What is the different between TBMS and TMS?

The key difference between a Translation Business Management System (TBMS) and a Translation Management System (TMS) is their focus and functionality.

A TMS primarily manages the translation workflow, including translation memories, glossaries, and automation to improve translation quality and efficiency. In contrast, a TBMS goes beyond translation tasks to handle the entire business side, such as client management, pricing, invoicing, payments, and business reporting. Essentially, a TMS optimizes translation processes, while a TBMS manages both translation projects and the overall translation business operations