Indian SMEs prefer Tally solutions

TALLY Solutions is a multi-product company which delivers flexible business solutions for diverse and complex business needs. The company is divided into three lines of business: Software and Solutions Group, Education Services Group and Enterprise Management Solutions Group. Following are excerpts of an interaction between Swarnava Adhikary and Ms Rokiah Ahamed, president, Global Products Business, Tally Solutions:

What are Tally’s current products? Are you planning any new launches in the immediate future?
Tally has made large investments in acquiring new companies and new products. There will be a flurry of new product launches in the coming months in different segments of the market.There is also renewed focus on value-added services by our partners at Tally. Tally’s Education Business wing provides accounting business relevant and related vocational training to thousands of students and job seekers in India.
What are the accounting needs that Tally is addressing at present?
Tally Solutions develops the simplest, yet most powerful business management software solutions. These solutions are designed to handle the extended enterprise as well as fundamental functions such as financial management, inventory management, sales and purchase management, invoicing, reporting and management information systems. For quite some time, Tally has addressed almost all the accounting-related requirements of the small enterprise and their need to addresses the range of statutory requirements like VAT, service tax, FBT, excise, etc.
The business accounting software package provides an enterprise with a system that enables quick and easy analysis of information, thus aiding decision-making. It provides better business visibility, and ensures compliance to statutory requirements. It also helps save time normally spent in data collection and analysis.

Tell us about Tally’s multi-lingual product.
The concurrent multilingual capacity with instant multilingual transcription in Tally accounting and inventory management software will offer you tremendous freedom in communication. You will be able to maintain your business accounts in one language; view it in another language and print it in yet another language, at the same time.
It allows the user to interact with the software using menu options that have already been translated into regional languages. Users can also enter data through phonetic keyboards. A typical way to use the phonetic keyboard will be to spell the term in English and the software will display it, after transliteration, in the language selected.

What initiatives are you taking to address VAT compliance?
Tally’s international products were already VAT compliant even in the late ’90s. In India, Tally has worked with regulators and trade bodies to disseminate knowledge of VAT. 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 have implemented VAT from April 1, 2005 and once again, Tally Solutions has moved early to provide VAT return capability for these states as well.
Tally handles VAT transactions with ease and generates VAT returns at the press of the button. Users can simply download the software update, follow the simple instructions for installing the same and carry on with minimal disruption in their work.

What are your plans for new and emerging geographies and markets? Are there any India-specific plans?
Tally is the most preferred business accounting product for small- and mediumsize businesses in India. According to International Data Corporation, Tally’s market share is larger than all other accounting software brands in India combined. Two million users in over 90 markets have experienced Tally’s ‘Power of Simplicity’. Tally Solutions continues expanding globally with offices in all major cities in India, London, Singapore, Malaysia and Dubai. Our focus for this year is primarily West Asia, Africa and the Asia Pacific region.

Publication : Economic Times
Edition : Bangalore