2 weeks Ago
Software services provider for small businesses Tally Solutions is expanding its product suite, building an integrated accounting to financial reconciliation and credit facilitation offering. The Bengaluru-based company, founded in 1986, said it is in an expansion and rediscovery mode as it prepares to serve the new generation of small businesses through connected services. “We are working with banks to make business banking and reconciliation a lot easier with Tally.
” said Tejas Goenka, managing director, Tally Solutions. Goenka said banks are looking at this functionality as a tool through which they can get more customers. The businesses using Tally might move their major banking services to those banks which are connected on Tally, as it is one of the most popular accounting software services in the country, he said.
With the small business community in the country getting digitised, Tally Solutions found an opportunity to bring more services onto its platform. The company had applied for a small finance bank licence, but the application got rejected by the Reserve Bank of India in June. Artificial Intelligence(AI) Java Programming with ChatGPT: Learn using Generative AI By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Artificial Intelligence(AI) Basics of Generative AI : Unveiling Tomorrow's Innovations By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Artificial Intelligence(AI) Generative AI for Dynamic Java Web Applications with ChatGPT By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Artificial Intelligence(AI) Mastering C++ Fundamentals with Generative AI: A Hands-On By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Artificial Intelligence(AI) Master in Python Language Quickly Using the ChatGPT Open AI By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Office Productivity Zero to Hero in Microsoft Excel: Complete Excel guide 2024 By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Astrology Vastu Shastra Course By - Sachenkumar Rai, Vastu Shashtri View Program Data Science SQL for Data Science along with Data Analytics and Data Visualization By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Web Development A Comprehensive ASP.
NET Core MVC 6 Project Guide for 2024 By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Office Productivity Mastering Microsoft Office: Word, Excel, PowerPoint, and 365 By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Marketing Digital marketing - Wordpress Website Development By - Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expert View Program Web Development Mastering Full Stack Development: From Frontend to Backend Excellence By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Finance Financial Literacy - TDS, Budget, Income Tax Act, GST, Indirect tax By - CA Rahul Gupta, CA with 10+ years of domain experience, trainer View Program Leadership Business Storytelling Masterclass By - Ameen Haque, Founder of Storywallahs View Program Future of Marketing & Branding Masterclass By - Dr. David Aaker, Professor at Haas School of Business View Program HR & People Management Human Potential and the Future of Employment By - Lynda Gratton, Co-chair of the World Economic Forum Council on Work, Wages and Job Creation, Professor of Management Practice View Program Strategy ESG and Business Sustainability Strategy By - Vipul Arora, Partner, ESG & Climate Solutions at Sattva Consulting Author I Speaker I Thought Leader View Program Finance Financial Reporting and Analytics By - Dr. C.
P. Gupta, Professor: Department of Finance and Business Economics, University of Delhi View Program Marketing Performance Marketing for eCommerce Brands By - Zafer Mukeri, Founder- Inara Marketers View Program Now it intends to focus on building a distribution play on financial services . Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories The company launched its account aggregator services in October last year, after getting the NBFC-AA licence for Tally Edge, its subsidiary.
While Tally Solutions has been among the most popular accounting services used by small businesses, after the imposition of goods and services tax (GST) and digitisation of tax filings, the use cases of the platform have grown manifold. “We had just about a million paid businesses on Tally before GST was introduced, now we are at 2.5 million paid businesses,” Goenka said.
He has set a target of pushing up the base of paid users by 50% in the next three years. Paid users get facilities such as connected services and GST filings . The idea behind Tally Solutions is to build a system which will allow users to not only record their transactions but also make their filings through the same portal.
Armed with the GST Suvidha Provider licence, the company wants more users to use its services for GST filings. “We are already being used by our customers for e-invoicing . Now, with the API (application programming interface) integrations with the GST network, we are hoping to make day-to-day compliance operations and even tax filing significantly easier for businesses,” Goenka said.
.
