How is Management Information System different from Transaction Processing System?
How is Management Information System different from Transaction Processing System?
Management Information System is basically an extension of Transaction Processing System. To understand MIS, it is very important to understand what a TPS is. This is because a MIS can not exist without a TPS. In extension to TPS, MIS provides additional reports and information to the middle and lower level managers of an entity.
MIS analyses past data and the current data to provide meaningful information to the user. Its basic function is to provide accurate and timely data to the managers which improves their quality of decision making in the day to day operations of the entity.
