Enjoy Seamless Integrated Analytics for Tally ERP!

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.

Enable User Adoption with Self-Serve BI and Cross-Tab Analytics
  • 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.

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

Embrace Trends with Tally ERP Integrated Analytics!

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.

Stay Abreast of Trends with Tally ERP Integrated Analytics

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.

Original Post : Stay Abreast of Trends with Tally ERP Integrated Analytics!

Improve Financial Accuracy with Tally ERP Analytics!

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.

3 Ways Cross-Tab BI Can Improve Reporting!

By some estimates, a business will experience a three-month lag between the time a report is produced and the point at which the enterprise sees improvement or results from the changes the report recommends or predicts. If the reporting is unclear or unconvincing, the recommendations may never be implemented and the report will sit in a file on someone’s computer.

Three Benefits of Integrating Analytics with Tally ERP!

There are many finance-related roles within a business. Whether you are an accountant or a finance manager or controller, or you manage inventory, purchasing, sales or other critical areas of the business, it is likely that you are responsible for a budget and for mitigating expenses and improving revenue. Tally® ERP users understand the software solution and use it daily to enter data and to produce standard reports.

Mobile Augmented Analytics & Tally ERP: A Winning Combination!

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.

Accounting and Finance Pros Can Use Tally ERP Analytics!

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.’

Leverage Key Performance Indicators to Achieve Results!

Key Performance Indicators and Performance Management are Crucial to Business Agility!

When a business takes on the task of going from an opinion-based, guessing game environment to a metrics-based, fact-based environment, it must decide WHAT to measure. Metrics are fine, but deciding what is important to measure is crucial. You can measure the wrong things and end up knowing nothing about what is happening in your enterprise, and which tasks and activities are contributing to your bottom line, as opposed to the tasks that are non-productive and business processes that should be modified.

The Value of Tally ERP Web-Based Accounting Analytics!

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.”

Mobile BI Improves User Adoption and ROI!

Here’s How Mobile BI Encourages User Adoption and TCO!

Businesses that invest in business intelligence solutions expect to achieve results, become more competitive and improve productivity, but these businesses often fail to understand the need for Mobile BI. Mobile business intelligence should provide all the features and search capability a user needs to perform tasks and get information while on the road, working remotely or visiting a client, partner or regional office.