Data from sales orders, payroll, accounting, financial, marketing, purchasing, inventory control, and so forth are processed by a combination of hardware and software called Financial Processing Systems FPS).

Question

Quizplus · Accepted Answer

These types of data are processed by Enterprise Resource Planning (ERP) systems, which integrate various functional areas of an organization, not just financial processing. FPS primarily focuses on financial transactions.

Data from Sales Orders, Payroll, Accounting, Financial, Marketing, Purchasing, Inventory