In one of the articles Tejas Goenka quoted “Accounting is Tally and Tally is accounting,” which highlights how Tally Integrations is a household name in India. While Tally’s accounting solution succeeds in helping small and medium-sized businesses with accounting, another common problem faced by Enterprises and SMEs is “communication between different ERPs”.
A distributor who deals with the “n” number of traders would also mean dealing with 2-3 ERP systems. Think about the manual effort put in by the accounting team, to settle the accounts on daily basis.
The manual process leads to other challenges like human errors, delays in reconciliation, manual tracking of payments and transactions, and chasing the traders/buyers for payments. Taking its first step to solving this problem, Hylobiz is proud to announce the feature of Tally Integration with Hylobiz.
Network Of Ledger – Hylobiz Tally Integrations
Businesses are moving digital, with a new environment comes new challenges of “seamless communication, real-time visibility of transactions and flexibility to accommodate the evolving dimensions of businesses. While a business needs to interact with a number of channels, it is time for businesses to integrate their systems letting information flow freely [ with consent]
With Hylobiz Network Of Ledgers, all of the challenges could be overcome. Hylobiz ERP Integration that offers seamless communication among different ERPs can now communicate with Tally helping traders, businesses in
- Initiating the transaction in Tally
- Track the Payments in online and Offline[Cash and Cheque] mode
- Customize Reminders
- Auto reconciliation of transactions.
- The flow of transaction details to ERP like Botree and Quickbook
With the Tally integrations, all your Invoice Vouchers created on Tally shall go to their Payers/Customers with a Digital Payment Link. Customers can go to Under Business Settings > Connect to 3rd Party Applications and initiate the Connection with Tally and Hylobiz.
Benefits of Tally Integrations
- By removing “manual intervention” Tally integration eliminates the possibility of human errors
- Automation of Receivables and Payables assist businesses in saving costs of accounting and offering real-time visibility of working capital.
- With real-time data flowing, it aids in centralized reporting and manages your portfolio better.
If you are a professional, freelancer, SME or an Enterprise and looking to explore the Automation of Receivables and Payables, integration with ERP’s for seamless communication and other features for better efficiency, please contact us here.
Hylobiz offers Business Banking solutions via integrated business tools For SME’s, Enterprises, B2B’s and Freelancers, you can Send Invoices, collect payments and make Vendor Payments anytime anywhere.