A local lumber mill operator seeks assistance in developing a transaction processing system to manage data more efficiently than Excel. Homestead Applications can be filed online! You may also download the applications in a PDF format. A transaction processing system is a computerized system that performs and records the daily routine transactions necessary to conduct business. 5)Which of the following processes hardly represents a practical process implemented in a Transaction Processing System? The purpose of this assignment is to deepen your understanding of Transaction Processing Systems (TPS) and their critical role in the operations of businesses. Practically, a TPS system gathers, stores, alters, and retrieves data transactions in a business. International Journal of Computer Information Systems, Vol. 4, No. 5, 2012 Business Transaction Processing System Mohammad Bin Amin MD. Alauddin Dept. This video explains the concept of Transaction Processing System (TPS) with real-world examples.