Name: TallyPrime
Brand: Tally Software Solutions FZCO
SKU: 63c624c14d8291f7cb4c9842
Rating: 4.4 (1344 reviews)

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TallyPrime

By Tally Software Solutions FZCO

Alternatives

Categories Associated

Inventory Management Software

E-Invoicing Software

Overview of TallyPrime Software Company

Tally Solutions Pvt. Ltd., the developer of TallyPrime, is an Indian multinational technology company headquartered in Bangalore. Founded in 1986, the company has grown to become a leading provider of enterprise resource planning (ERP) software, particularly known for its business management solutions tailored for small and medium-sized enterprises (SMEs). TallyPrime, the company's flagship product, is used by over 2 million customers across more than 125 countries, making it a significant player in the global business software market.

Founding and Growth

Tally Solutions was co-founded by Shyam Sunder Goenka and his son Bharat Goenka in 1986. The inception of the company was driven by the need for efficient financial management software for their own business. The first version of the software, Peutronics Financial Accountant, was launched as an MS-DOS application with basic accounting functions. Over the years, the software evolved, adding more features and capabilities, leading to the launch of Tally.ERP 9 in 2009 and eventually TallyPrime in 2020.

Funding and Valuation

Not Available

Product Offerings and Features

TallyPrime is a comprehensive business management software designed to simplify and automate various business processes. Key features include:

Accounting and Finance: Automates ledger management, bank reconciliation, billing, and financial reporting.
Inventory Management: Real-time tracking of stock levels, orders, and sales with features like godown management, batch and expiry date tracking, and job costing.
Tax Compliance: Supports GST, TDS, TCS, and payroll statutory requirements, ensuring accurate tax calculations and filings.
Invoicing and Billing: Customizable invoice formats, multiple billing modes, and optimized invoice components.
Banking: Auto bank reconciliation, pre-defined cheque formats, and e-payment management.
Reporting: Over 400 customizable business reports providing valuable insights for decision-making.
Multi-Tasking and Remote Access: Allows seamless multitasking and remote access to business data from any device.

Acquisitions and Product Expansion

Tally Solutions has focused on organic growth and product development rather than acquisitions. The company continually enhances its software to meet evolving business needs and regulatory requirements. Notable expansions include the integration of GST compliance features and collaboration with Amazon Web Services to offer cloud-based solutions.

TallyPrime AI and New Features

Recent updates to TallyPrime have introduced several new features, including:

Business Dashboards: Visual representation of key business metrics.
WhatsApp Integration: Instant sharing of invoices, orders, reports, and documents.
Enhanced Data Import: Simplified data import from Excel.
Edit Log: Comprehensive audit trail for compliance and transparency.

Company Culture and Values

Tally Solutions emphasizes the power of technology to make business owners efficient, empowered, and happier. The company is committed to simplifying business processes through innovative software solutions. Tally Solutions values customer satisfaction, continuous improvement, and integrity, which are reflected in their robust customer support and regular educational webinars.

User Base and Community

TallyPrime boasts a diverse user base of over 2 million businesses across more than 125 countries. The software is particularly popular among SMEs due to its affordability, ease of use, and comprehensive feature set. Tally Solutions fosters a strong community of users through active engagement, support forums, and partnerships with over 28,000 business partners globally.