What is the primary function of transaction processing (TP) systems?

The primary function of transaction processing systems is to process data generated by day-to-day business operations. These systems are designed to handle a large volume of transactions efficiently and accurately, ensuring that data is recorded in real-time as business activities occur. This includes activities such as sales transactions, order processing, payment processing, and inventory management.

Transaction processing systems play a crucial role in supporting operational efficiency and providing reliable data for day-to-day business decision-making. They ensure that transactions are processed in a secure and orderly manner, which is vital for maintaining accurate records and supporting various business functions.

While managing customer relationships, analyzing market trends, and developing software applications are important aspects of broader organizational activities, they do not directly relate to the core function of a transaction processing system, which is focused on the systematic recording and management of transactional data.