Business Benefits for Small Businesses Integrating Analytics with Tally Solutions!

Some small business owners believe they do not need, or cannot afford, business analytics. Nothing could be further from the truth! If your business is currently using Tally Prime or Tally ERP, you can leverage your existing accounting and financial modules to create an augmented analytical environment that is suitable for every team member.

According to recent studies:

• 94% of small businesses surveyed said that data and analytics are important to their business growth and digital transformation.
• 65% of global businesses plan to increase their analytics spending.

‘One of the best advantages of integrating augmented analytics with your Tally solution is that your users will not need to learn a new system, and user adoption will be easier.’

There are numerous benefits available to a business when the management team decides to integrate analytics with its Tally solution. Here are just a few:

• By leveraging the existing Tally system, the business can achieve affordable integrated analytics without a major investment in a separate system.
• There is no disruption to the team or the technology environment – business users can continue to use the system they know.
• Return on Investment (ROI) and Total Cost of Ownership (TCO) results are improved.
• The business can make better, more confident decisions, using fact-based data and information.
• The business can improve revenue with better time-to-market, better productivity, reduced re-work and improved collaboration.
• The business can improve efficiency and efficacy of work processes and decision and approval points.

Small Business owners who use Tally integrated analytics can monitor and review results and produce reports to ensure that the team has the same information, and to adapt to changing business environments, add value to the customer, supplier and stakeholder relationships and plan for the upcoming quarter or year. By using the data within your accounting, sales, purchasing, inventory, financial, and other Tally systems, the team can gather, analyze and share data to predict results, to smooth churn and improve customer retention, etc. By combining these data points and looking for relationships, the business can target audiences, identify business opportunities and respond to market, supplier and competitive changes.

One hundred percent of the small businesses surveyed said that they use analytics to understand marketing performance. A data-centric approach to the market, to products, customers and the competition will help a small and medium sized business (SME) to be more precise in its approach, so it can optimize its investments, its product approach and its response to changing customer buying behavior and trends. For a small business, it is imperative to capitalize on what they have in the way of team and investment resources. Integrated analytics allows your team to make the right decision at the right time, and it provides a meaningful tool to users that are not IT professionals, data scientists or business analysts, so the business user can leverage their industry and business knowledge to build a ‘story’ that will inform, clarify and help management and team members strategize and decide on crucial business factors.

‘Small Business owners who use Tally integrated analytics can monitor and review results and produce reports to ensure that the team has the same information, and to adapt to changing business environments.’

One of the best advantages of integrating augmented analytics with your Tally solution is that your users will not need to learn a new system, and user adoption will be easier. Because the system is integrated, and not a standalone, silo system, the team can use the Tally solution and perform analytics from within this environment, using familiar tools and gathering and analyzing data across modules to find the answers they need, and produce meaningful reports for presentation and sharing.

Find out how mobile SmartenApps For Tally will support your small business team and extend access to your Tally solution with analytics that offer accounting, finance, sales, inventory, and purchasing professionals and team members the tools they need to improve performance.