Tag: Benefits of Advanced Analytics

If You Work with Numbers, You Need Analytics!

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?

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.

Accountants and Finance Pros: Get the Most out of Tally ERP with Analytics!

What’s your role? Maybe you are an accounting professional, or a financial manager, or maybe you are a sales manager, someone in charge of purchasing for your business, or the person who manages inventory. No matter your role, if you deal with budget, overspending, supply shortages or any other aspect of the business affecting the budget, funding, spending and revenue, you know how important it is to stay on top of things.

If your business uses Tally ERP solutions, you may be entering data, printing and distributing reports, using the information in the system to track inventory and purchasing or, just about anything else. But, the problem with data is that it can often hide crucial trends and facts. You can see the columns and the numbers, you can print the statutory reports, but you can’t always apply your years of professional knowledge to that mound of data to spot issues or to help your colleagues or clients identify the next big thing.

Where are the opportunities? How can you use your limited resources to best leverage your products, your customer base, your competitive position? If you work with numbers in accounting or a finance-related position, you can add value by adding analytics to your Tally ERP solution. With built-in analytics that offer out-of-the-box reporting you can manage sales, purchasing, payables and receivables, income and expenses, cash and bank, duties and taxes, monthly trends and other categories and factors, using top to bottom analysis, contribution analysis and key performance indicators (KPIs) so you are managing with facts. You can explore sales and identify top customers, you can illustrate banking and cash results and compare historical time periods (all without having to dump data into an Excel spreadsheet), and make decisions based on fact-based analytics. You can spot trends in overdue collections, analyze inventory shortages, suppliers and shipping and distribution, and examine taxes, estimated tax obligations, cost centers and ledgers, account statements and reports that allow you to drill down and slice and dice by vendor product, service, cost, sales person, location, customer, inventory, purchasing, and more.

The benefit to you and to your clients and colleagues is a new kind of insight, going beyond data entry and dry, columnar reporting. Using clear visualization, dynamic charts and graphs and modern business intelligence tools, you can leverage KPIs and analytics to gain a competitive edge and add value and visibility for your individual position and your team.  

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.

Can Adding Analytics to Tally ERP Help My Accounting and Finance Professionals?

If you are an accountant or a finance professional, you may be frustrated by the fact that your seat at the table often comes too late in the game for you to make a difference. If your role is limited to statutory reporting or producing reams of columns and reports for business colleagues and then trying to explain them, if your ability to affect a problem in a timely manner is limited, if you are always seeing the real picture in the rear view mirror, you might want to think about integrating analytics within your accounting and finance solution.

For Tally ERP solutions users, this addition is much easier today. Business users can leverage the Tally ERP solution AND produce out-of-the-box reports that will provide insight into trends and patterns, and analytical views that allow you, as a business professional, to intelligently assess what is happening without having to guess at what WILL happen.

Why is data analytics important? What could data tell you if you could see it in near real time?

Your team can use Sales and Purchasing, Bank and Cash, Payable and Receivable, Inventory, Tax, Cost Center, Ledger, Account Statements, Drill Down, KPIs, Reports and Overviews to find data and to gain insight into what is really going on in the business – and you can use that data to recommend actions and advise your colleagues and clients. Seamless search options and text searches throughout the Tally app allow you to gather information and see it in a way that is meaningful to you, so you aren’t just doing data entry and reporting. You can find behavioral patterns, employ continuous monitoring and answer complicated tax questions and you can assess investment scenarios. You will be actively participating in business decisions. This proactive involvement will help to ensure improved productivity and to mitigate missteps and backtracking in the business.

It will make your job easier and more rewarding AND it will improve business results and provide the visibility and the seat at the table that your professional and business function deserves.

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.

Integrate Sophisticated Analytics and User-Friendly Tools with Tally ERP!

Tally ERP business users are familiar with the tools and modules provided and use these tools daily for accounting, inventory control, purchasing and supplier management tasks and finance-related activities. Users perform data entry and reporting. But, what if your business users could take the information within this system and use it to spot trends, identify patterns, make recommendations and suggestions to the business units and add crucial value in managing every aspect of expenses, revenue and tax implications within the business environment?

By integrating easy-to-use analytics with Tally, the average business users can enjoy built-in tools and in-depth reporting and go beyond standard, restrictive reports to gain insight into those issues that will become problems and into the opportunities that will help the business to expand, streamline and become more competitive and productive.

These tools are not designed for data scientists. They are designed for professionals who wish to combine their industry and career knowledge with sophisticated analytical tools in a user-friendly technology environment. The purpose of the tools is to elevate the value of the Tally ERP solution and to engender collaboration and a focus on the more strategic, operational and targeted use of data to make fact-based decisions and to sift through the data to find those important nuggets of information that will drive business success.

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. 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.

Are You Using Tally Solutions? Add Value by Integrating Augmented Analytics!

As a corporate accounting professional or an enterprise financial professional, purchasing manager, inventory manager or any other team member working in a financial capacity in an organization, you can make a difference! You may think that your impact is limited to ensuring correct data entry, providing statutory reports and perhaps pointing out budget overruns or other day-to-day issues.

If you are using a Tally ERP solution, your team can include augmented analytics as an integrated tool that will overlay your modules and allow you to gather, combine and analyze data to gain insight into trends, patterns, problems looming on the horizon or opportunities to improve supply chain, inventory controls, investments, etc.

Your role as a team member can be proactive. With the right information, you can spot issues and collaborate with other professionals on the team to create a comprehensive approach to workflow and approval processes that will improve results, control costs and allow managers and executives to sleep better at night!

Augmented Analytics tools allow business users with average technical skills to see and create reports for sales, purchasing, payables, receivables, income and expenses, cash and bank, duties and taxes with top and bottom analysis, contribution analysis and key performance indicators (KPIs). Users can analyze monthly sales, identify top customers and see detailed sales registers, and can compare results from previous periods and reveal trends and patterns in banking and cash. Without the assistance of IT or data scientists, you can breakdown payables and receivables by creditors, debtors, products, services and collections and analyze inventory for shortfalls or overages. There are tools to allow you to examine taxes, estimate upcoming tax obligations, and to analyze cost center balances and associated ledgers, including entries and balances and drill-down to voucher level. Accountants can leverage statutory tools for balance sheets, trial balance, profit and loss and there are other reports and drill-down tools that allow users to slice and dice by vendor, product, service, cost, sales person, location, customer, inventory, purchase, etc.

If you are a Tally user, you can leverage these powerful tools to add value to your organization and take a proactive role in results. AND you can evaluate the solution for free, and determine the business benefits. 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.

With Augmented AnalyticsTally ERP Users Can Analyze and Improve Results!

The Tally ERP solution is popular for a lot of reasons. With its broad and deep features and functionality, it supports accounting, finance, purchasing, inventory and other financial tasks and activities. With so much meaningful information, a business can create a competitive edge by finding a way to gather and analyze all the information contained in the various modules to make decisions, identify issues and find opportunities and trends and patterns that will affect business success.

The business professionals who use this type of solution are not data scientists but they don’t have to be. If the business establishes a foundation for analytics with an augmented analytics application that integrates the data in Tally with an easy-to-use augmented analytics solution, it can leverage the information in the Tally system. Pre-built reports and flexible views and displays allow business users to gain critical insight into data.

All team members are under pressure to make the right recommendation, and to find and solve problems before they affect business success. In this day and age, businesses cannot afford to use opinion or guesswork. They need facts and data to support the direction they are taking.

A comprehensive solution provides reports that include:

• Sales and Purchasing with key performance indicators (KPIs) to provide metrics that will measure success.
• Bank and Cash reporting to reveal patterns in banking and cash over time.
• Payables and Receivables to track products, services and categories and report on debtors and creditors and identify and predict overdue payments, etc.
• Inventory analysis to identify shortages and overages, supplier issues, etc.
• Tax reporting to estimate tax obligations, analyze taxes for upcoming payments etc.
• Cost Center analysis to reveal balances, accounts and association with ledgers, etc.
• Ledger analytics for entries, balances, drill-down and voucher level analysis.
• Drill Down reporting with pre-built views and drill down into ledger and transaction levels.
• Accounting Statements for accountants, statutory reporting and balance sheet review, trial balances, P&L etc.
• Overview reports for monthly trends, top and bottom analysis, contribution analysis, KPIs etc.
• Report suite to slice and dice data by vendor, product, service, cost, sales person, location, customer, inventory, purchasing, etc.

If you are a Tally user, you can provide users and your business managers with the tools they need to compete and succeed, AND you can evaluate the solution for free, and determine the business benefits. 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.

Take Tally Solutions to the Next Level with Integrated Augmented Analytics!

If you are an accounting or finance professional, chances are good you know Tally Solutions and TallyERP. This software application was designed to support your teams and to provide an environment for data entry and reporting and, as such, it is quite popular. This foundational structure allows users to access and work with data for day-to-day tasks and to support the business operation.

But, as business becomes more competitive, accounting and finance professionals are being asked to use the data contained in their databases and software applications to spot trends and patterns, mitigate risk and plan for the future. Integrating augmented analytics into the Tally environment helps business users perform these tasks without the need of a data scientist or a business analyst. Pre-built templates and reports provide a foundation for analysis and sophisticated analytical tools on the backend with intuitive reporting and clear results on the front-end. Business users have the freedom to analyze and share data via a mobile app or in the office via a web browser.

Business users may feel that taking on these analytical tools is daunting and that they do not have the knowledge to use the tools or to understand the results but nothing could be further from the truth. Out-of-the-box analytics and easy-to-use dashboards provide information on banking and sales, purchasing, payables, receivables, inventory, taxes, ledgers, account statements and other information business professionals need.

If you are a Tally user, you can provide users and your business managers with the tools they need to compete and succeed, AND you can evaluate the solution for free, and determine the business benefits. 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.