Scope and Benefits of Tally ERP 9

Today, various firms in India and across the world in the accounting and finance world use Tally ERP 9 software as it offers some great benefits to them in recording their financial data and keeping track of receipts and payments. This article discusses the scope and key benefits that the software offers, to various organisations.

Tally is accounting software widely accepted in India and across the globe (in 17 countries). Earlier, manual accounting was the base and conventional method to record financial transactions, however as the economies have grown so as the financial world and as a consequence the conventional method has got eliminated. Tally provides the platform to record the financial transaction with extreme ease. Tally is designed in a way so that anyone regardless of the field he/she is in can understand. As the needs in this competitive world increase, tally improvises its versions keeping the base same.

Today, Tally is one of the most well-known names in the accounting world and Inventory management software. It’s widely acclaimed simply because it’s easy to use, operates at high speeds, is robust and powerful, has no codes, highly versatile and flexible, executes in real time and has full online help. In addition, the probability of Tally customisation makes the software appropriate for distinctive business functions. An extremely powerful business management software solution is developed by Tally Solutions that caters to changing business requirements from the most fundamental to the more complex. Tally software can handle inventory as well as financial management, invoicing, reporting, sales and purchase management and MIS. The latest versions of Tally also manage taxation for businesses. Tally ERP 9 is the most recent as well as popular Tally software used by firms around the world.

Benefits of Tally ERP 9

In today’s accounting and financial world, Tally ERP 9 software is holistic and relevant as it provides numerous technology benefits.

Trustworthiness of Data:

The tool is so robust that even the shutting down of a machine or failure of power during functioning does not affect the data stored in Tally database. Quality data integrity checks at regular levels ensure data dependability.

Secured Data:

Data integrity checks make certain that no external modifications to the data can interfere with Tally. The availability of binary encoding storage format evades tricky information grouping. Access to database is with the help of an activated ODBC layer.

Tally Audit:

A specified user can be provided administrator rights to check for accuracy of entries entered by authorised users and make changes where required. Audited entries along with alterations made are displayed with the name of the user who has made those alterations with the time of change.

Tally Vault:

The option of data encryption available in Tally is known as the Tally Vault. Data Encryption Standard (DES) method averts breaking of password for the vault.

There are several other Tally technology benefits which include security levels that are user defined, quick and easy installation, unlimited multi user support, internal backups, import or export of tally data and its graphical analysis besides many others. Many companies offer Tally integration as a part of Tally solutions, however, there are very few who are an authorised tally partner. Partnering with an authorised Tally partner is vital to get unified and flawless benefits for the business. Also working with such partners that aren’t just efficient sales and distribution centres but are also outstanding training and support destinations with detailed expertise in Tally customisation is vital. The reason being firms can get the benefit of getting all services under one roof rather than wasting quality time exploring various vendors for relevant services.

Riyaz Tamboli is a Director at Antraweb Technologies Pvt. Ltd., a leading provider of Tally ERP solutions built on the Tally platform.