Some small business owners believe they do not need, or cannot afford, business analytics. Nothing could be further from the truth! If your business is currently using Tally Prime or Tally ERP, you can leverage your existing accounting and financial modules to create an augmented analytical environment that is suitable for every team member.
If you are a Tally ERP or a Tally Prime user, you know the value of the comprehensive financial management solution for managing accounting, inventory, purchasing, sales, finances, taxes, etc. But, what if you could take your Tally solution to the next level with integrated analytics that will allow your business professionals to add value to clients and colleagues by analyzing data across the Tally modules to discover trends, patterns, and data insight and forecast and predict results.
Small businesses are the lifeblood of the economy. They serve the local community and strategize for expansion and growth. By their nature, they do more with less and every team member plays more than one role.
‘With the right analytical tools and access, every small business team member can see and use data.’
Many small businesses use Tally for accounting, finance, sales, purchasing and other functions, and the small business manager or management team is often responsible for ensuring that the data within these systems is up-to-date and for providing information with which to make decisions. But it is crucial for every small business team member to have the information they need to do their job.
According to Grand View Research, nearly 50% of small businesses use business intelligence as a core element of their business strategy. So, why not yours? By providing integrated analytics for your Tally ERP or Tally Prime solution, and cascading this capability to other team members, you can offer your team important tools and the ability to analyze data across modules within the Tally suite, so that you can gain crucial insight into data, trends, patterns, opportunities and issues.
Small businesses count on the creativity and innovation of every team member in order to grow, to serve customers and to compete. With the right analytical tools and access, every small business team member can see and use data to make fact-based decisions and to contribute and collaborate, thereby improving productivity and optimizing resources.
Team members have access to data and transactions on the road, using a mobile app, so they can always perform tasks and keep projects and workflow moving. You can extend the office environment so your team can make decisions from anywhere, with dashboards and reports that include payables and receivables, ledger and cost center data, sales, purchasing, bank and cash, account statements and other critical reports and data formats.
‘You can offer your team important tools and the ability to analyze data across modules within the Tally suite, so that you can gain crucial insight into data, trends, patterns, opportunities and issues.’
Find out how SmartenApps for Tally will support your small business team and extend access to your Tally solution with analytics that offer accounting, finance, sales, inventory, and purchasing professionals and team members the tools they need to improve performance. Enjoy a 30-Day Free Trial of SmartenApps for Tally. Users can Download and Register for SmartenApps for Tally and use Tally data to analyze, explore and clarify.
Original Post : Give Small Business Team Members Access to Tally AND Analytics!
If your team is using Tally ERP or Tally Prime, you know the value of this solution and of its modules. Whether your business users are accountants, finance team members, purchasing professionals, sales managers or performing some other function, the day-to-day use of Tally solutions is key to their role and responsibilities.
‘Today’s users are more demanding and they want the right tools to do their job.’
Companies using Tally include Axis Bank with nearly 92,000 employees, Trafigura with more than 12,000 employees, Rural Electrification Corp. with 550 employees, Reliance Nippon Life Insurance with more than 11,500 employees, and many other businesses.
To make the most of the Tally solution and environment, your business users will need mobile access to Tally and to an augmented analytics solution that will enable analysis of data, allow users to spot issues and trends and identify opportunities, as well as collaborate with other users. Today, mobile access to these tools is more important than ever.
A changing work environment means that businesses must adapt to remote workers, and capitalize on a smaller resource pool, enabling work from home, in airports, at a client location or other location outside the office. This mobile access allows users to continue making progress on projects, and to analyze and assess issues to develop recommendations and strategies, no matter where they are working.
Pre-built reporting is available to users so your team can leverage dashboards, and reporting including sales, banking, payables and receivables, inventory, taxes, cost center reports, ledgers and more with drill-down capability to get to the heart of the issue and find the root cause of a problem.
Today’s users are more demanding and they want the right tools to do their job. They don’t want to wait until they get back to the office to complete a task or make a decision and, as consumers, they are used to having mobile access to all relevant data and tasks. Mobile access via a cloud server allows the user to fetch and display the required data in graph and report form and all interactions and transactions are secure.
‘Whether your business users are accountants, finance team members, purchasing professionals, sales managers or performing some other function, the day-to-day use of Tally solutions is key to their role and responsibilities.’
Find out how SmartenApps for Tally will support your accounting, finance, sales, inventory, and purchasing analytical needs, and bring your team and your business to the next level. Enjoy a 30-Day Free Trial of SmartenApps for Tally. Users can Download and Register for SmartenApps for Tally and use Tally data to analyze, explore and clarify.
Original Post : Mobile Access to Tally Solutions is Key to User Productivity!
This article is for Tally users! Did you know that Tally reports more than seven (7) million users? If your team is currently using the Tally suite of financial products, and your users are invested in the features of the accounting, sales, inventory, purchasing, finance, payroll, tax, reporting or other functionality, you may wish to consider adding analytics to your Tally solution to increase the value of the Tally software for your professional users and for your clients and colleagues.
‘Adding analytics to your Tally solution will make it easy for your users to analyze data and get results without learning complex analytical systems or being frustrated by new tools, navigation techniques and data structures.’
If your users have access to analytics from within the Tally environment, you can increase and extend the value of the Tally solution, and further expand the value of the application by providing your users with the ability to gather and analyze data across modules, and to spot trends and patterns, reveal issues, gain insight into what is working and what is not working and use that information to adapt, change and improve business processes, products, and services.
By integrating augmented analytics with business intelligence and reporting, you can encourage data-driven decisions, and leverage intuitive dashboards, key performance indicators (KPIs) and sophisticated (easy-to-use) reports to support your business users and improve time to market, the quality of decisions and the ability to collaborate.
Keep it simple and make analytics accessible to all users with web and/or mobile access to suit the needs of your user roles and responsibilities. Your team can enjoy modern business intelligence features, dynamic, meaningful charts and graphs and reports, and intuitive visualization techniques. With near real-time access to transactions, your staff can work on the road or in the office, with out-of-the-box analytics, and reports for sales and purchasing, bank and cash, payables, receivables, inventory, taxes, cost center, ledger, account statements and drill-down capability for deep dive into data.
‘You may wish to consider adding analytics to your Tally solution to increase the value of the Tally software for your professional users and for your clients and colleagues.’
Getting the most out of your investment in existing software is important. You want to improve return on investment (ROI) and reduce total cost of ownership (TCO). You want your users to adopt and continue using the software you have invested in and to add value by using this software. While users often balk at learning new software (even when you know it will add value), adding analytics to your Tally solution will make it easy for your users to analyze data and get results without learning complex analytical systems or being frustrated by new tools, navigation techniques and data structures.
Find out how SmartenApps for Tally will support your accounting, finance, sales, inventory, and purchasing analytical needs, and bring your team and your business to the next level. Enjoy a 30-Day Free Trial of SmartenApps for Tally. Users can Download and Register for SmartenApps for Tally and use Tally data to analyze, explore and clarify.
You made sure you gave your business users the software they need to support their business function. Tally® ERP is popular among your team members. Accountants are using the appropriate module to enter data and print reports. Inventory managers are managing stock, and purchasing managers are coordinating suppliers, supplies and expenses. But you’ve been hearing about analytics at all the conferences and in the industry trade papers and you wonder whether you need to take your Tally ERP solution to the next level with integrated analytics.
‘Your users can still enjoy the familiar features and functionality of Tally ERP while adding the capabilities of integrated augmented analytics and out-of-the-box reporting to enable data-driven decisions,’
Gartner predicts that, ‘By 2023, overall analytics adoption will increase from 35% to 50%, driven by vertical- and domain-specific augmented analytics solutions.’ While your business may not be in a narrow vertical industry or a market with limited competitive dimensions, the concept of vertical and domain specific analytics can be applied to financial service practices or to a business unit within any enterprise that is dedicated to accounting, managing finances, controlling expenses etc. The reason is simple. No matter the type of company or industry in which is participates, the needs, regulatory specifications and requirements for reporting are specific to accounting, finance, and other departments that control investment, expenses and revenue.
If your business is considering adding integrated analytics to your existing Tally ERP solution, here are some things to consider that may help you answer the question, ‘how do I know if I need to integrate analytics with my Tally ERP solution.’
When your business users are confined to the data and reports for their particular function, e.g., accounting or inventory, there is no flexibility and no way (short of expensive customization or IT report requests) to create a clear picture of a particular issue or question. Business user access to reports and data is restrictive and limited to columns and simple graphs that do not tell a story or reveal the root cause of a problem or the hidden opportunities within the data to improve products, pricing, purchasing agreements, tax strategies, investment opportunities, etc.
Users do not have access to comprehensive reporting for sales, tax, receivables, payables, cash, banking, accounting statements or other needs but rather must depend on simple templates and reports. Reporting is limited to a particular business function and data cannot be gathered across modules and analyzed to highlight issues that cross business function boundaries or opportunities for collaboration or process improvement.
Users are limited to desktop or, in some cases, browser access. No true, flexible mobile access is available to accommodate native operating systems (OS) and provide simple, user-friendly analytics for team members who must perform tasks, analyze data and report and share information while on the road.
Your business has the data in Tally ERP but needs to establish and monitor key performance indicators (KPIs) and provide metrics for measurable results against objectives and goals.
If some or all of these issues sound familiar to you, your business may wish to consider simple, integrated, mobile augmented analytics for Tally ERP.
‘You’ve been hearing about analytics at all the conferences and in the industry trade papers and you wonder whether you need to take your Tally ERP solution to the next level with integrated analytics.’
Your users can still enjoy the familiar features and functionality of Tally ERP while adding the capabilities of integrated augmented analytics and out-of-the-box reporting to enable data-driven decisions, gain insight into issues, and identify opportunities with intuitive dashboards, KPIs and reporting. Users can analyze data using a myriad of value-added tools and features.
Find out how the addition of SmartenApps For Tally will 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.
Original Post : Should I Add Integrated, Mobile Analytics to Tally ERP?
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?
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.
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.
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.
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.
Original Post : Combine Tally ERP with Analytics and Improve ROI!
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.
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.
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.
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.
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.
Original Post : Improve Tally ERP ROI and TCO with Tally Mobile Analytics!
If your business is currently using Tally ERP, your business users are familiar with the features and the data structure of the module they use, whether they are an accounting professional, managing inventory, reviewing sales or preparing statutory financial reports. Your management team may be considering adding analytics to your organization in order to democratize data and to improve fact-based decision making. If the organization decides to add analytics to the Tally ERP environment, it will have the best of both worlds.
Gartner states that, ‘90% the world’s top 500 companies will have converged analytics governance into broader data and analytics governance initiatives.’ There are many reasons a business leader will converge analytics and other initiatives. One of these reasons is that the integration of analytics into other work processes and activities ensures successful deployment of analytics throughout the enterprise.
‘By adding analytics to the Tally ERP environment, the enterprise can improve organizational agility, increase the value of existing team member knowledge and experience and avoid creating data silos that will inhibit user adoption.’
In this article, we take a look at why it is wise to integrate your Tally ERP solution with integrated analytics and how it can benefit your enterprise.
When you integrate augmented analytics with the familiar Tally ERP solution, users can leverage their favorite application to prepare and perform analytics. There is no need to frustrate users with data silos and new applications that are complex and difficult to use. Using out-of-the-box analytics with sophisticated functionality in an easy-to-use environment, users can analyze and report on sales, purchasing, bank, cash, payables, receivables, inventory, taxes, cost centers, ledgers and account statements.
Financial, accounting and other professionals can add more value to the organization, to business units, to clients and to colleagues by performing analytics across modules, leveraging pre-built reports and gaining insight into data. Your finance-related teams will be welcomed as crucial team members and can provide clarity and help the organization use the data contained within the Tally ERP solution to understand issues and opportunities and identify trends.
Using domain, topic and career experience, your finance-related team members can prepare, analyze and understand data and information without the assistance of IT team members or data scientists. This allows the organization to democratize data and improve data literacy and takes the professional business users beyond data entry and into the realm of analytics without asking them to learn new technology skills.
By adding analytics to the Tally ERP environment, the enterprise can improve organizational agility, increase the value of existing team member knowledge and experience and avoid creating data silos that will inhibit user adoption.
‘Your management team may be considering adding analytics to your organization in order to democratize data and to improve fact-based decision-making.’
Find out how the addition of SmartenApps For Tally will support analytical initiatives 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.
Original Post : Do I Need to Integrate Analytics with Tally ERP?
As a Tally® ERP user, your business already knows the value of this solution. The Tally solution provides businesses with tools to manage all critical aspects of your business, including accounting, sales and purchase, inventory, manufacturing, taxation, payroll, MIS reporting, etc. As your enterprise grows, and markets become more competitive, it is important to add capabilities that will allow you to be more competitive and help you understand what is happening in your business, what processes, products and activities are helping you to achieve your goals and where you need to adapt.
By integrating augmented analytics into your Tally solution, your team members can leverage analytical tools in an easy-to-use, out-of-the-box environment to produce reports and share data that will offer insight into your business results and strategies.
‘…team members can be creative and innovative in their recommended solutions and, more importantly, can discover the reasons for success or shortfalls.’
By some estimates, the financial analytics market has the potential to reach nearly ten and half million US dollars by 2023. The growth of this market is evidence that businesses are embracing the need for analytics. But when it comes to small and medium sized businesses, the budget for data scientists, analysts and complex analytical solutions is slim to none.
In this article, we discuss three ways that integrated augmented analytics can add to the existing value of the Tally ERP solution and help business users achieve results and gain insight for decision-making and recommendations.
While Tally ERP provides its own reporting capability, adding flexible analytics reports for sales and purchasing, banking and cash analytics, payables and receivables, inventory management, taxes, cost center and ledger analysis, account statements and drill-down capabilities allows the user to gather data and analyze it across modules and to discover the root cause of an issue, or identify a product, pricing, supplier or other opportunity to leverage in the market. Small and medium sized businesses are often short on resources and users have little time to learn new software or play with report formats to get what they want. By providing a set of built-in reports, business users can be more productive and get the information they need AND they can share that information.
Nearly every team member in a small or medium sized business has multiple roles and is often on the road or working remotely. Integrated augmented analytics that is accessible in near real-time via mobile or web access allows the user to make the best use of their time and to perform tasks and analyze data from anywhere.
Many best-of-breed solutions are designed to support a specific need within the organization. Accounting systems are designed for accounting professionals, inventory systems are typically designed as part of an ERP system and support the needs of inventory managers. Tally ERP has modules that are designed for sales, accounting, finance, inventory and other roles. By integrating augmented analytics within this environment, every professional (no matter their role) can use the solution in a way that is best suited for their needs. An additional advantage is the ability to perform simple queries across modules and data so a sales manager might spot a problem with an ad campaign scheduled to promote a product for which there is little inventory, or a purchasing manager might create a report to reveal where bulk orders for multiple business units might result in lower pricing. In truth, while every professional has a specific role, many responsibilities and tasks cross over from one department to another and, with the ability to perform searches and analytics that incorporate data from across the enterprise, team members can be creative and innovative in their recommended solutions and, more importantly, can discover the reasons for success or shortfalls.
‘By integrating augmented analytics into your Tally solution, your team members can leverage analytical tools in an easy-to-use, out-of-the-box environment.’
Find out how the addition of SmartenApps For Tally will 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.
Original Post : 3 Advantages of Tally Mobile Analytics for SMEs!
