Improve Financial Accuracy with Tally ERP Analytics!

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Improve Financial Accuracy with Tally ERP Analytics!

What Insights Can My Business Gain from Integrated Tally Mobile Analytics?

Improve Financial Accuracy with Tally ERP Analytics

Tally® ERP is a popular finance and accounting solution used by many team members in many businesses. It provides modules to support inventory management, purchasing, sales professionals, accountants, finance managers and other expense and revenue related functions responsible for taxes, statutory reporting etc.

The McKinsey consulting firm reports that organizations with fast and efficient decision-making processes are twice as likely to report financial returns of at least 20% as a result of recent decisions.

‘Taking your Tally ERP solution beyond data entry and standard reporting allows your finance and accounting professionals to gain insight and achieve results.’

When a business wishes to support its team members and provide more value and more effective financial decision-making, it should consider adding integrated analytics to its Tally environment. Augmented Analytics, designed specifically to support business users with no data science skills, provides an opportunity for businesses and business professionals to mitigate risk and to improve revenue and results.

In this article, we discuss a few of the ways in which integrated augmented analytics can work within the Tally ERP environment to provide valuable insight and support innovation, problem solving and business agility.

How Can My Business Use Tally ERP and Analytics to Improve Results?

Sales

By adding integrated augmented analytics and pre-built reports to support professionals in their efforts, the business can gain insight into sales in a way that is not possible with standard reporting. Businesses can establish key performance indicators (KPIs) to drive results, and identify trends for a particular sales region, individual, product line, customer segment or regional or channel-specific marketing initiative.

Payable and Receivables

Augmented Analytics can provide insight into payables and receivables, segmented by creditors and debtors, by product or product line revenue, by service offering, etc. Businesses can track wholesale and partner collections and spot trends in overdue invoices. Where the business has established a threshold for payable and receivable completion, managers can stay abreast of issues and identify the root cause of problems that will affect their metrics.

Cost Centers

The cost center dashboard is a key report that displays balances and progress by cost center groups and accounts and by ledger relevance and association. The ledger provides classic and detailed views of entries and balances and allows for drill down to the individual voucher level to examine and analyze entries. Meeting budgetary goals and objectives and monitoring and managing cost centers allows finance managers to identify and understand where and how a particular cost center is exceeding or falling short of expectations and address those issues to stay on track.

‘When a business wishes to support its team members and provide more value and more effective financial decision-making, it should consider adding integrated analytics to its Tally environment.’

These are just a few examples of how businesses can gain insight and provide actionable reporting to improve results. Taking your Tally ERP solution beyond data entry and standard reporting allows your finance and accounting professionals to :

  • Perform financial statement analysis and understand the current financial position of the business.
  • Review income statements and compare results to expected performance to inform annual reporting and stay on track
  • Provide forecasts to estimate the financial impact of proposed initiatives and projects and ensure positive return on investment (ROI)
  • Monitor budgets, resources and deliverables and report on performance
  • Dive into cash flow and profit margins to determine the root cause of shortfalls or identify opportunities for growth

Find out how the addition of SmartenApps For Tally will support your accounting-related analytical initiative 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.

What Insights Can My Business Gain from Integrated Tally Mobile Analytics?

Three Benefits of Integrating Analytics with Tally ERP!

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Three Benefits of Integrating Analytics with Tally ERP!

3 Benefits of Tally Mobile Analytics for Accounting and Finance Professionals

There are many finance-related roles within a business. Whether you are an accountant or a finance manager or controller, or you manage inventory, purchasing, sales or other critical areas of the business, it is likely that you are responsible for a budget and for mitigating expenses and improving revenue. Tally® ERP users understand the software solution and use it daily to enter data and to produce standard reports.

‘With augmented analytics, and the ability to spot and understand trends, results and issues, your team members can take their knowledge of the domain, industry and role and add to it with clear data.’

But what if you, as a business professional could improve results, improve visibility for your own role and add more value simply by adopting and adding integrated augmented analytics to your Tally® ERP environment?

A recent survey revealed that more than 60% of accounting and finance professionals and firms predict that analytics will play a key role in their responsibilities. Adding this capability to your day-to-day process can help your business, your team and your career prospects!

In this article, we discuss three benefits of Tally® Mobile Analytics and how these benefits can support accounting and finance professionals in their daily endeavors.

3 Benefits of Tally Mobile Analytics for Accounting and Finance Professionals

Three Ways Accounting and Finance Professionals Can Benefit from Integrating Augmented Analytics with Tally® ERP

Value-Added, Integrated Reporting

Tally® ERP includes standard reporting targeted to each of its modules and related disciplines. Leveraging business intelligence and BI tools and augmented analytics capabilities, the expanded reporting available within the integrated augmented analytics environment provides pre-built reports and flexibility to dig deeper into results and understand trends, patterns and details. Reports include Payables and Receivables, Cost Center, Inventory, Sales and Purchasing, Bank and Cash Reports, Tax Reporting, Ledgers, Account Statements and Overview Reports.

Metrics and Fact-Based Decision-Making

Every team member in a business is expected to perform at a higher level today. Organizations want specificity, clarity and decisions and suggestions made from a basis of fact, not opinion or guessing. Accountants, finance and business analysts, inventory managers, purchasing managers and other finance-related roles are not exempt from this expectation. Anywhere the business takes in or spends money is going to affect the bottom line. With integrated analytics, Tally® ERP users can dig in and look for problems, find the root cause, find and advance opportunities for considerations, etc. Sales and purchasing reports allow team members to explore data on a monthly, quarterly and yearly basis and review key performance indicators (KPIs) by customer or sales register. Payables and receivables analysis includes analysis by creditor and debtor, by product, service or even components, so team members can spot trends and analyze overdue collections, etc. Inventory analytics provides details on shortages, overages, key data for stock management, supplier issues, shipping and distribution. KPIs and analytics can cross modules and identify factors affecting the business in other business units.

Increased Productivity and Contribution

Accounting and finance positions are often seen as ‘bean counters’ or, at best, responsible for statutory reporting but not to be consulted on matters of strategy or operational efficiency, etc. With augmented analytics, and the ability to spot and understand trends, results and issues, your team members can take their knowledge of the domain, industry and role and add to it with clear data that will point them to effective suggestions and recommendations and help them to see and interpret the business, adding value to senior management and to their respective teams. This proactive approach will improve business results and allow team members to operate with more agility and effectiveness.

‘What if you, as a business professional could improve results, improve visibility for your own role and add more value simply by adopting and adding integrated augmented analytics to your Tally® ERP environment?’

Find out how the addition of SmartenApps For Tally® will support your accounting-related analytical initiative 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.

3 Benefits of Tally Mobile Analytics for Accounting and Finance Professionals

Mobile Augmented Analytics & Tally ERP: A Winning Combination!

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Mobile Augmented Analytics & Tally ERP: A Winning Combination!

When Considering Tally ERP Mobile Access, Add Augmented Analytics to Complete the Picture!

Mobile Augmented Analytics & Tally ERP: A Winning Combination

No matter the task or job, every team member needs the right tools to be successful. Accountants, finance professionals, purchasing managers, inventory professionals and other team members responsible for expenses and revenue need the right tools to do their jobs and, in this day of remote work and dispersed teams, that need is greater than ever. The answer to that need is, of course, founded on technology.

‘Providing mobile access to Tally ERP allows users to leverage a familiar software solution to perform tasks and combines that access with new, value-added tools for augmented analytics.’

Tech research and analysis firm, Gartner predicts that, ‘Through 2024, 50% of organizations will adopt modern data quality solutions to better support their digital business initiatives,’ and that prediction applies to all types of industries and vertical business sectors, including finance and accounting.

For Tally® ERP users, the need to access enterprise tools via mobile device is crucial. But, perhaps even more crucial is the need to improve data quality solutions by adding integrated augmented analytics that are accessible to users from anywhere. When a team member is performing a task, checking or monitoring progress or trying to solve a problem, it is useful to have analytical tools that can provide insight into the reasons for success or the reasons for poor results.

Adding integrated mobile analytics to the Tally ERP solution provides numerous benefits. When your business is ready to adopt these all-important tools, be sure to look for a solution that will provide the following features and capabilities:

Add Mobile Augmented Analytics to Tally ERP and Win the Day
      • Users can access all companies in a Tally ‘instance’ to see data for a specific company or for multiple companies.
      • Includes out-of-the-box numerous dashboards, KPIs and report formats for all users.
      • Users can track trends and perform analytics.
      • Mobile users can view recent transactions.
      • All mobile Tally users can share reports in PDF, XLS and via WhatsApp, Email and other options.
      • Accessible data includes products, inventory, ledgers, vouchers, etc.
      • Provides the ability to perform a full company extract
      • Offers near real-time access to Tally data and rapid application loading for smooth, seamless use.
      • Provides seamless search options and text searches throughout the mobile app.
      • Offers cost-effective, simple registration and user access.
      • Integrates with enterprise applications including ERP, CRM, Excel and Google analytics data as well as other data sources.
      • Is accessible as a ready-to-use software as a service (SaaS) app with no on-premises installation, development or training required.
      • Provides proven, dependable support for users.
      • Offers augmented analytics components including self-serve data prep, smart data visualization and assisted predictive modeling.

As with any software or technology acquisition, the key to success is meeting business and user expectations and providing tools that are easy-to-use and cost-effective. Providing mobile access to Tally ERP allows users to leverage a familiar software solution to perform tasks and combines that access with new, value-added tools for augmented analytics in an environment that is easy for every user and accessible on any mobile device.

‘Adding integrated mobile analytics to the Tally ERP solution provides numerous benefits. When your business is ready to adopt these all-important tools, be sure to look for a solution that will provide adequate features and capabilities.’

For more access options and information on desktop and web versions of SmartenApps and the available reports, see our article, entitled, ‘The Value Of Tally ERP Web-Based Accounting Analytics.’ Find out how the addition of SmartenApps For Tally will support analytical initiatives and provide benefits to your users and your enterprise. Users can Download And Register for SmartenApps for Tally and use Tally data to analyze, explore and clarify and to provide insight to clients, colleagues, management and team members.

Accounting and Finance Pros Can Use Tally ERP Analytics!

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Accounting and Finance Pros Can Use Tally ERP Analytics!

Leverage Integrated Analytics Reporting in Tally ERP!

Accounting and Finance Pros Can Use Tally ERP Analytics

The Rochester Institute of Technology (RIT) states that, ‘Accounting analytics can help an organization answer financial questions by looking at all the data gathered by a company (e.g., transactional data, financial data, investment analysis, etc.) and analyzing this information to gain significant insights, predict future outcomes, or even ascertain risk.’

‘There is no doubt that the amount of information contained in accounting and finance systems can be daunting but analysis of this data in an easy-to-use reporting environment can reap numerous rewards without reducing productivity or frustrating users.’

For accounting firms serving a client base or accountants within a business who are tasked with managing expenses, there is no doubt that a basic accounting system is mandatory. But, in today’s competitive environment, the do-more-with-less approach is rampant and accountants, finance professionals, inventory managers, purchasing managers and other finance-related professionals find it increasingly difficult to manage the data and monitor it in a way that provides value to clients and colleagues.

New roles include a value-based approach where the team is expected to provide insight, reduce expenses, spot trends, make recommendations and do it all in a fact-based environment where missteps will be mitigated and competitive advantage is key.

For users of the Tally® ERP Solution, the availability of integrated augmented analytics and reporting provides true benefits. The integration of analytics across all modules allows team members to analyze and report on data to solve problems, identify opportunities and make recommendations that will advance the interests of the business using a desktop or a mobile app approach.

Tally ERP Integrated Analytics Provides a Competitive Advantage

Available Reports Include:

OVERVIEW

Overview of key business parameters, e.g., Sales, Purchase, Payable & Receivable, Income & Expense, Cash & Bank and Duties and Taxes, and monthly trends. Also includes Top and Bottom Analysis, Contribution Analysis, and KPI analysis of these key indicators.

SALES & PURCHASE

Explore sales to date, and monthly, quarterly and yearly KPI and trends. Analyze monthly sales, top customers and detailed sales register.

BANK & CASH

Reveal trends and patterns in banking and cash results over a period of time. Users can compare results from previous time periods.

PAYABLE & RECEIVABLE

Breakdown payables and receivables by creditors and debtors as well as by products, services and components. Look for trends for overdue collections.

INVENTORY

Analyze inventory for shortages and overages. Explore overstock, understock, suppliers, products and shipping and distribution.

TAXES

Examine previous taxes, tax due summary, estimate tax obligations, analyze taxes for future periods.

COST CENTER

Analyze cost center balances and movements by cost center groups, cost center accounts as well as their association with ledgers.

LEDGER

Analyze ledger entries and balances in details with drill-down to individual voucher level.

DRILL DOWN

Pre-built drill-down views to balances at higher level groups, and drill down in hierarchy to ledger and transaction level.

ACCOUNTS STATEMENTS

Ideal for accountants for statutory submission purposes, and to review balance sheet statement, trial balances, profit and loss statements and more.

REPORTS

Various interactive reports with drill-down to slice and dice data by vendor, product, service, cost, sales person, location, customer, inventory, purchasing, costs, etc.

When these reports and tools are combined with the skill and knowledge of an accounting or a finance professional, the results can be profound. There is no doubt that the amount of information contained in accounting and finance systems can be daunting but analysis of this data in an easy-to-use reporting environment can reap numerous rewards without reducing productivity or frustrating users.

‘The integration of analytics across all modules allows team members to analyze and report on data to solve problems, identify opportunities and make recommendations.’

Find out how the addition of SmartenApps For Tally will support analytical initiatives and provide benefits to your users and your enterprise. Users can Download And Register for SmartenApps for Tally and use Tally data to analyze, explore and clarify and to provide insight to clients, colleagues, management and team members.

Take Tally ERP to the Next Level with Augmented Analytics!

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Take Tally ERP to the Next Level with Augmented Analytics!

4 Ways in Which Integrated Augmented Analytics Builds on Tally ERP Success!

Take Tally ERP to the Next Level with Augmented Analytics

If your business is using Tally® ERP, your users are already familiar with the benefits and features of the solution. Tally includes business management functionality for banking, payroll management, purchasing, sales, accounting, taxes, manufacturing and inventory and allows team members and professionals to enter and manage data and to provide reports to colleagues and clients.

‘With easy-to-use features designed for business users, integrating augmented analytics with Tally ERP allows team members to do their jobs and to add value without significant investment of time and effort to learn the solution.’

In today’s competitive environment, every business is looking for ways to optimize resources and to provide proven processes and metrics that manage and monitor results and help the organization make decisions at every level. To that end, more than 65% of global enterprises increased spending on analytics within the past two years and that trend shows no signs of slowing. Analytics ensures fact-based decision-making and speeds the process of problem solving, making the enterprise more agile.

This approach can be used to improve the value of the Tally ERP installation within the organization and leverage the return on investment (ROI). In this article we discuss four (4) ways in which integrated Augmented Analytics can take your Tally users and results to the next level.

Four Benefits to Integrating Augmented Analytics with Tally ERP

Comprehensive View of Your Data

Many business users adopt and leverage a module or a set of features that they find the most useful for their common tasks. But if your team members are not seeing the big picture or if they are not able to dive into data across modules to understand the ‘why’ of results or to gain insight into what is working and what should change, they cannot combine their domain or professional knowledge with the data contained within the Tally ERP solution to make better recommendations and suggestions and to monitor and adapt. With features like visualization, dynamic charts and graphs, modern business intelligence (BI) and key performance indicators (KPIs), users can achieve a clear picture and go beyond data entry and simple reporting to analyze and gain insight into what is really going on in the business.

Ease-of-Use for Business Users

While organizations may be well aware of the benefits of analytics and may wish to democratize data and improve data literacy, it can often be challenging to get users to adopt analytics because there is a perception that the user must have analytical skills, or must learn and use difficult software or algorithms. With easy-to-use features designed for business users, the augmented analytics approach allows team members to do their jobs and to add value without significant investment of time and effort to learn the solution.

Mobile, Secured Access

Whether your business is transitioning to a remote work environment or your team members are on the road visiting clients or working in other office locations, secured mobile access to the Tally ERP data and the integrated augmented analytics environment is crucial to productivity and collaboration. With near real-time access to key indicators, trend tracking and analysis, recent transactions, ledgers, vouchers, products, inventory and reporting, in a seamless search environment, business users can complete tasks, monitor and report on progress and stay in touch with what is happening.

Pre-Built, Flexible Reports

Taking the existing Tally ERP reporting environment beyond its capabilities to add pre-built analytical reports can help team members see and understand data in a flexible reporting environment with dashboards, overview reports, sales and purchasing reports, bank and cash, payables and receivables, inventory, taxes, cost center, ledger, drill down, account statements and other reports to simplify and clarify decisions.

‘In today’s competitive environment, every business is looking for ways to optimize resources and to provide proven processes and metrics that manage and monitor results and help the organization make decisions at every level.’

Find out how the addition of SmartenApps For Tally will support your accounting-related analytical initiative 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.

The Value of Tally ERP Web-Based Accounting Analytics!

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The Value of Tally ERP Web-Based Accounting Analytics!

Web Access to Accounting Analytics Reporting is Crucial to Business Success!

The Value of Tally ERP Web-Based Accounting Analytics

The Accounting Research Center and Continuous Auditing & Reporting Lab at Rutgers University stated that, “The audit profession is leveraging technology and electronic information to expand the auditor’s ability to access and analyze vast amounts of information.”

The recognition of this new reality and its importance is crucial to building a foundation of a fact-based, analytical approach to accounting, auditing, and other finance-related functions in businesses all around the world. In the past, the accounting function was often seen as a ‘bean counter’ function, producing simple, columnar reports and tracking expenses and revenue.

‘A rich array of built-in, web-based reporting access and, for every accounting and these reports can be used as a foundation for the new analytical environment and to encourage the use of that analysis to make decisions and recommendations.’

Today, access to data analytics is crucial to enterprise success and, if accounting and auditing professionals have that access in a simple, easy-to-use interface, it is more likely they will adopt and use these new tools.

Users of the Tally® ERP Solution now have the ability to access and analyze data via web browser, and can leverage these integrated analytical tools in a simple environment with built-in reports that are easy to produce and easy to understand. This type of business user analytics can take the accounting function to another level by adding value and insight that can be used to advise clients and colleagues and by spotting trends, identifying and solving problems and capitalizing on opportunities.

In this article, we highlight the types and purpose of these analytical reports for reference and the value of these web-based reporting tools.

Stay Abreast of the Trends with Accounting Analytics

OVERVIEW

Overview of key business parameters, e.g., Sales, Purchase, Payable & Receivable, Income & Expense, Cash & Bank and Duties and Taxes, and monthly trends. Also includes Top and Bottom Analysis, Contribution Analysis, and KPI analysis of these key indicators.

SALES & PURCHASE

Explore sales to date, and monthly, quarterly and yearly KPI and trends. Analyze monthly sales, top customers and detailed sales register.

BANK & CASH

Reveal trends and patterns in banking and cash results over a period of time. Users can compare results from previous time periods.

PAYABLE & RECEIVABLE

Breakdown payables and receivables by creditors and debtors as well as by products, services and components. Look for trends for overdue collections.

INVENTORY

Analyze inventory for shortages and overages. Explore overstock, understock, suppliers, products and shipping and distribution.

TAXES

Examine previous taxes, tax due summary, estimate tax obligations, analyze taxes for future periods.

COST CENTER

Analyze cost center balances and movements by cost center groups, cost center accounts as well as their association with ledgers.

LEDGER

Analyze ledger entries and balances in details with drill-down to individual voucher level.

DRILL DOWN

Pre-built drill-down views to balances at higher level groups, and drill down in hierarchy to ledger and transaction level.

ACCOUNTS STATEMENTS

Ideal for accountants for statutory submission purposes, and to review balance sheet statement, trial balances, profit and loss statements and more.

REPORTS

Various interactive reports with drill-down to slice and dice data by vendor, product, service, cost, sales person, location, customer, inventory, purchasing, costs, etc.

As you can see, there is a rich array of built-in, web-based reporting access and, for every accounting and these reports can be used as a foundation for the new analytical environment and to encourage the use of that analysis to make decisions and recommendations.

‘Users of the Tally® ERP Solution now have the ability to access and analyze data via web browser, and can leverage these integrated analytical tools in a simple environment with built-in reports.’

Find out how the addition of SmartenApps For Tally will support your accounting-related analytical initiative 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.

3 Ways You Can Use Tally Analytics and BI Reporting to Succeed!

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3 Ways You Can Use Tally Analytics and BI Reporting to Succeed!

3 Ways You Can Use Tally Analytics and BI Reporting to Succeed

If your business is using Tally ERP solution for accounting, finance, inventory, purchasing and other finance-related disciplines, it would behoove you to consider adding integrating, built-in analytics so your skilled professionals can gain insight into results and, most importantly, add value to clients, colleagues and managers by providing advice and counsel that is fact-based and takes into consideration the trends, patterns, issues and opportunities revealed by augmented analytics and business intelligence reporting.

In this article, we look at just three of the ways a business can leverage augmented analytics and integrated reporting to optimize the value of Tally ERP and the time and skill of its professional resources.

3 Ways You Can Use Tally Analytics and BI Reporting to Succeed

Near Real-Time Access with Desktop and Mobile User Interface

With augmented analytics, the business user can leverage stunning visualization, dynamic charts and graphs, modern business intelligence features, and key performance indicators (KPIs) metrics to help your business sustain a competitive edge. There is no need to involve IT or data scientists or business analysts. The insight and valuable ‘nuggets’ of information are at your fingertips with built-in reporting. Users can share, collaborate and work with data to analyze results and clearly see what direction is best.

Reports that ‘Speak Your Language’

Accountants, finance professionals, inventory managers and purchasing professionals are just a few of the staff that will find built-in reporting designed to answer questions and illustrate results in a way that reveals trends, patterns, and helps the team to get to the bottom of things. Whether your users want to see data about ledgers, vouchers, detailed sales receipts, tax and statutory implications, inventory and supplier purchasing data or any other discipline, there is something for each of your business users.

Managing the Business

Businesses cannot survive without a plan and today, business is changing so quickly that it is often hard to anticipate results. Whether your questions relate to the efficacy of supplier networks, the decrease or increase in sales following a price increase, the ‘sweet spot’ for inventory managers, shipping or distribution issues or the dreaded tax planning for quarterly or annual tax cycles, it is crucial that the business make concise plans and have the confidence that these plans will be accurate. That accuracy in planning ensures that the company can have the funds to invest appropriately, receive dependable revenue from a product line and report to a Board of Directors or executive management team with reliable numbers and information.

As the business incorporates augmented analytics and built-in BI reporting with Tally ERP, each of its professional accounting and finance professionals will find creative ways to leverage these tools and add value and the business can also optimize its resources by allowing professionals to get the job done with less redundancy and a more streamlined process.

In this article, we have discussed just a few of the ways in which your business can enjoy the benefits of integrating augmented analytics with Tally ERP. If you want to get more value out of your Tally ERP solution and optimize your resources and professional efforts, Contact Us for more information on SmartenApps For Tally.  For more information about integrating Augmented Analytics with Tally ERP, visit our Blog.

3 Ways You Can Use Tally Analytics and BI Reporting to Succeed

Gain Insight with Integrated Analytics for Tally Solutions!

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Gain Insight with Integrated Analytics for Tally Solutions!

Going Beyond the Numbers with SmartenApps for Tally!

Gain Insight with Integrated Analytics for Tally Solutions

The Tally® ERP Solution and its latest TallyPrime offering are popular accounting and finance related suite of modules that provides support for invoicing and accounting, inventory management, reports, credit and cash flow management, banking, cost control and analysis, payroll management and other finance-related activities.

Tally serves millions of users across industries in over 100 countries and supports a network of more than 28,000 partners, providing sales, support and services.

‘The SmartenApps for Tally approach provides value out-of-the-box with analytics, dashboards and reports.’

The Tally software solution suite has gained in popularity and is particularly popular among businesses in India. As the Tally team expands its market reach, it has added additional capabilities to better serve its clients. Among the most important new capabilities is the integration of augmented analytics to support business users in gather and analyzing data contained within the Tally modules.

The SmartenApps for Tally integration takes the Tally solution beyond data entry and basic reporting. Users can leverage familiar features and modules with integrated analytics to enable data-driven decisions and gain insight into issues, identify opportunities and solve problems, all within the environs of an intuitive dashboard, with key performance indicators (KPIs) to establish and manage metrics and pre-built reports to satisfy accounting and finance-related roles and needs.

Add Analytics to Tally Solutions for Results

Here are some of the benefits of SmartenApps for Tally analytical integration:

  • Users have near real-time access to recent transactions and data
  • Web and Mobile access allows for intuitive analysis 
  • Users can access the SmartenApps for Tally using web and native mobile app user experience
  • SmartenApps for Tally extends the office environment and allows for swift analysis and decisions from anywhere
  • SmartenApps for Tally is free to use for 30 days with simple, affordable licensing fees thereafter
  • Start-up is easy, within a few minutes
  • Support is readily available
  • No need for a separate analytical solution, that will require training, access credentials and a separate sign-on

The SmartenApps for Tally approach  provides value out-of-the-box with analytics, dashboards and reports that include an Overview, Sales & Purchase, Bank and Cash, Payables and Receivables, Inventory, Taxes, Cost Center, Ledger, Drill-Down, Accounts Statements, and Reports. All of these report templates are ready-to-use, with more pre-built reports released periodically.  

Business users with average technical skills can use SmartenApps for Tally to gain insight into data using value-added tools and features. 

The SmartenApps for Tally application is based on the Smarten Augmented Analytics product, which is accredited by Gartner and recognized for its intuitive, easy-to-use analytics, so the business and its users can be assured of dependable, world-class features, functionality and performance.

‘Tally serves millions of users across industries in over 100 countries and supports a network of more than 28,000 partners, providing sales, support and services.’

Find out how SmartenApps For Tally can support your users and improve results within your organization. Users can Download And Register for SmartenApps for Tally and use Tally data to analyze, explore and clarify.

4 BI Reporting Insights Achieved with Tally Analytics!

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4 BI Reporting Insights Achieved with Tally Analytics!

4 BI Reporting Insights Achieved with Tally Analytics

Many accounting and finance professionals use Tally ERP for data entry and reporting. If a business adds analytics to the Tally ERP environment, it can provide user-friendly augmented analytics that will optimize resources, increase productivity and add value to the business and the user by offering insight into the mountain of data contained within the Tally solution modules.

This article discusses four (4) examples of insight gleaned from adding built-in reporting and augmented analytics to the business accounting and finance software solution.

Banking and Cash Management

This report allows users to search for and understand trends and patterns in banking and cashflow. Business users can search for a particular time period and compare that time period to comparable historical periods. Identifying trends and patterns in cashflow and banking can provide valuable information and alert the business to issues that may affect the ability to apply for funding, the capacity of the business to make investments, fund new projects, etc.

Banking and Cash Management

Sales and Purchasing

Business users can explore sales to date, and examine monthly, quarterly and yearly trends and key performance indicators (KPIs). The business can analyze sales, identify top customers and detail sales registers. These trends can help sales managers identify top sales staff and techniques, where to market and which customers to target. Purchasing managers can identify trends and anticipate the need for supplies to satisfy demand.

Sales and Purchasing

Payables and Receivables

Accountants routinely use payables and receivables to highlight business issues. With built-in reports to analyze payables and receivables, accountants can take analysis to the next level, break down payables and receivables by creditors and debtors, by product, by service and/or components and look for trends for overdue collections, invoicing issues, potential customer or client defaults based on previous payment history, etc.

Payables and Receivables

Inventory Management

Inventory management is crucial to business success. Carrying and warehousing an overage of inventory costs money. Running short on inventory of supplies or products costs the business in prospective sales. Built-in reports for Inventory Management allow business users to analyze inventory to identity current shortages or overages and to use trends to anticipate where future issues may arise. Users can explore overstock and understock to look for wholesale opportunities or identity targets for product discounts to move inventory, and they can explore issues and opportunities for products, shipping and distribution.

Inventory Management

In this article, we explored four of the many benefits and features the business will enjoy by adding integrated augmented analytics and built-in reporting for business and professional use.

These are just a few of the reasons for integrating augmented analytics with Tally ERP. If you want to get more value out of your Tally ERP solution and optimize your resources and professional efforts, Contact Us for more information on SmartenApps For Tally.  For more information about integrating Augmented Analytics with Tally ERP, visit our Blog.

Help Your Clients AND Yourself with Analytics for Tally ERP!

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Help Your Clients AND Yourself with Analytics for Tally ERP!

If You Work with Numbers, You Need Analytics!

Analytics Can Take Tally ERP to the Next Level

When you tell someone you work in a finance-related position, their eyes might glaze over. They picture you ‘counting beans’. Whether you work in inventory management, purchasing, accounting, enterprise finance or any other related position, your job can seem mysterious (and even boring) to many people. But, yours is the lifeblood of the organization.

If the business does not understand its expenses, where and how it generates revenue, who its most important customers are, where it can save money on suppliers and supply chain, how to manage inventory, how to avoid expensive tax issues and messy statutory and regulatory reporting mistakes – well, all of those things relate to money, don’t they? And money is what makes the organization run (or fail).

As a numbers and money manager, you will doubtless use a software solution like Tally ERP. These solutions manage finance-related, accounting and other functions by enabling data entry and reporting. But, what if you could go beyond this simple day-to-day workflow, take all that data contained in the system and analyze it to spot trends, issues and opportunities and to truly understand what is going on, what if you could report across modules and do so in a way that produces insightful information rather than columns of data you have to explain to your clients and colleagues?

What true nuggets of information are hidden in that data, beneath the surface, or on the other side of the organization? What if you could add value to your organization, and to your own role in the enterprise by providing advice and counsel instead of numbers?

Analytics Can Take Tally ERP to the Next Level

With the right integrated analytical tools, you CAN do all of that and more with key performance indicators (KPIs), ledger, shipping and distribution, cost center, and banking support and more. If you are a Tally user, you can leverage powerful analytical tools to add value to your organization and take a proactive role in results. AND, your business can evaluate the solution for free. Find out more about SmartenApps For Tally analytics. Contact Us to today to find out how SmartenApps for Tally can help you achieve your goals.