). Information System for Transaction Activities in a Company. International Journal of Education, Information Technology, and Others, 4(3), 338-344.
Hasan, F. F. (2018). A Review study of information systems. International Journal of Computer Applications, 179(18), 15-19.
Mumby, D. K., & Kuhn, T. R. (2019). Organizational communication: A critical introduction. Sage Publications.