Tag: Reporting Software

Augmented Analytics Takes Tally ERP Beyond Data Entry and Reporting!

Let’s talk numbers! Whether you are an accountant, a sales manager, a purchasing or inventory professional, an enterprise finance professional or you are on any one of the many other noble ‘numbers-dependent’ career paths, there is no doubt you are using software to manage your day-to-day tasks, to record crucial numbers and monitor and manage expenses, revenue, taxes and investments.

In today’s competitive business environment, enterprises are looking to their numbers pros to play an advisory role – to tell them how to get more out of the money in their coffers and how to generate more revenue. According to recent studies, more than 17% of businesses now consider these roles to play an advisory role, in addition to their other responsibilities.

‘Your clients and colleagues will always challenge you with new questions, new concerns and there will always be evolving competitive, product, supplier, shipping, and production issues to address.’

In this article, we discuss important, flexible augmented analytics tools for Tally ERP. Go beyond data entry and simple reporting to offer both high-level and detailed drill-down analytical capability that is suitable for use in decision-making and in adding value to the organization in an advisory role.

Mobile Access

Whether you are an accountant or a Supply Chain Manager, it is likely that you are spending more time out of the office and working remotely. Providing mobile access for iOS and Android, via the Cloud, SmartenApps for Tally ERP extends the office environment and enables user access to data and analytics no matter where they are working. Use mobile access for quick snapshots, to track and monitor and check results and transactions while you are on the road.

Full-Scale Web Capabilities

As a finance or accounting pro, you need analytical access to query, report and make decisions. A full-scale web solution allows you detailed business intelligence capabilities so you can slice and dice, drill through data and discover the root cause of problems, and provide comprehensive reporting in various pre-built reporting formats without having to design your own reports or ask IT to do so. Reports for Sales and Purchasing, Bank and Cash, Payables and Receivables, Inventory, Taxes, Cost Center, Ledger, Drill-Down, and Account Statements are easy and fast to run and to understand, so you can quickly see trends, patterns, opportunities, and issues and develop accurate, clear recommendations for your colleagues or your clients.

‘In today’s competitive business environment, enterprises are looking to their numbers pros to play an advisory role – to tell them how to get more out of the money in their coffers and how to generate more revenue.’

Every day is different! Your clients and colleagues will always challenge you with new questions, new concerns and there will always be evolving competitive, product, supplier, shipping, and production issues to address. With the right tools, your team can be flexible and responsive to new and evolving requirements and you can go beyond simple data entry and reporting to add unique value in your role.

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. Enjoy a 30-Day Free Trial Of SmartenApps For Tally. Users can Download And Register for SmartenApps for Tally and use Tally data to analyze, explore and clarify.

SmartenApps for Tally Mobile Analytics Provides Numerous Benefits to Your Team!

According to Statista, the importance of mobile analytics in vertical industries is growing exponentially. Industries surveyed included Financial Services, Government, Healthcare, Manufacturing, Professional Services, Retail, Software Technology, and Telecommunications. 31% to 61% of these industries identified mobile analytics as ‘very important’.

‘Access integrated analytics functionality to monitor and manage information, to solve problems, spot trends, identify issues and review and stay on track for upcoming actions, all in a mobile environment.’

In the field of finance, professional use of analytics is crucial to accountants, inventory, purchasing, sales, tax professionals, and other finance-related roles. More specifically, access to mobile analytics is crucial to success.

In this article, we look at some of the benefits of providing mobile analytics via SmartenApps for Tally to support your finance-focused team members.

Mobile Access

Today’s business teams spend more time out of the office and working remotely. Providing mobile access for iOS and Android, via the Cloud, SmartenApps for Tally ERP extends the office environment. It allows user access to data and analytics no matter where they are working and allowing for swift, concise analysis.

Complete Data Access (No Sacrifice)

Having access to data is crucial. Using the intuitive mobile interface, team members can access integrated analytics functionality to monitor and manage information, to solve problems, spot trends, identify issues and review and stay on track for upcoming actions, all in a mobile, near-real time environment.

Affordable and Dependable

SmartenApps for Tally licensing and pricing is affordable and provides seamless support without breaking the bank. User support is readily available, so if your users need assistance while they are on the road, they will have access to the services they need.

Encourages Collaboration and Data Sharing

Every business user depends on other team members to contribute and share data to make decisions, recommendations, and suggestions and to support clients and colleagues. Having access to data in a mobile environment ensures that your team can stay on top of tasks and adapt to the changing business environment without sacrificing clarity or accuracy.

‘Access to mobile analytics is crucial to success.’

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. Enjoy a 30-Day Free Trial Of SmartenApps For Tally. Users can Download And Register for SmartenApps for Tally and use Tally data to analyze, explore and clarify.

Improve Tally ERP TCO and ROI and Make Your Business Users Happy with Integrated Analytics!

Gartner predicts that, ‘overall analytics adoption will increase from 35% to 50%, driven by vertical- and domain-specific augmented analytics solutions.’ One of the fastest growing analytics sectors is in finance, accounting and other revenue and expense-related business functions. Not surprisingly, the use of analytics in expense, revenue, investment and financial reporting is beneficial to the business, its stakeholders and its team members.

‘If the business wishes to get the most out of Tally ERP and improve ROI and TCO, it is wise to consider the addition of integrated analytics.’

As Tally ERP solutions grow in popularity among small and medium sized businesses, the addition of analytics has added a profound dimension to the tasks and activities of finance-related professionals. Perhaps one of the most important factors for a business with a focus in this type of function or industry is to enhance the value of the Tally ERP solution and ensure that return on investment (ROI) and total cost of ownership (TCO) are optimized.

With more than three decades of experience in the accounting and finance solution sector, Tally ERP has millions of users in more than 100 countries. It provides modules to monitor and manage data for accounting, finance, sales, purchasing, manufacturing, inventory, branch management and statutory compliance with job costing, payroll, point of sales and other tools.

If the business provides its professionals with easy access to analytics, both within and outside the office, it can increase user adoption and improve the productivity and value of its team members and it can ensure optimal ROI and TCO.

Web and Mobile Access

Today’s team members are often out of the office working remotely, or at client meetings or staff meetings. Providing we and mobile access extends the office environment and allows user access to data and analytics no matter where they are working or when they need information.

Near Real-Time Access to Transactions and Data

Having access to data that is not aged or incomplete is paramount, and accounting and finance professionals can leverage Tally ERP and the integrated analytics functionality to monitor and manage information, spot trends, identify issues and upcoming actions, all in a mobile, near-real time environment.

No Complex Training or Installation

Team members already know how to use Tally ERP. Using integrated analytics to gain insight into data and make decisions offers crucial, value-add features and functionality. The good news is that the integration of analytics does not require the user to master a complex set of analytical skills. Rather, the solution is intuitive and provides easy search analytics and tools that are simple enough for those with average technology skills.

Concise, Intuitive Reporting

An out-of-the-box set of reports provides an easy, swift way to gather, analyze and report on data, to collaborate and share results and to take action with confidence. Reports include overview formats for sales, purchasing, payables, receivables, income, expense, cash, bank, taxes and duties, monthly trends, etc. and provide contribution analysis and key performance indicators (KPIs). With sales and purchasing reports that allow professionals to explore sales and identify top customers, banking and cash reports that allow comparison with historical time periods, and payables and receivables that allow users to analyze by product, service, collections, etc. Inventory and stock reports and analysis, tax summaries and obligations, detailed ledger and balance analytics, and statutory reporting formats are also included. Making it easy for accountants, managers and finance-related professionals to analyze data by vendor product, service, sales person, location, customer, or other parameters provides real value to the team so the team can provide real value to the client or to colleagues and executives.

‘If the business provides its professionals with easy access to analytics, both within and outside the office, it can increase user adoption and improve the productivity and value of its team members and it can ensure optimal ROI and TCO.’

If the business wishes to get the most out of Tally ERP and improve ROI and TCO, it is wise to consider the addition of integrated analytics. By adding value to the team members, it can assure user adoption of the Tally solution and improve its decision-making and accuracy.

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.

How Do I Know if I Need to Integrate Analytics with My Tally ERP Solution?

You made sure you gave your business users the software they need to support their business function. Tally® ERP is popular among your team members. Accountants are using the appropriate module to enter data and print reports. Inventory managers are managing stock, and purchasing managers are coordinating suppliers, supplies and expenses. But you’ve been hearing about analytics at all the conferences and in the industry trade papers and you wonder whether you need to take your Tally ERP solution to the next level with integrated analytics.

‘Your users can still enjoy the familiar features and functionality of Tally ERP while adding the capabilities of integrated augmented analytics and out-of-the-box reporting to enable data-driven decisions,’

Gartner predicts that, ‘By 2023, overall analytics adoption will increase from 35% to 50%, driven by vertical- and domain-specific augmented analytics solutions.’ While your business may not be in a narrow vertical industry or a market with limited competitive dimensions, the concept of vertical and domain specific analytics can be applied to financial service practices or to a business unit within any enterprise that is dedicated to accounting, managing finances, controlling expenses etc. The reason is simple. No matter the type of company or industry in which is participates, the needs, regulatory specifications and requirements for reporting are specific to accounting, finance, and other departments that control investment, expenses and revenue.

If your business is considering adding integrated analytics to your existing Tally ERP solution, here are some things to consider that may help you answer the question, ‘how do I know if I need to integrate analytics with my Tally ERP solution.’

You Need Clear, Concise Information

When your business users are confined to the data and reports for their particular function, e.g., accounting or inventory, there is no flexibility and no way (short of expensive customization or IT report requests) to create a clear picture of a particular issue or question. Business user access to reports and data is restrictive and limited to columns and simple graphs that do not tell a story or reveal the root cause of a problem or the hidden opportunities within the data to improve products, pricing, purchasing agreements, tax strategies, investment opportunities, etc.

You Need Reporting and Analytics that Cross Business Functions

Users do not have access to comprehensive reporting for sales, tax, receivables, payables, cash, banking, accounting statements or other needs but rather must depend on simple templates and reports. Reporting is limited to a particular business function and data cannot be gathered across modules and analyzed to highlight issues that cross business function boundaries or opportunities for collaboration or process improvement.

You Need Mobile Access to Workflow and Reporting

Users are limited to desktop or, in some cases, browser access. No true, flexible mobile access is available to accommodate native operating systems (OS) and provide simple, user-friendly analytics for team members who must perform tasks, analyze data and report and share information while on the road.

You Need Measurable Results

Your business has the data in Tally ERP but needs to establish and monitor key performance indicators (KPIs) and provide metrics for measurable results against objectives and goals.

If some or all of these issues sound familiar to you, your business may wish to consider simple, integrated, mobile augmented analytics for Tally ERP.

‘You’ve been hearing about analytics at all the conferences and in the industry trade papers and you wonder whether you need to take your Tally ERP solution to the next level with integrated analytics.’

Your users can still enjoy the familiar features and functionality of Tally ERP while adding the capabilities of integrated augmented analytics and out-of-the-box reporting to enable data-driven decisions, gain insight into issues, and identify opportunities with intuitive dashboards, KPIs and reporting. Users can analyze data using a myriad of value-added tools and features.

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.

How Can I Improve ROI for Tally ERP? It’s Simple! Add Analytics!

Surveys reveal that the top three vertical industries currently using Tally ERP include Manufacturing, Retail and Real Estate. No matter what your business industry is, if you are using Tally ERP, you want to get the most out of your investment. As with any software solution, IT teams and executives constantly look for the tools that will give them the most benefit and value for the least investment. So, Return on Investment (ROI) is paramount!

‘Using the existing data and data structure within Tally ERP, analytical tools can provide additional insight and value to the organization, to business users, to clients and to the bottom line.’

If you are using Tally ERP, your team members probably depend on it for accounting, inventory, purchasing, sales, and other finance-related and data management activities. Why not add more value to the organization and to the clients and colleagues it serves?

Provide Value to the Organization, Users and Clients

Today, Tally ERP provides an integrated data analytics solution with out-of-the-box reporting and tools that are easy enough for every team member, no matter their technical skills. By enabling business users to sign in to Tally ERP and gather and analyze data across modules with clear, concise reporting, the enterprise can make decisions more quickly, add value in making recommendations to business units and, in a practice management environment, to clients, and thereby improve return on investment (ROI) and customer/client and user satisfaction.

Ensure Mobile and In-Office Access for Users

Cloud-based access through the web or a native mobile app provides access from anywhere and allows users to perform tasks, check on transactions in near real-time, and keep workflow going whether they are working remotely, on the road to a client meeting or in the office. Business users can leverage the familiar Tally ERP app without having to learn difficult, complex analytical techniques or new solutions.

Expand Insight and Reporting Capabilities

The key to improving ROI and the value your team delivers lies in combining team member knowledge of their domain and area of expertise with clear, concise data. By going beyond standard, restrictive reporting and enabling analytics, business users can see trends and patterns, problems and opportunities.

Serve All Business Users with Meaningful, Easy-to-Interpret Data

Sales Managers can monitor and manage sales for monthly, quarterly and yearly results and identify trends, top customers etc. Customer service, supplier and other management teams can manage payables and receivables and stay on top of creditors and debtors and can easily analyze the success and trends of products, services and components. Inventory managers can analyze shortages and overages, suppliers, products, shipping and distribution. Tax professionals can manage and anticipate taxes for future periods. Business users can monitor and manage cost center balances. The list is endless and the tools provided allow users to drill down to the ledger and transaction level to better understand what is happening. Reports are interactive and allow team members to slice and dice data across modules by vendor, product, service, cost, sales person, location, customer, inventory, costs, etc. Using the existing data and data structure within Tally ERP, these analytical tools can provide additional insight and value to the organization, to business users, to clients and to the bottom line.

‘The key to improving ROI and the value your team delivers lies in combining team member knowledge of their domain and area of expertise with clear, concise data.’

Find out how the addition of SmartenApps For Tally will support analytical initiatives, improve Return on Investment (ROI) for Tally ERP, 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.

Increase the ROI and TCO of Tally ERP with Integrated Tally Mobile Analytics!

If you are considering, or have already purchased software, you probably faced the questions from your management team about return on investment (ROI) and total cost of ownership (TCO). No doubt, your team did their homework when the business acquired Tally^® ERP software.

‘Out-of-the-Box analytics tools allow the user to leverage and optimize the existing technology in new ways.’

Gartner defines total cost of ownership as ‘a comprehensive assessment of information technology (IT) or other costs across enterprise boundaries over time.’ Forbes defines return on investment (ROI) as ‘…a metric used to understand the profitability of an investment. ROI compares how much you paid for an investment to how much you earned to evaluate its efficiency.’

On the surface, the calculations for TCO and ROI may seem simple.

TCO = Acquisition cost + Service/Maintenance cost – Salvage value

ROI = Net Income/Cost of Investment

But while these calculations provide a starting point for investment decisions, the impact of ROI and TCO on the team is something business users will live with every day. When it comes to the popular Tally solution, business managers, accountants and finance professionals have embraced and are using the various modules to support sales, manufacturing, accounting, finance, inventory, purchasing and other functions.

Your business can improve ROI and TCO for Tally by adding integrated augmented analytics. In this article we discuss how Tally Mobile Analytics can improve ROI and TCO for the business.

User Adoption

While your users are probably used to Tally and leveraging the module(s) that are most suitable for their role, there are probably team members who don’t use the solution as often as you might like. They may feel it is restrictive and limited to data entry or simple reporting. If they ARE using it, they may not find all the information they need and therefore will not be champions of the software. There is a lot to like about Tally ERP and a lot of capabilities and functionality. By adding integrated augmented analytics with features and sophisticated analytics that are easy enough for the average business user, the team is more likely to adopt and get the most out of the Tally investment. Expanded capabilities for built-in reporting and analytics will allow users to provide more value to clients and colleagues and this is likely to encourage user adoption as it will support career visibility, etc.

Optimization of Technology

Optimizing your investment in software is always important. If you are able to make the most out of the tools by providing an overlay of analytics, the data that already resides in your software and data source is more readily accessible. Out-of-the-Box analytics tools allow the user to leverage and optimize the existing technology in new ways.

Optimization of Resources

Every business is short-handed today, and the expansion and growth of digital tools and processes has allowed business users to do more and to be more productive. Getting to the information quickly, without the assistance of IT or data scientists or business analysts allows the user to ask a question, get an answer, make a recommendation, share data and move on. The enterprise can offer tools to its team without the frustration of extensive training and complex, time-consuming search and analytical techniques, thereby improving productivity and making the organization more agile.

Mobile Access

Nearly every business today has remote workers and staff on the road, working out of a hotel room or in an airport. By providing mobile access to analytics and to the Tally ERP data, the organization can leverage its investment 24/7, without experiencing delays in workflow or output. Near real-time analytics and access to reports, tasks and data sharing allows the business to move faster and more precisely.

‘Your business can improve ROI and TCO for Tally by adding integrated augmented analytics.’

Find out how the addition of SmartenApps For Tally can help your business improve ROI and TCO, 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.

Why Does My Business Need to Add Analytics to Tally ERP?

If your business is currently using Tally ERP, your business users are familiar with the features and the data structure of the module they use, whether they are an accounting professional, managing inventory, reviewing sales or preparing statutory financial reports. Your management team may be considering adding analytics to your organization in order to democratize data and to improve fact-based decision making. If the organization decides to add analytics to the Tally ERP environment, it will have the best of both worlds.

Gartner states that, ‘90% the world’s top 500 companies will have converged analytics governance into broader data and analytics governance initiatives.’ There are many reasons a business leader will converge analytics and other initiatives. One of these reasons is that the integration of analytics into other work processes and activities ensures successful deployment of analytics throughout the enterprise.

‘By adding analytics to the Tally ERP environment, the enterprise can improve organizational agility, increase the value of existing team member knowledge and experience and avoid creating data silos that will inhibit user adoption.’

In this article, we take a look at why it is wise to integrate your Tally ERP solution with integrated analytics and how it can benefit your enterprise.

One-Stop Analytics

When you integrate augmented analytics with the familiar Tally ERP solution, users can leverage their favorite application to prepare and perform analytics. There is no need to frustrate users with data silos and new applications that are complex and difficult to use. Using out-of-the-box analytics with sophisticated functionality in an easy-to-use environment, users can analyze and report on sales, purchasing, bank, cash, payables, receivables, inventory, taxes, cost centers, ledgers and account statements.

Value Add

Financial, accounting and other professionals can add more value to the organization, to business units, to clients and to colleagues by performing analytics across modules, leveraging pre-built reports and gaining insight into data. Your finance-related teams will be welcomed as crucial team members and can provide clarity and help the organization use the data contained within the Tally ERP solution to understand issues and opportunities and identify trends.

No Advanced Skills Required

Using domain, topic and career experience, your finance-related team members can prepare, analyze and understand data and information without the assistance of IT team members or data scientists. This allows the organization to democratize data and improve data literacy and takes the professional business users beyond data entry and into the realm of analytics without asking them to learn new technology skills.

By adding analytics to the Tally ERP environment, the enterprise can improve organizational agility, increase the value of existing team member knowledge and experience and avoid creating data silos that will inhibit user adoption.

‘Your management team may be considering adding analytics to your organization in order to democratize data and to improve fact-based decision-making.’

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.

3 Ways Integrated Tally Mobile Augmented Analytics Can Help Small and Medium Businesses

As a Tally^® ERP user, your business already knows the value of this solution. The Tally solution provides businesses with tools to manage all critical aspects of your business, including accounting, sales and purchase, inventory, manufacturing, taxation, payroll, MIS reporting, etc. As your enterprise grows, and markets become more competitive, it is important to add capabilities that will allow you to be more competitive and help you understand what is happening in your business, what processes, products and activities are helping you to achieve your goals and where you need to adapt.

By integrating augmented analytics into your Tally solution, your team members can leverage analytical tools in an easy-to-use, out-of-the-box environment to produce reports and share data that will offer insight into your business results and strategies.

‘…team members can be creative and innovative in their recommended solutions and, more importantly, can discover the reasons for success or shortfalls.’

By some estimates, the financial analytics market has the potential to reach nearly ten and half million US dollars by 2023. The growth of this market is evidence that businesses are embracing the need for analytics. But when it comes to small and medium sized businesses, the budget for data scientists, analysts and complex analytical solutions is slim to none.

In this article, we discuss three ways that integrated augmented analytics can add to the existing value of the Tally ERP solution and help business users achieve results and gain insight for decision-making and recommendations.

Clear, Concise Reporting Built for Business Users

While Tally ERP provides its own reporting capability, adding flexible analytics reports for sales and purchasing, banking and cash analytics, payables and receivables, inventory management, taxes, cost center and ledger analysis, account statements and drill-down capabilities allows the user to gather data and analyze it across modules and to discover the root cause of an issue, or identify a product, pricing, supplier or other opportunity to leverage in the market. Small and medium sized businesses are often short on resources and users have little time to learn new software or play with report formats to get what they want. By providing a set of built-in reports, business users can be more productive and get the information they need AND they can share that information.

Seamless Access in the Office and On the Road

Nearly every team member in a small or medium sized business has multiple roles and is often on the road or working remotely. Integrated augmented analytics that is accessible in near real-time via mobile or web access allows the user to make the best use of their time and to perform tasks and analyze data from anywhere.

Suitable for all Finance and Accounting Roles

Many best-of-breed solutions are designed to support a specific need within the organization. Accounting systems are designed for accounting professionals, inventory systems are typically designed as part of an ERP system and support the needs of inventory managers. Tally ERP has modules that are designed for sales, accounting, finance, inventory and other roles. By integrating augmented analytics within this environment, every professional (no matter their role) can use the solution in a way that is best suited for their needs. An additional advantage is the ability to perform simple queries across modules and data so a sales manager might spot a problem with an ad campaign scheduled to promote a product for which there is little inventory, or a purchasing manager might create a report to reveal where bulk orders for multiple business units might result in lower pricing. In truth, while every professional has a specific role, many responsibilities and tasks cross over from one department to another and, with the ability to perform searches and analytics that incorporate data from across the enterprise, team members can be creative and innovative in their recommended solutions and, more importantly, can discover the reasons for success or shortfalls.

‘By integrating augmented analytics into your Tally solution, your team members can leverage analytical tools in an easy-to-use, out-of-the-box 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.

How Can Tally ERP Users Leverage Their Favorite App to Perform Analytics?

Gartner predicted that, ‘a scarcity of data scientists will no longer hinder the adoption of data science and machine learning in organizations.’ If businesses wish to fulfil this prediction, managers must choose self-serve tools that will allow for analytics and fact-based decision making without hiring a team of professional data scientists AND they must leverage the tools already in place to enable user adoption of analytics.

But how?

‘To enable analytics in the Tally ERP environment, the enterprise must carefully consider the ease-of-use of the solution, whether it requires training, how accessible the solution is and whether the business user can accomplish tasks easily.’

In this article, we discuss the use of Tally ERP and how your business users’ favorite business application can be used to engender analytics and more accurate decisions.

• With integrated analytics, business users can leverage Tally ERP to gain access to and better understand results, and analyze and report data, using integrated analytics to explore, and clarify via the web or mobile applications.
• Users have near real-time access to recent transactions and can work inside or outside the office to access Tally data and analyze, report and collaborate.
• The organization can implement and start using integrated analytics quickly so there is no wait time or extensive training required. The enterprise can encourage data democratization, allow users to leverage domain and industry knowledge and the data within Tally ERP to perform analysis.
• Out-of-the-box analytics and intuitive dashboards and reports allow for analysis of sales, purchasing, banking and cash, payables, receivables, inventory, taxes, cost centers, account statements and other reports, all with drill-down capability.

‘Discover how your business users’ favorite business application can be used to engender analytics and more accurate decisions.’

With easy-to-use tools and the ability to leverage the familiar Tally ERP solution, users do not have to choose between day-to-day tasks and analytics. They can do both, in the office or in a mobile environment. Because team members often resist change and new responsibilities, the enterprise must carefully consider the ease-of-use of the solution, whether it requires training, how accessible the solution is and whether the business user can accomplish tasks easily without having to deal with data in a silo environment. Integrated access and easy tools are key!

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.

3 Reasons to Integrate Augmented Analytics for Tally ERP to Leverage Analytical Trends!

Rutgers Business School and the American Institute of CPAs (AICPA) recently announced the formation of the Rutgers AICPA Data Analytics Research Initiative for further integration of data analytics into the audit process and advancement in the public accounting profession. As research firms, technology analysts and industry leaders embrace the concept of analytics in accounting and finance, it is prudent to consider the impact on enterprise solutions and software.

‘If a business wishes to embrace the analytical trends for this industry, it must provide easy-to-use tools that are cost-effective and allow for swift integration, implementation and user adoption.’

If organizations are to increase the return on investment (ROI) for these existing solutions and, at the same time, embrace the analytical trend, these businesses must find a way to provide the right tools to business professionals – and those tools had better not be designed for IT or data scientists or there will be no hope of getting users to adopt new techniques and leverage analytics in their day-to-day environment.

In this article, we discuss three advantages of integrating analytics with Tally ERP to stay abreast of industry trends.

Designed for Business Users of Tally ERP

The accounting, inventory, purchasing, sales and other finance-related modules in the Tally solution are popular with users and are used on a daily basis for data entry, simple reporting and completion of workflow tasks. Adding augmented analytics to the functionality and features provides support for new business goals so management, IT and analysts can enable business users with analytics and add value to clients and to the organization without requiring business users to take data science training or to have advanced technology skills. Business users can leverage their domain and professional expertise to find and analyze data and test theories, solve problems and gain insight to be shared with the organization and clients. If a business intends to follow the trends of financial and accounting analytics, it must ensure that any new tools are designed for the average business users and will allow them to follow existing workflow and business processes.

Integrated with Tally Functionality for Easy Access and Intuitive Use

Any new augmented analytics solution must be easily integrated with Tally ERP in order to be cost-effective and to avoid delays in implementation and user adoption. Mobile access is fundamental to success, as many team members today are on the road, working remotely or accessing data from client locations or other office locations. Providing integrated functionality allows business users to work within the Tally ERP solution, using familiar tools and views while, at the same time, leveraging new, sophisticated analytical functionality that will improve their performance and value to the organization.

Flexible, Pre-Built Reporting for Clear Results

Tally ERP does provide reporting capability but, if the organization is going to advance to true analytics and ask its business professionals to get on board, it must provide simple, easy-to-use reporting capability that will offer powerful results. Reports should include overview reports with top and bottom analysis, contribution analysis, KPI analysis, and sales and purchasing reports for monthly, quarterly and annual trends, top customers, detailed sales registers, etc., as well as bank and cash reports so users can compare historical and current results. Payable and receivable reports should allow for reporting by creditor, debtor, product, service and overdue collections trends. Inventory reporting and analysis should encompass overstock, understock, suppliers, products, shipping and distribution. Other reports should include taxes with estimated obligations, cost center analysis and balances by account and group, ledger entries and balances with drill-down to voucher level, account statements for statutory review and submission, etc.

‘If organizations wish to embrace analytical trends, they must find a way to provide the right tools…and those tools had better not be designed for IT or data scientists or there will be no hope of getting users to adopt new techniques.’

If a business wishes to stay ahead of the competition and embrace the analytical trends for this industry, it must provide easy-to-use tools that are cost-effective and allow for swift integration, implementation and user adoption.

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.