Adding Analytics to Tally ERP Can Improve ROI!

How Can I Improve ROI for Tally ERP? It’s Simple! Add Analytics!

Surveys reveal that the top three vertical industries currently using Tally ERP include Manufacturing, Retail and Real Estate. No matter what your business industry is, if you are using Tally ERP, you want to get the most out of your investment. As with any software solution, IT teams and executives constantly look for the tools that will give them the most benefit and value for the least investment. So, Return on Investment (ROI) is paramount!

‘Using the existing data and data structure within Tally ERP, analytical tools can provide additional insight and value to the organization, to business users, to clients and to the bottom line.’

If you are using Tally ERP, your team members probably depend on it for accounting, inventory, purchasing, sales, and other finance-related and data management activities. Why not add more value to the organization and to the clients and colleagues it serves?

Minimum Viable Products (MVP) Produces Better Business Start-Up Results

Provide Value to the Organization, Users and Clients

Today, Tally ERP provides an integrated data analytics solution with out-of-the-box reporting and tools that are easy enough for every team member, no matter their technical skills. By enabling business users to sign in to Tally ERP and gather and analyze data across modules with clear, concise reporting, the enterprise can make decisions more quickly, add value in making recommendations to business units and, in a practice management environment, to clients, and thereby improve return on investment (ROI) and customer/client and user satisfaction.

Ensure Mobile and In-Office Access for Users

Cloud-based access through the web or a native mobile app provides access from anywhere and allows users to perform tasks, check on transactions in near real-time, and keep workflow going whether they are working remotely, on the road to a client meeting or in the office. Business users can leverage the familiar Tally ERP app without having to learn difficult, complex analytical techniques or new solutions.

Expand Insight and Reporting Capabilities

The key to improving ROI and the value your team delivers lies in combining team member knowledge of their domain and area of expertise with clear, concise data. By going beyond standard, restrictive reporting and enabling analytics, business users can see trends and patterns, problems and opportunities.

Serve All Business Users with Meaningful, Easy-to-Interpret Data

Sales Managers can monitor and manage sales for monthly, quarterly and yearly results and identify trends, top customers etc. Customer service, supplier and other management teams can manage payables and receivables and stay on top of creditors and debtors and can easily analyze the success and trends of products, services and components. Inventory managers can analyze shortages and overages, suppliers, products, shipping and distribution. Tax professionals can manage and anticipate taxes for future periods. Business users can monitor and manage cost center balances. The list is endless and the tools provided allow users to drill down to the ledger and transaction level to better understand what is happening. Reports are interactive and allow team members to slice and dice data across modules by vendor, product, service, cost, sales person, location, customer, inventory, costs, etc. Using the existing data and data structure within Tally ERP, these analytical tools can provide additional insight and value to the organization, to business users, to clients and to the bottom line.

‘The key to improving ROI and the value your team delivers lies in combining team member knowledge of their domain and area of expertise with clear, concise data.’

Find out how the addition of SmartenApps For Tally will support analytical initiatives, improve Return on Investment (ROI) for Tally ERP, and  provide benefits to your users and your enterprise. Users can Download And Register for SmartenApps for Tally and use Tally data to analyze, explore and clarify and to provide insight to clients, colleagues, management and team members.

Reach Your Mobile App Goals with Hybrid Mobile App Developers!

Hire Hybrid Mobile App Programmers and Build Your Software Team with Confidence!

Statista reports approximately 3.38 million apps in the Google Play Store and 2.22 million apps in the Apple App Store, and an estimated annual revenue of $935 billion dollars for the mobile app market. Certainly impressive statistics! If your organization wants to jump into the market with a consumer app or develop a mobile app for business users, one of the first decisions you will need to make is whether to design for the Android or the Apple market, or to design for both.

Imagine How Citizen Data Scientists Can Help Your Business!

Imagining the Impact of Citizen Data Scientists!

Technology research and analysis firm, Gartner, coined the term, ‘analytic process automation.’ This process ‘converges data science, analytic and process automation into a single platform—which helps companies automate and integrate the way data and business processes come together. Companies can also make data more actionable across the organization.’

‘By providing augmented analytics tools to all business users, with appropriate access and security, each team member has seamless, clear insight into data and can apply analytics to support their roles and responsibilities.’

When an enterprise undertakes a Citizen Data Scientist initiative, it is striving to do just that. In other words, the business wants to make data more actionable across the organization.

In this article, we review the possibilities of the Citizen Data Scientist environment in an effort to help your organization imagine the new business landscape.

Citizen Data Scientists Achieve More Results

Power Users and Champions

With the right augmented analytics tools, designed specifically for business users, team members can leverage analytics, smart data visualization, self-serve data prep and predictive analytics and all of the sophisticated analytical techniques they will need to make fact-based decisions and recommendations. Those team members who are curious about analytics and comfortable sharing knowledge of these technology tools will become power users and champion the democratization of data and data literacy throughout the organization. This cultural shift will take team members out of the ‘wait and see’ environment and avoid guesswork and opinion, and the delays and data gaps that occur when a business user must depend on IT or on data scientists to get detailed, concise reports.

Business Process Streamlining

By enabling personalized dashboards and pushing alerts and reports, businesses processes can be streamlined and users can create dependable processes and actionable data without wading through restrictive reports, or trying to interpret information coming from disparate sources and staff members. Key Performance Indicators (KPIs) provide streamlined, data-based metrics and measurements and keep the team on track.

Collaboration

Augmented Analytics solutions that support business users encourage collaboration and data sharing and allow users to test theories and hypothesize, sharing the results of their research and creating business use cases that can be applied to real-world issues, challenges and opportunities.

Goals and Objectives

By providing augmented analytics tools to all business users, with appropriate access and security, each team member has seamless, clear insight into data and can apply analytics to support their roles and responsibilities. Actions and tasks can be tied to appropriate metrics and to specific goals and objectives to ensure that every team member is working to achieve business goals in a timely, accurate fashion.

‘When an enterprise undertakes a Citizen Data Scientist initiative, it is striving to make data more actionable across the organization.’

Transforming business users into Citizen Data Scientists, provides advantages to the organization, to the business users and to data scientists. With appropriate Citizen Data Scientist Training, the right augmented analytics solution, and organizational planning, the business can provide a solid foundation and build business user confidence by providing an introduction and fundamental information on Predictive Analytics and other tools these users will employ. The business should also consider engaging an IT consulting partner with knowledge of the augmented analytics market, and a solution and support services to provide the guidance and Products And Services your business will need to succeed.

Hire PHP Programmers and Build Your Software Team!

Hire PHP Programmers with the Right Skills and Ensure Project Success!

Recent research of server-side programming languages reveals impressive popularity of PHP for both high and low-traffic sites, making PHP an excellent choice for your new site or app. If you are considering a PHP project, your business might wish to hire PHP programmers with expertise and skills in completing this type of project.

Mr. Ashwin Prajapati – Symphon

Smarten is an easy to use, affordable and powerful BI tool.

It is extremely robust and has helped our team eliminate data redundancy, which is common when using an excel spreadsheet.
It also helped us in collaborating the data from various sources into a single place, giving us interesting and useful insights which in turn helped in making decisions pertaining to increasing our service quality as well as sales.
We now have a single version of analytics for every one in the team.
It has also got N number of visualizations with easy data interactivity options.
With the features like NLP (Clickless Analytics) and Assistive predictive modelling, Smarten is a complete package tool for anyone looking for data analytics integration into their system.
It is also available as Mobile App so it is very easy to have dashboards and reports on the fingertips.

Can Democratizing BI Use Help My Team?

Why is Business Intelligence Democratization Important for My Business?

Gartner research reveals that, ‘80% of organizations seeking to scale digital business will fail because they do not take a modern approach to data and analytics governance.’

If you are considering democratizing business intelligence gathering and analytics, you are not alone! Businesses today face more competition from local and global markets and every team member must work quickly and accurately in support of goals and objectives if the enterprise is to achieve its goals.

‘When senior executives and managers have reliable information and dependable recommendations and suggestions, they can improve performance and accuracy in forecasting, planning and demand.’

In this article, we discuss a few of the reasons a business should consider democratizing business intelligence and analytics within its team and how this type of initiative can be implemented to help your enterprise succeed.

Should I Democratize Business Intelligence in My Business?

Working Smarter

When you provide BI tools to your business users, you democratize data and begin to build a better understanding of the root cause of problems, the opportunities the business can leverage and the way forward to solving problems and creating business success. Team members can work smarter, with quick, concise access, and insight into data via self-serve solutions that streamline and simplify the typically complex analytical process and allow every team member to perform the analysis and, more importantly, to understand what the results are telling them.

Focusing on Core Responsibilities

When you democratize business intelligence and analytics with augmented analytics tools, IT team members, data scientists and business analysts can focus on strategic goals and on initiatives where data must be 100% accurate. Team members can use BI tools on a daily basis to test theories and gather and analyze information to support activities and tasks, collaborate with others and move forward, so EVERYONE can focus on their own roles and core responsibilities.

Supporting the Greater Good

When senior executives and managers have reliable information and dependable recommendations and suggestions, they can improve performance and accuracy in forecasting, planning and demand. Team leaders, business unit managers and others can realize long-term benefits and count on the fact that all team members are working with the right information, that information and analysis is based on current, integrated data and on measurable results. The organization can shift to a results-based environment where problems are analyzed and resolved and opportunities are leveraged to the greatest extent possible, so the enterprise can create an environment of continuous improvement.

Creating a Common Language

When all team members are using business intelligence to test theories and hypothesize, to solve problems and get to the root of a problem, to identify those all-important ‘nuggets’ of information that make a competitive difference, managers and executives can feel confident that the team is speaking a common language and that every team members knows how to find a problem, how to explain that problem and how to dependable recommendations to solve that problem.

‘Businesses should consider democratizing business intelligence and analytics within teams to help the enterprise succeed.’

Business Intelligence tools can support data democratization and improve your business results. If your business understands the challenges of implementing a business intelligence solution and adequately plans for implementation and user adoption, it can leverage the benefits of these tools and solutions and ensure success. Let us help you achieve your vision and improve productivity and insight across the organization.

Original Post : Should I Democratize Business Intelligence in My Business?

Make Analytics Easy with NLP Search Capability!

NLP Search Capability Assures User Adoption of Augmented Analytics!

Gartner predicts that, ‘50% of analytical queries will be generated via search, NLP or voice, or will be automatically generated.’ If your business is considering democratizing data and rolling out analytical capabilities to team members within the organization, you will want to plan for an augmented analytics solution that is designed for, and can be used by, all team members – even those with limited technology skills.

‘The benefits of augmented analytics using NLP enable swift, easy searching and allows business users to create context-rich searches that provide in-depth information and concise results.’

By incorporating natural language processing (NLP) and NLP search capabilities within its features and functionality, business users can gather data, integrated from disparate systems and solutions and use that data to prepare and analyze and to achieve swift, accurate results for decision-making.

Natural Language Processing Search Capability for Your Team

Meet User Expectations

Business team members use technology outside the walls of the business. Every business user is accustomed to simple search techniques, ala Google. Ask a question, get a list of results with worry-free dependability. Augmented Analytics solutions using NLP search capabilities ensure that users can gather and analyze data and get results quickly, all by using familiar search techniques. Natural Language Processing Search Analytics (NLP) is a crucial component of search analytics and smart data discovery today. NLP search allows business users to create complex searches without endless clicks and complex navigation and commands. Using this type of search analytics, users can access and view clear, concise answers and analysis quickly and easily. Advanced analytics with Natural Language Processing (NLP) provides a familiar Google-type interface where a user can compose and enter a question using common human language. Augmented Analytics that leverages machine learning and natural language processing (NLP), is designed as a self-serve environment that is easy enough for every business user resulting in increased user adoption, improved data democratization, and return on investment (ROI).

Simplify Search and Analysis

NLP search technology simplifies the user experience and the process of building analytics and achieving results. A business user might ask, ‘who sold the most bakery products in 2017 in the Southwest region?’ It’s that simple! With natural language-processing-based search capability, users can avoid scrolling through menus and navigation and simply enter a search query in natural language. The system will translate the query, and return the results in natural language in an appropriate form, such as visualization, tables, numbers or descriptions. Clickless Analytics democratizes advanced analytics so business users can enjoy the benefits of analytics and data democratization and can improve data literacy and fact-based decision-making using natural language searches. No advanced training is required.

The benefits of augmented analytics using natural language processing (NLP) enable swift, easy searching and allows business users to create context-rich searches that provide in-depth information and concise results and can be used to solve problems, identify opportunities, spot trends and patterns and present data and recommendations – all without extensive training or skills.

‘Incorporate NLP search capabilities within augmented analytics and gather data, integrated from disparate systems and solutions. Use that data to prepare and analyze and to achieve swift, accurate results for decision-making.’

Explore the advantages of Natural Language Processing and NLP Search Analytics.  Let us help you implement a solution that will be suitable for your team members and your business results.  

Plan for and Execute Digital Transformation and Succeed!

Digital Transformation Requires Planning, But You Can Start Small!

International Data Corporation (IDC) says, ‘89% of enterprises are planning to adopt or have already adopted a digital business strategy.’ The concept of Digital Transformation involves the adoption of digital technology to improve efficiency, value or innovation.

Integrated Tally Mobile Analytics Improves ROI and TCO!

Increase the ROI and TCO of Tally ERP with Integrated Tally Mobile Analytics!

If you are considering, or have already purchased software, you probably faced the questions from your management team about return on investment (ROI) and total cost of ownership (TCO). No doubt, your team did their homework when the business acquired Tally® ERP software.

‘Out-of-the-Box analytics tools allow the user to leverage and optimize the existing technology in new ways.’

Gartner defines total cost of ownership as ‘a comprehensive assessment of information technology (IT) or other costs across enterprise boundaries over time.’ Forbes defines return on investment (ROI) as ‘…a metric used to understand the profitability of an investment. ROI compares how much you paid for an investment to how much you earned to evaluate its efficiency.’

On the surface, the calculations for TCO and ROI may seem simple.

TCO = Acquisition cost + Service/Maintenance cost – Salvage value

ROI = Net Income/Cost of Investment

But while these calculations provide a starting point for investment decisions, the impact of ROI and TCO on the team is something business users will live with every day. When it comes to the popular Tally solution, business managers, accountants and finance professionals have embraced and are using the various modules to support sales, manufacturing, accounting, finance, inventory, purchasing and other functions.

Your business can improve ROI and TCO for Tally by adding integrated augmented analytics. In this article we discuss how Tally Mobile Analytics can improve ROI and TCO for the business.

Improve Tally ERP ROI and TCO with Tally Mobile Analytics

User Adoption

While your users are probably used to Tally and leveraging the module(s) that are most suitable for their role, there are probably team members who don’t use the solution as often as you might like. They may feel it is restrictive and limited to data entry or simple reporting. If they ARE using it, they may not find all the information they need and therefore will not be champions of the software. There is a lot to like about Tally ERP and a lot of capabilities and functionality. By adding integrated augmented analytics with features and sophisticated analytics that are easy enough for the average business user, the team is more likely to adopt and get the most out of the Tally investment. Expanded capabilities for built-in reporting and analytics will allow users to provide more value to clients and colleagues and this is likely to encourage user adoption as it will support career visibility, etc.

Optimization of Technology

Optimizing your investment in software is always important. If you are able to make the most out of the tools by providing an overlay of analytics, the data that already resides in your software and data source is more readily accessible. Out-of-the-Box analytics tools allow the user to leverage and optimize the existing technology in new ways.

Optimization of Resources

Every business is short-handed today, and the expansion and growth of digital tools and processes has allowed business users to do more and to be more productive. Getting to the information quickly, without the assistance of IT or data scientists or business analysts allows the user to ask a question, get an answer, make a recommendation, share data and move on. The enterprise can offer tools to its team without the frustration of extensive training and complex, time-consuming search and analytical techniques, thereby improving productivity and making the organization more agile.

Mobile Access

Nearly every business today has remote workers and staff on the road, working out of a hotel room or in an airport. By providing mobile access to analytics and to the Tally ERP data, the organization can leverage its investment 24/7, without experiencing delays in workflow or output. Near real-time analytics and access to reports, tasks and data sharing allows the business to move faster and more precisely.

‘Your business can improve ROI and TCO for Tally by adding integrated augmented analytics.’

Find out how the addition of SmartenApps For Tally can help your business improve ROI and TCO, support your accounting-related analytical initiative and bring your team and your business to the next level. Users can Download And Register for SmartenApps for Tally and use Tally data to analyze, explore and clarify.

Increase the ROI and TCO of Tally ERP with Integrated Tally Mobile Analytics