Tally is the most used software for accounting and additional business functions. Through Tally integration, you can easily import and export data from one software to another. Most small and large companies use Tally to organize their information.
MIS, BI, and accounting are inter-connected systems that are essential to a streamlined and integrated business operation. Together, they give you the power to accomplish any task and analyze business insights. By Tally integration, you now have complete visibility of all your business data. It not only helps day-to-day management of your business, but also enables the workforce to make important business decisions.
Tally provides three different APIs that you can use to integrate with other business applications. The three APIs are Extensible Markup Language (XML), Open Database Connectivity (ODBC), and Tally Definition Language (TDL).
These three APIs offer seamless integration between different applications & databases and work through both online & offline modes. When you want to exchange information with external systems, the XML approach can be used. It supports web services and emphasizes simplicity and usability.
The ODBC approach supports read functionality. It also acts as a middle layer between applications. The TDL supports the ‘Read and Write’ functionality and the development team can easily export data from this structure.
There are different kinds of ERPs available for various business needs. Though most ERPs have a set module for every department like – sale, production, purchase, quality control, and finance – there is a visible difference between Traditional ERP and Tally Integrated ERP. Tally integrated ERP is better for long-term business needs as it has many benefits compared to Traditional ERP.
A] Tally Integrated ERP vs Traditional ERP
1. Reduced Change Management System
Tally.ERP integration as a smooth implementation process that does not disturb the financial department and maintains a focus on streamlining all operations. Also, as compared to Traditional ERP, the management is effective and simple.
2. Zero Duplication
In a Traditional ERP system, you had to maintain duplicate records. But, with the Tally integration ERP system, there is no need to maintain duplicate records or entries as all data is seamlessly integrated with the system.
3. User License
The Tally integrated ERP system has an open-source database. There is no limitation* in terms of licensing costs. You don’t have to add users manually as there is a progression in your business functions. An unlimited* user license makes things easier, even if there is considerable growth in your business.
4. Tally.ERP Advantages
- An integrated Tally.ERP system system provides complete role-based user authorization, so you’ll be able to set the rules as per individual designation, responsibility, and role of the user.
- As compared to Traditional ERP, in an Integrated ERP approach, all the purchase orders can be amended. The orders can also be regulated, and you’ll be able to take purchase approvals from the designated users.
- In the Integrated Tally version, you’ll be able to add new custom fields as per the requirement without any added cost in the output document.
- As Integrated Tally is open-sourced, it can handle a large volume of data without any issues.
- Traditional ERP can only track raw materials and finished goods. Integrated Tally version helps to facilitate multi-stage production management with WIP.
- Integrated Tally.ERP version offers tabulated reporting formats that enable the user to enjoy excel functionalities such as sorting, grouping, and filtration.
Times have changed, Integrated software and applications are the need of the hour. With easy integration, you not only save on time but also your efforts to manually make an entry.
B] Benefits of Tally Integration
1. Business Process Automation
Tally integration is effective for business process automation. Without Tally, you’ll have to transfer your data between different systems manually. But, with Tally, you’ll save time and limit manual errors. It also reduces data input duplication.
2. Better Visibility
Tally integration gives you a complete overview of the required data on the dashboard. It helps to increase visibility and decision-making, which leads to optimum ROI for the business. Better visibility also ensures the rapid growth of the business.
3. Financial Management
Tally helps to manage the accounting operations of the company and customizes reports. All reports can be auto-generated and scheduled with a Tally integration feature. The software helps to perform an analysis of the finances and other tasks of the organization. In short, it helps keep a complete track of the Finances of the company.
4. Centralized Reporting
Generating reports through scrutinizing data manually is a tiresome process. It also takes a toll on employees working on it. With real-time integration of Tally, consolidation of the data from different systems becomes easy. It offers a seamless and centralized reporting experience, which can also increase productivity to a good extent.
5. Complete Inventory Management
Most organizations use Tally integrated ERP for inventory management and stock keeping. It helps the organizations to manage all stocks, invoices, and categories.
It helps to obtain instant reports on stock inventory and turnovers. With Tally integrated ERP, business users can create different product stock categories and subgroups. If there is a new stock item you need to add, then it can be added under the particular warehouse or category.
The stock inventory can be maintained batch-wise so all the expiry dates for a batch can be monitored better, which ensures that no stock is wasted.
6. Cost Optimization For Resources
Tally helps to optimize cost over human resources. It not only saves time but also offers more perfection in functions. It also saves the cost involved in the administration process.
7. Minimizes Sales Cycle and Collection Time
As Tally integration ERP responds on time, it leads to minimizing the sales cycle closure time. It also provides each team member with the required information.
Tally integration helps to raise the invoice on time and gives an option to set up an alert if there is a payment delay from the customer’s end. It helps to maintain business transparency depending on business departments.
To Sum Up
Tally Integrated ERP facilitates smoother operations for day-to-day tasks. It enhances efficiency and saves time. It eliminates traditional software limitations and enables organizations to maintain a perfect level of coordination.
Many companies are now also integrating their CRM systems with Tally to get an end-to-end visibility of their customers, vendors and partners. As an example, Zoho to Tally integration enables your business to seamlessly exchange data between Zoho and Tally on a near real-time basis so that your sales, operations and finance functions have complete visibility through the sales funnel. It handles compliance seamlessly and allows easy management of business operations. Tally integrated ERP software is better compared to Traditional Tally software, so do switch to integrated one today.