A business offers a "value proposition" to its customers (and potential customers). In this context, a business transaction is some good or service (or combination) provided by the business to its customer(s) as part of this value proposition. Therefore, a Business Transaction Processing System is a system that supports a business in the delivery of its business transactions.
A business transaction may be as short as a phone call to the bank for an account balance or as long as a mortgage (from the initial mortgage application to final satisfaction being sent after the last payment) and perhaps even as long as the lifelong relationship with a bank (covering multiple accounts used for different purposes). Business transactions may have hierarchical relationships (such as the relationships between the business transaction represented by a check to the business transaction represented by a bank account).
Each type of business transaction may have multiple states before it is completed. At each stage in its lifecycle it may generate various measurements (financial or otherwise) that may be used by management / stockholders / regulators to monitor and / or control the business.
We develop customised software driven solutions to such like needs as mentioned above . It may pertain to Management of Finance, Materials, Manpower, Marketing, Logistics etc. We suggest to test the product taste the flavour! - there is no better test than tasting by own self.
A TPS has the ability to process work flows. Each state of the business transaction is represented by a step in the work flow. Each step in the work flow may be composed of the following phases:
The work flow component of the system allows the rules that define sequence of steps (dependencies) and the rules that define the processing to be performed at each step and can be easily modified by the users.