Information System based on function:-
Finance: These systems manage financial transactions and resources.
They include General Ledger Systems for tracking transactions,
Budgeting Systems for planning financial resources, and Financial
Reporting Systems for generating reports. Each system helps in
controlling and analyzing financial data.
Accounting: This is the process of recording, classifying, and
summarizing financial transactions. It provides a clear picture of an
organization’s financial health and performance. Accounting helps in
decision-making, cost planning, and measuring economic performance
Production: This is the process of transforming inputs like raw
materials, labor, and capital into finished goods or services. It
involves combining these resources efficiently to create products that
satisfy consumer needs. Production can be classified into three main
types: primary (extraction of raw materials), secondary
(manufacturing), and tertiary (services)
Marketing: This is the process of creating, promoting, and delivering
products or services to meet consumer needs. It involves market
research, advertising, sales, and distribution. The goal is to attract
and retain customers by providing value and building brand loyalty2.
Effective marketing strategies can significantly boost a company’s
visibility and sales.
Human Resources: Human Resources (HR) manages the employee life cycle,
including recruitment, on boarding, training, and performance
management. They ensure compliance with labor laws and handle employee
relations. HR also manages compensation and benefits, fostering a
positive work environment.
Information System based on management:-
Executive Information System: An Executive Information System (EIS)
supports senior executives by providing easy access to critical
information. It features graphical displays, a user-friendly
interface, drill-down capabilities, and real-time data access. EIS
helps in monitoring performance and making informed decisions.
Decision Support System: A Decision Support System (DSS) aids
decision-making by analyzing large data sets and presenting useful
information. It provides comprehensive reports, projections, and
analyses to help managers make informed decisions. DSS is adaptable to
various industries like healthcare and finance.
Management Information System: A Management Information System (MIS)
provides managers with essential data to make informed decisions. It
collects, processes, and analyzes data to support planning,
controlling, and decision-making. MIS enhances organizational
efficiency and productivity.
Transaction Process system: A Transaction Processing System (TPS)
manages the collection, storage, and processing of transaction data.
It ensures data availability, security, and integrity, and supports
both batch and real-time processing12. TPS is essential for handling
daily business transactions like sales, purchases, and payroll.