Business process:

Business process is an unmatched method or way in which business firms integrate and arrange their work activities, information, and Knowledge to produce their product or service. Workflows of material, information, knowledge Sets of activities, steps May be tied to functional area or be cross-functional Business process may be asset (good business process is an assets for a business) or liabilities (poor business processes can be a liability for business)

Finance:
The finance department is responsible for the firm's process of managing financial assets, such as cash, stocks, bonds, and other investments in order to maximize the return on these financial assets. The finance dept is also in charge of managing the capitalization of the firm (finding new financial assets in stocks, bonds, or other forms of debt). In order to determine whether the firm is getting the best return on its investments, the finance function must obtain a considerable amount of information from sources external to the firm. Finance dept is also prepare estimated budgets on the bases of past data (accounting records) and some information from external sources (e.g. tax rate etc). In this Finance process MIS (source of MIS is TPS) is applied along with Decision support system (DSS source is also TPS).

Accounting:
The accounts department is responsible for the process of maintaining and managing the firm's financial records receipts, Creating financial statement, disbursements, depreciation, and payroll to account for the flow of funds in a firm. Finance and accounting share related problems how to keep track of a firm's financial assets and fund flows. They provide answers to questions such as these: What is the current inventory of financial assets? What records exist for disbursements, receipts, payroll, and other fund flows, Securities reports and receipts. Transaction processing System (TPS) is applied in accounting process because accounts' work is at operational level.

Finance and accounting Process establishes long-term investment goals

for the firm and provides long-range forecasts of the firm's financial performance. At the management level, Management information systems help managers oversee and control the firm's financial resources. Knowledge systems support finance and accounting by providing analytical tools and workstations for designing the right mix of investments to maximize returns for the firm. Operational systems in finance and accounting track the flow of funds in the firm through transactions such as paychecks, payments to vendors.

Fulfilling a customer order involves a complex set of steps that requires the close coordination of the sales, accounting, and manufacturing functions. Examples of Finance and Accounting Information Systems Functional Area Accounting Finance Finance Executive Process Accounts receivable Portfolio analysis Budgeting Profit planning Description Track money owed the firm Design the firm's portfolio of investments Prepare short-term budgets Plan long-term profits Organizational Level Operational (TPS) Knowledge(MIS) Management(MIS) Strategic(ESS)

An Accounts Receivable System

An accounts receivable system tracks and stores important customer data, such as payment history, credit rating, and billing history. This all work is done on operational level so TPS is applying at this level.

Interrelationships among Systems

The various types of systems in the organization have interdependencies. TPS are major producers of information that is required by many other systems in the firm, which, in turn, produce information for other systems. These different types of systems are loosely coupled in most business firms, but increasingly firms are using new technologies to integrate information that resides in many different systems.