Finance and Accounting Pros Improve Value with Integrated Tally ERP Analytics! Technology research firm Gartner states that, ‘40% of application development teams will be using automated data science and machine learning services to build models that add AI capabilities to their applications.’ ‘By integrating analytics within the Tally ERP environment and providing out-of-the-box reporting and results, the business can provide tools that ensure fact-based decision-making, get to the root of problems, and identify opportunities for growth.’ By now, your business has probably seen the articles a ..read more

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 i ..read more

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 bou ..read more

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 stat ..read more

What Insights Can My Business Gain from Integrated Tally Mobile 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. ‘Ta ..read more

When Considering Tally ERP Mobile Access, Add Augmented Analytics to Complete the Picture! 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 per ..read more

Leverage Integrated Analytics Reporting in Tally ERP! 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 ..read more

Small and medium sized businesses (SMEs) are often challenged to satisfy all the roles and responsibilities in the organization and most team members wear more than one hat. That feeling of being overstretched is typical of growing businesses and, in an increasingly competitive market with businesses fighting for skilled resources, it is difficult to meet budget and scheduling goals and get it all done. One of the most common SME considerations today is how to satisfy the need for actionable data and fact-driven decisions without hiring a team of data scientists. A recent Gartner study states ..read more

Web Access to Accounting Analytics Reporting is Crucial to Business Success! 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 fu ..read more

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 levera ..read more