Finance and Accounting Pros Improve Value with Integrated Tally ERP Analytics!
Technology research firm Gartner states that, ‘40% of application development teams will be using automated data science and machine learning services to build models that add AI capabilities to their applications.’
‘By integrating analytics within the Tally ERP environment and providing out-of-the-box reporting and results, the business can provide tools that ensure fact-based decision-making, get to the root of problems, and identify opportunities for growth.’
By now, your business has probably seen the articles about the use of augmented analytics and business intelligence in publications, on industry websites and in other locations. Whether you are implementing this strategy or just considering it, you will want to carefully plan for this capability if you are a Tally ERP user.
Why? Because integrating analytics within your Tally ERP app will add value in numerous ways. Perhaps one of the most important benefits is the opportunity for business professionals to add value to the organization or, in the case of practice management, to clients and customers.
So, how does Tally Integrated Analytics work?
The augmented analytics solution is integrated with Tally ERP so users can sign on to Tally to view and interact with data. On-premises installation is connected to the desktop app which connects to a secured cloud server to push data at predefined frequencies so users have access to near real-time access and recent transactions and data. Native mobile apps communicate with the cloud server to fetch and display data, graphs and reports. All interact and transactions are secured.
There are numerous value-add considerations your finance and accounting professionals can expect when you add integrated augmented analytics to the Tally ERP environment.
Going Beyond Data Entry
Accounts, financial professionals, inventory managers, purchasing managers, sales managers and others work with numbers and data all the time. To stay abreast of progress, revenue and projects, team members enter data into Tally ERP and these managers and professionals use this data to track and manage. With integrated augmented analytics that is easy enough for all users to understand and leverage, finance and related professionals can go beyond data entry to analyze across modules, and to create and monitor key performance indicators (KPIs), analyze sales, identify trends and patterns, and solve problems.
Providing Sophisticated, Clear Reporting
With integrated augmented analytics, team members and managers can gather data and create reports for sales, purchasing, bank and cash, payables, receivables, inventory, taxes, cost centers, ledgers, and account statements with drill-down capability. The business can add value by analyzing sales, top customers, sales registers, and looking at trends over a period of time. Users can achieve clear, concise results of analysis of creditors and debtors by product, service, component, collections data etc. Inventory managers can add value and make long-term decisions based on shortages, overstock, supplier data and shipping and distribution. Accountants can gather and prepare data for statutory submission and advise management and make recommendations based on historical and current results and issues.
Ensuring Fact-Based Recommendations
By integrating analytics within the Tally ERP environment and providing out-of-the-box reporting and results, the business can provide tools that ensure fact-based decision-making, get to the root of problems, and identify opportunities for growth. Users do not have to wade through modules and columns of data or restrictive reports to get to the ‘nuggets’ of information that will help them make better choices and be more productive.
‘There are numerous value-add considerations your finance and accounting professionals can expect when you add integrated augmented analytics to the Tally ERP environment.’
Find out how the addition of SmartenApps For Tally will support your accounting, finance, sales, inventory, and purchasing analytical needs, and bring your team and your business to the next level. Users can Download And Register for SmartenApps for Tally and use Tally data to analyze, explore and clarify.