Tally integration to make MIS Reports Benefits Businesses

With the implementation of Tally ERP9 software making, MIS reports in Tally has become easier for any business. MIS or Management Information System is a computer-based system used by most organisations worldwide for transforming data into useful information for better decision making. It helps management organise business operations by making suitable plans. For generating reports including inventory status reports, financial statements, performance reports etc. management information system (MIS) is used. To analyse different aspects of business these reports play an important role. These reports also help to answer 'what-if' questions like what would be the effect on cash flows of a company if the credit term were changed for its customers etc.

To provide real-time visibility of transactions across the entire enterprise and be flexible enough to accommodate the changing structure of the business in order to face the challenges of the new business environment, the information systems need to communicate with each other as seamlessly as possible. To share more and more information across traditional business boundaries, one of the most important priorities is the way you integrate your systems and processes in business today. Tally integration is quite beneficial for any business in the under mentioned ways –

1. The tool is so robust that the data stored is not affected even at the shutting down of a machine or failure of power. To ensure data dependability & quality, checking of data integrity at regular levels are done.
2. No external modifications to the data can interfere with Tally as data integrity checks make certain. To evade tricky information grouping the binary encoding storage format is also available. Access to the database is with the help of an activated ODBC layer.
3. 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 change of time.
4. The Tally Vault refers to the option of availability of data encryption. Data Encryption Standard (DES) method averts breaking of password for the vault.

When Tally integration is implemented for MIS reports, a further amount of advantages are obtained out of it.

1. At a minimum and for those lazy managers, MIS support managers with grand figures might show hidden facts.
2. For pro-active managers, it provides general and planned statistics, in a variety of scales, and for different objectives.
3. Important forecasting reports
4. For exceptional directors, it can provide General Performance Auditing, based on staff performance, equipment and organisational asset utilising percentage, and organisational-procedures validity and staff adapting.
5. Even though, MIS is working by somehow as an indicator to show how much good or bad the IT system itself works, that when MIS produces irregular or abnormal figures in its forecasting or statistics parts.

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