Worldwide, the micro and small enterprises (MSEs) have been accepted as the engine of economic growth and for promoting equitable development. The MSEs constitute over
90% of total enterprises in most of the economies and are credited with generating the highest rates of employment growth and account for a major share of industrial production and exports. In India too, the MSEs play a pivotal role in the overall industrial economy of the country. It is estimated that in terms of value, the sector accounts for about 39% of the manufacturing output and around 33% of the total export of the country. - Ministry of Micro, Small and Medium Enterprises, Government of India, http://www.msme.gov.in
Tally Solutions has been in the business of providing complete business solutions from over 20 years to MSME businesses in emerging markets. We have over 3 million users in over 100 countries and continue to be the preferred IT solution for many hundreds of thousands of businesses every year.
Tally 9 – its flagship product (which started as a simple bookkeeping system 20 years ago), is today a comprehensive, integrated solution – covering several business aspects of an enterprise. These include, Accounting, Finance Management, Receivables / Payables, Inventory Accounting, Inventory Management, BoM based manufacturing inventory, multi-location / multi-currency / multi-unit handling, Budgets and Controls, Cost and Profit Centres, Job Costing, POS, Group Company consolidations, Statutory Taxes (Excise, VAT, CST, TDS, TCS, FBT, etc), Payroll Accounting, and other major and minor capabilities. For all practical purposes, it has served as an ERP for small enterprises since the introduction of Tally 5.0 almost 12 years ago.
Yet, we had resisted labeling it as an ERP for a very simple reason. We have always believed that to ‘qualify’ for such an august label, the system should inherently support the ability to operate the enterprise from anywhere. That is, the owner(s), or any other authorised person, should be able to work on their information – even without direct physical access to the systems. Effectively, we wanted the capability to extend Tally beyond the physical boundary of the installation. With the availability of Remote Access and Remote Authentication, we are now satisfied that it is time to label the product as Tally.ERP.
Beginning with Tally.ERP 9 Release 3, we will progressively deliver the capabilities required even by Medium & Large corporations. These too are detailed below.