Friday, May 12, 2006

Tally Solutions Introduces DROOTTM Technology

Revolutionary technology to redefine business applications life-cycle

Bangalore : Tally Solutions today announced the worldwide launch of DROOTTM (Dynamic Recursive Object Oriented Technology), with the objective of simplifying the entire cycle of implementation, use and maintenance of large business applications. With this, Tally Solutions, well-established as a leading technology innovator for emerging markets, has now emerged as a pioneer in combining the principles of recursive capabilities with object oriented technologies. This launch signifies Tally’s commitment and clear strategy to serve customers operating across different scales and verticals.

The recent announcement of Tally’s award winning application platform [TAPTM] for customers and partners to leverage the best out of existing investments rests on the technology foundation, DROOTTM.

The challenges faced by businesses in the emerging markets are quite different from those in the developed world. Some of these include real time business changes, response to tremendous growth, increased competition due to globalization and lack of business visibility. A business management application needs to operate in an environment that is IT hostile, having infrastructure constraints such as lack of bandwidth, Occasionally Connected Environment (OCE), low IT literacy and the requirement of high data portability.

To effectively meet these challenging demands, Tally has responded with a flexible and agile technology, viz, DROOTTM. A breakthrough in software engineering, DROOTTM, uses object oriented technology from the application layer to the storage layer, extending it with powerful recursive capabilities. The recursive capability of this technology enables navigation through layers of documents (objects) and builds and rebuilds their relationship dynamically.
According to Mr.Bharat Goenka, Managing Director, Tally Solutions, “DROOTTM will continue the company’s legacy of providing simple yet powerful high technology solutions in the business application space”.

Benefits of DROOTTM

Agility – to adapt to changing business needs
Incremental Implementation
Concurrent multilingual capability
Inbuilt fault tolerance
Database portability
Dynamic classification (unlimited) and reclassification
Interoperability Multi-dimension (unlimited) reporting
Robust performance and scalability

Agility – to adapt to changing business needs
DROOTTMwith powerful recursive capabilities and ‘synchronized application & data storage model’ helps businesses to adapt to dynamic changes on the fly.

Inbuilt fault tolerance
An Object Oriented Database, being a part of this technology foundation, has an extremely high level of fault tolerance for environmental irregularities. Tally database renders a failsafe data system and thrives even in adverse situations like system crash, network disconnects and UPS failures. It is self-organizing and self-optimizing in nature – hence least business disruptions avoiding time-consuming, database fine-tuning and regular maintenance.

Database portability
Tally database can be easily ported from one server to another server in a short time frame. No more troubles in creating databases, setting up table structures, defining DSN [Data Source Name], creating schema, et al. A simple pull and push approach solves this nightmare.

Dynamic classification (unlimited) and reclassification
The recursive technology enables out of the box, on the fly classification and reclassification, effortlessly and with great speed.

Interoperability
Seamless and easy integration is possible across various software applications, using this technology. It can facilitate integration in real time or on a pre--scheduled basis.

Multi-dimension (unlimited) reporting
Multi-dimension reporting is another powerful technology capability of Tally database. An unlimited number of dimensions can be used to describe any master or transaction and new dimensions can be created at any time, without advance preparation or planning.

Robust performance and scalability
Tally’s technology (DROOTTM) approach of handling data and minimizing the number of redundant transactions results in not only faster performance but also more accurate data and information.

Concurrent multi-lingual capability
Concurrent multi-lingual capability - a unique value proposition of Tally’s DROOTTM – enables businesses to enter, view and print data in multiple languages, at the same time.

Incremental Implementation
The recursive capability of this technology facilitates incremental and dynamic implementation of business applications. Customers can start using the application the moment the implementation commences, while additional business rules, processes and security rights can be assigned on the live data, on a continuous basis. Going live is a process and not a milestone anymore!

Business benefits are many! Decades of investment by Tally Solutions in path-breaking research and development has helped to eliminate the complexity out of the business support system, leaving customers to cope with the rigors of the marketplace without the additional burden of managing the software solution itself!

Tuesday, May 09, 2006

Tally introduces upgrades in Gujarat to simplify VAT accounting procedures

Helps increase business profitability, efficiency and accuracy

Tally Solutions today announced that with implementation of VAT in the state of Gujarat, Tally has upgraded its software with the convenience of generating state-specific statutory VAT reports. The software – TallySilver 8.1/TallyGold 8.1, will ease accounts conversion to VAT as businesses gear up to adopt Value Added Tax in the state of Gujarat.

Tally handles VAT transactions with ease and generates VAT returns at the press of the button. Within days of the Government of Gujarat, making the format of state-specific VAT returns official, Tally Solutions has released updates for its software that will allow users to generate these returns in the desired formats as necessary. Users can simply download the software update, follow the simple instructions for installing the same and carry on with minimal disruption in their work. More information on this update can be found on http://www.tallysolutions.com

According to Bharath Gopalakrishnan, President, CEO – South Asia Business, Tally India Pvt. Ltd., “with TallySilver 8.1/TallyGold 8.1, all users need to do is ensure the accuracy of all recorded ‘purchase invoices’ and ‘sales invoices’. Thereafter, at the press of a key, state specific statutory reports (forms and associated annexures) will be generated ready to be printed and filed with the tax authorities. Tally Solutions has over a decade of experience in countries like the UK and Singapore where our solution is already handling VAT successfully.”

Tally, incidentally is one of the earliest software available in the market to provide support for VAT for all states that have implemented VAT. Several states including Gujarat, Rajasthan, Madhya Pradesh, Jharkhand and Chattisgarh have implemented VAT from 1st of April 2006 and once again, Tally Solutions has moved early to provide VAT returns for these states as well.

Over 2005-2006, Tally Solutions was hailed as the leader in providing education and support to entrepreneurs and small and medium businesses in the country for making their accounting procedures VAT compliant. Through more than 1000 VAT education events, VAT education content in print, television and online media and the most comprehensive VAT compliance support in its flagship product - Tally Financial Accounting and Inventory management software, Tally Solutions met with unprecedented appreciation and support from India Inc.

VAT is the most remarkable tax reform since independence as it is extremely progressive, transparent and helps eliminate issues, concerns and problems faced by businesses under the current Sales Tax regime. In general, it will make businesses more competitive both within India and internationally, help reduce prices and make the system of taxation simpler and more transparent.