Advantages of manual transaction processing

 · With manual or partially automated systems information often has to be written down and copied or entered more than once. Systemisation .  · Manual data entry does not require expensive systems, machines and programs. Small business owners do not always have a large start-up fund when getting operations running and off the ground. A manual processing system allows a business to get into the game without having to invest a lot of precious capital into computers, machines and computer processing . Literature Review Transaction Processing System or TPS can be defined as a type of Information System or IS which gathers, stores, changes and retrieves the data transactions of an organization or business Thus, it offers tools that will help to ease or automate application programming, execution and administration.

Prone to Damage and Being Misplaced. Manual document filing means you are placing faith in the people handling the files. There are so many ways they can be damaged, lost, or misplaced. A fire or natural disaster could mean the loss of all your clients' important information. You will have to start over at square one getting the information. A. Fewer manual controls over reporting transactions B. Fewer IT employees would be needed to maintain the system The advantages to real-time processing include: A. As the data are entered, the system checks for input errors - therefore, errors can be corrected immediately. The advantage is that usually transaction processing is really fast, it takes up usually a few seconds, however, if there a lot of files in queue, the time taken to process data might take a long.

Transaction processing systems have their drawbacks, such as maintenance costs and initial expenditure, but their benefits – such as tapping broader customer bases and helping streamline accounting functions – make up for them. Advantages and Disadvantages Transaction Processing System (TPS) Advantages • Batch or real-time processing available • Reduction in processing time, lead time and order cycle time • Reduction in inventory, personnel and ordering costs • Increase in productivity and customer satisfaction Disadvantages • High setup costs • Lack of standard formats • Hardware and software incompatibility. Answer (1 of 4): • It is much time consuming.• Often the books are lost and the librarian is not aware of this.• No proper records for the workers, members and books transaction.• If manual record book is lost data will be completely lost.• Lots of Manual labour is required for record keeping.•.