Tally vs ERP: Drawing a line of difference
Branding, a concept of marketing can’t be better work in any other nation than India.
The positioning is done keeping an emotional touch. Many brands are successful in touching their heart and setting their mind to conceive every other brand and their product by their name. To ease down your understanding, lets talk about Colgate. Their marketing is so on point that in India, toothpaste(a product) is interchanged with Colgate(a brand). I am sure you must have done the same at some point of time.
Likewise, it is also in case of tally. In India, All accounting software is Tally. Not only that, every ERP is also interchanged with Tally. You must have come across people saying, they use an ERP and when you ask which one? They proudly say ‘Tally”. Even the most literates does the same.
Well, I am here to clear out this confusing air.
I will justify my statement below. Keep reading…
Tally: Makes life of an Accountant easier
Tally solutions, a Bangalore based company launched in 1999 by Bharat Goenka, reports that their software is used by nearly 1.6 million customers. This business giant has made accountant’s life easier and solved the national problem of ‘What comes is debited and what goes out is credited.’___Pun intended.
Well, with a large features around accounting like data entry, data storage, record of financial transactions and events, billing etc., these features are not enough to provide the real time data analytics as fast as needed in this rocket growing business space. There sincere efforts towards regular introduction of new features like launch of GST compliance feature, reporting to quite an extent and others are appreciable but not sufficient in data analytics centre world.
Now Let me tell you why Tally is not sufficient.
ERP: Makes overall Business easier
Do you realise your competitors in your industry and their core competence and Where are you lacking? Through ERP this question will be answered with a bonus answer of ‘Why are you lacking’? A wide variety of metrics and an interactive dashboard, you can have a holistic view of every department and processes. It makes the business transparent for insiders and keep them updated with overall happenings across the organisation with proper authorization.[Keep upto date with The Newest trend in Manufacturing sector | Also know which size of ERP suits your business( List of ERPs to make you fast decision maker)]
Why ERP not tally?
A comprehensive solution
ERP is solution to all issues right from billing to recording to inventory management, production management, transaction management and many others. [Also read: Why Transaction security should be first of your concern?]
One platform for streamlining all your business processes leads to simplicity which ERP provides.
Analytical graphs, charts and statsDo you know about 65 percent of the world’s population are visual learners?
This explains all. Analysing the data is considered to be the one of the challenging tasks around the world. Well, ERP software is an intelligent module which displays a complex data in the form of graphs and charts and gives essential stats which makes it smart and useful.
As rightly said,
Integration with Tally
Well good news for all the Tally users here who are sticking till the end. There are softwares in the market who does not let you abandon Tally, which you are using since ages. TranZact is one of the examples. It lets you integrate your accounting software(Tally) with a comprehensive ERP solution which satisfies your recording as well as analytical requirement regarding inventory and production management and also fulfils all the tax compliances.
Now, never say that you are using ERP if you have tally installed. I hope that I have cleared the air and mis-interpretations. You need to assess your size and your needs and accordingly make room for whatever software you think is necessary. [ We can help you choosing the right software]
ERP is need of an hour for proper interpretation of data and put it use to strategy formation towards growth. Don’t ignore it just because you are comfortable operating tally or other software. Change is necessary and can be done with utmost delicacy and smartness.