Tally Solutions provides small to medium sized businesses with an accounting and inventory management solution called, Tally.ERP. This solution is widely used on the Indian subcontinent, in the Middle East, Far East, and Africa and other countries around the world. It is affordable, and easy to use for accounting and inventory management. Tally is a popular solution for small to medium sized companies in all types of industries.
As a business grows, it must achieve true business management and take a business intelligence view of the enterprise. This comprehensive view requires more than the Tally solution’s basic reporting capability. If the business wishes to consider developing customized Tally reports, it is important to understand that this type of customization is costly and time consuming and, in all likelihood, would be outgrown by future requirements.
As an enterprise grows, it would be wise to consider the use of a flexible business intelligence solution that can provide integrated visualization, analysis and flexibility so that the company can continue to use Tally ERP and leverage data from the Tally solution as well as from other systems and solutions within the enterprise. Part I of this series of articles will address the issues a small to medium sized (SME) business faces as its reporting requirements become more complex and the need for flexibility increases.
As a business grows, the need for flexible, customized reporting grows as well. There is no telling what a user, manager, or team leader might need on any given day to identify problems and solutions or to share data and plan for the future, or recognize and capitalize on a market opportunity. The need for simple, personalized reporting is never ending but, if a business has to pay someone to customize reports, it will find this solution expensive and time-consuming! As the business grows, its employees need a flexible reporting environment to provide meaningful, actionable data at all levels within the enterprise.
A flexible business intelligence solution must allow users to slice and dice, and drill through and down, at the summary and detail level, and provide advanced analytical features. Solutions that offer integration with a classic reporting package can be helpful, but they do not allow for the flexibility a user needs to change reporting requirements from day-to-day or hour-to-hour. When a business integrates business intelligence with Tally, it can manage results, and clearly see, sort and analyze sales and pricing information, as well as inventory levels, payables, receivable, an overall snapshot of finance, sales, and inventory over dynamic periods and much more. Users can analyze division results, the root cause of sales decline, and the need for additional resources and training, and more!
Typically, a Tally Solutions customer is a solution that is used by a small to medium sized company, to capture and manage accounting and inventory records and provide simple reporting and record keeping. As a small business grows, its executives, managers, team leaders and employees have a greater need for flexible reporting and a solution that will support corporate performance management and employee accountability and empowerment. By acquiring an integrated BI solution, the business can better leverage Tally ERP and other existing solutions and create flexible, timely reports that result in confident decisions and will provide every user with information, alerts and graphical reporting capability that is meaningful to their role in the business and will help the user and the business to succeed.Share