Thursday, September 21, 2006

TALLY and AVAANATM sign MOU for RFID

As Tally’s Preferred RFID Partner, AVAANA’s RFID technology enables Shoper for Retail industry

Tally today announced its alliance with AVAANATM, an Innovation and Integration Services Company focused on the high growth RFID market. The Tally-AVAANA alliance is to RFID enable Tally Products and establishes AVAANATM as Tally’s Preferred RFID partner.

AVAANATM will be providing the RFID enablement for the TallyShoper Retail POS (Point-Of-Sale) of India’s largest product software company. This targets the high-growth Retail industry. This will also be deployed in an upcoming industry RFID pilot.

RFID is a data collection technology that provides suppliers, retailers, manufacturers and distributors with up-to-the-minute supply chain visibility, from inventory and logistics to freshness dates. RFID is powerful because it provides a unique identifying serial number to each and every item, unlike bar codes that typically have a unique number for a set of similar items.

According to Mr.Ravindran.PV V.P, R&D, Tally Solutions “Tally’s alliance with AVAANATM in RFID is a key element in our strategy to provide our customers RFID support in our products as part of RFID solutions for small, medium and large enterprises. RFID is gaining momentum in a variety of sectors, especially in the Retail and Supply Chain, where we have a key focus with our TallyShoper and TallyAscent products. We do believe with the combination of our leading products and AVAANA’s expertise in RFID, we offer an edge to address the requirements of our customers in this rapidly emerging segment.”

Commenting on the MOU, Bimal Sareen, Managing Director and CEO of AVAANATM said, “This relationship of AVAANATM RFID expertise and intellectual property and Tally’s leading products will together bring an exciting value proposition for customers in the Retail and Supply Chain industries.” He added, “AVAANA’s RFID technology will eventually help customers reduce supply chain costs while speeding the distribution process, ultimately providing customers with better product availability.”

AVAANATM works with customers across the entire value chain. It delivers Consulting Services at the Executive and other levels, Solutions and Application development of RFID technology.