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Digital transformation is no longer a choice for businesses, irrespective of the size. It has become more like a mandate, to stay afloat in the market. With business landscape evolving rapidly and becoming competitive like never before, several companies have taken the digital route to experiment with their current processes, to further understand how digital adoption could transform their business. Defined as the application of technology to create new business processes, digital transformation leads to lowered IT spends, improved customer service and increased employee productivity.
With remote working and on-the-go access of data taking the forefront, it has become imperative that software providers offer such features for their users. So, what exactly is a connected experience? Connected experiences help manage data from automated processes and self-learning software to build meaningful relationships with customers across channels. For example: While adopting a software technology for your business, the complexity level of installing and getting started with the product should be at a minimum. More the dependency on individuals more will be a delay in business operations, thus impacting the growth at large.
Such experiences are consumable, adaptable, and can enable customers to get hands, on their company data, anywhere, anytime, and in a personalized and efficient way.
While digital transformation has remained a key topic for nearly a decade. Instead of making an existing model digital, it calls for integration of digital technology into all aspects of business, fundamentally changing how businesses operate and deliver value to customers. Fortunately, or unfortunately this pandemic has led to that digital transformation of organizations as it no longer is a question of choice but a way of life to survive and sustain.
Like we said earlier that on-the-go data has become a crucial need for businesses these days. With competition only increasing, it has become one of the key capabilities, that a business owner looks for while choosing a business management software. Let’s look at some of the key advantages of opting for a software, which will help you stay connected, seamlessly:
When managing a business, you have to juggle with multiple things. Keeping a tab on everything, is obviously an impossible task, and you would want to get access to your data whenever a need arises. However, when such an enhancement is added to the current business management software, it often raises the question of “how secure the data is?”. With so much data exchange and synchronisation happening, business owners prefer to access only to a certain number of defined users. Thus, the service provider must ensure that the data lies only with the business owners and individuals with access. Eventually, such a connected experience will help entrepreneurs stay updated about their business’ growth without worrying about data security.
Several times, business owners face instances where they may have to travel frequently. A well connected software, will take care of your access-related needs and you need to not buy additional software or systems just to get hands on your business data. Instead on the go access via connected experience will keep you connected to your business no matter where you are, to derive at crucial business decisions. With anytime, anywhere secure access, respective stakeholders can take care of their need of the hour without wasting any time and money.
Access to real-time data helps improve current business processes. Several times, there is a lack in appropriate business decision being taken, which is primarily due to the misinformation or delayed information from one place to another. Since processes will be more automated with the use of connected technology, they will be much more streamlined and efficient, which in turn, will result in more cost-effective solutions. Thus, maximising productivity and efficiency is a high priority for businesses to ensure profitability.
Tax compliance is key for any business to be successful. With statutory laws evolving with every passing day, it has become extremely crucial for businesses to stay on top of their tax game. Thus, it calls for a software’s intervention in a business process, which is integrated with the relevant external portals that will be accessed to generate tax reports, filing returns, etc. For example: A software with connected banking experience will provide you an end-to-end solution to the banking needs for running your company. Capabilities like e-payments to make timely payments to your parties, manage cheques, reconcile bank statements, and others will give you a simplified banking experience by saving time, reducing errors, improving productivity, and scaling up traceability.
TallyPrime brings you the ability to view important business reports from a web browser, on any device, anywhere. Grow your business with the utmost secure access to business data even outside your business premises. You can access important business reports such as Bills Receivable & Payable, Stock Summary, Sales/Purchase Register, Profit & Loss A/C, Balance Sheet and many such reports securely from your web browser. Not just that, you can download an invoice and share with your customers on the go.
Not just that, but TallyPrime is integrated with external stakeholders, which are crucial in the business ecosystem such as; Tax portal (e-invoicing), e-banking, etc.
Even if you have businesses at multiple locations, you can seamlessly synchronise data across those locations. Thus, to sum with, with TallyPrime’s net capabilities, you can:
e-Invoice from 1st October 2022 for Businesses with Turnover Exceeding 10 Crore
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