Tally was introduced in 1986 as an MS-DOS application and had only basic accounting functions. But with time and technological advancements, it has emerged as top-rated accounting software since then. It is also loaded with additional functionalities that help businesses manage their overall processes.
One such feature or functionality that makes the Tally Software a “must-have” for all-size businesses is Tally Integration.
If you have not heard about Tally Integration, this article is just for you. Here we will discuss what Tally integration is and why it is required.
So, let’s begin!
What Is Tally Integration?
The Tally Prime Software is further designed to offer comprehensive integration capabilities that give the power to all-size businesses to build cross-platform solutions without neglecting data reliability and integrity. Thus, the integration feature ensures seamless interaction between several applications and software systems.
The feature also enables two-way data transfer, involving data extraction from the Tally database and pushing data into Tally smoothly and efficiently. It allows integration between databases or applications in two modes:
Online Mode
- Tally to Tally
- Tally to External Application and Vice Versa
- Tally to Web Services
Offline Mode
- Export and Import of multiple formats of Data
Benefits Of Tally Integration
Complete automation of business processes
Tally Integration enables effective automation of business processes. Without it, organizations have to bound with the manual and tedious way of transferring data between different systems. But, the advanced integration capability has simplified the task, thus saving time, eliminating manual errors, and reducing the chances of data input duplication.
Improved visibility
The feature gives organizations a comprehensive view of the required data on a simplified dashboard. It improves visibility and power decision-making capabilities. The informed decisions lead to optimum outcomes and higher ROI. The same also ensures fast business growth.
Financial management
With Tally, businesses can easily manage the accounting operations and customize reports as required. The feature facilitates auto-generation and scheduling of all reports. The software helps employees perform financial analysis and other tasks of the organization. With Tally Integration, you can keep track of a company’s finances hassle-freely.
Centralized reporting
The manual generation of reports through scrutinizing data is a time-consuming and tiresome process. It also takes a toll on employees performing the task. With real-time Tally Integration, collecting data from different systems becomes an easy task and promotes centralized reporting that boosts productivity. All these lead to better performance by all departments, resulting in commendable business growth.
Complete inventory management
Most organizations use Tally integration for effortless inventory management and stock keeping. With the added Tally capabilities, organizations get the power to manage all stocks, invoices, and categories. Additionally, they get access to instant reports on stock inventory and turnovers. It also helps them create stock categories and sub-categories. This helps them to add all stock items (old & new) under a specific category or warehouse. The same further leads to better inventory management with no stock wastage.
Cost optimization for resources
Tally helps organizations to optimize cost over human resources. It saves time and performs every function perfectly, leading to cost saving in the administration processes.
Minimizes Sales Cycle and Collection Time
The Tally Integration responds in real-time, resulting in a timely closure cycle of sales. It also delivers the required information to every employee for better productivity. It also helps raise invoices on time and set up an alert if payment from a client is delayed. It ensures transparency across departments.
How To Integrate Tally?
Tally offers three APIs that organizations can use for the integration, and the same are as follows:
- Extensible Markup Language (XML)
- Open Database Connectivity (ODBC)
- Dynamic Link Library (DLL)
These APIs ensure flawless integration between applications and databases in both online and offline modes. Still, organizations must understand which one will best fit their processes and why. Here, we are explaining all three to help organizations understand Tally Integration better.
XML Approach
It is best to use when there is a requirement to exchange information with external systems. It is widely used, and most organizations suggest this method of integration.
Benefits:
- Supports read & write capabilities
- Provide support for web services
- Specifies the set of rules for encoding documents in a format readable by both humans and software.
- Stresses clarity and usability across systems
- Enables communication with any environment that can send and receive XML requests and responses over HTTP
ODBC Approach
It is best to use when there is a need to access data from any application, regardless of the database management system.
Benefits:
- Supports read functionality
- Bridge the gap between applications and DBMS
- Offers an interface that communicates with the Tally database and allows external applications to retrieve data from Tally
TDL Approach
The right time to use TDL is when your business requirements are intricate and require code-level changes, like changing default behavior, document printouts, user interface changes, business logic, reports, additional data elements & functionalities, etc. The integration requires skilled resources because it is not easy to learn the language as it has unique syntax.
Benefits:
- Supports read and write functionality
- Allows data export, formatting, and creating an XML structure, and push it to Tally
- Query any report to fetch data in XML and draw information to other applications
Summing Up
Tally Integration ERP ensures smooth working in an organization. It ensures that day-to-day tasks are carried out in harmony and without wasting any of the organizational resources. It helps eliminate the manual methods and their limitations and allows organizations to maintain a high level of coordination.
Several companies doing business at a large scale are integrating their CRM systems with Tally to get the overall visibility of their customers, partners, vendors, and other stakeholders.
Tally Prime Software’s extended capabilities are worth giving a shot to every business that wants to streamline its processes and get the maximum returns on investment.
We hope that the article has provided you with enough information about what Tally Integration is and why it is required. If you have any questions or doubts, feel free to mention them in the comments section below.
