Tally Prime on Cloud - The Modified Version
Operating a business in any of the sectors/industry is not an easy task, it demands intense hard work with smart work. Businesses operate themselves smoothly with the cooperation of their employees through team working, businesses accomplish their tasks on time with the support of their team. Irrespective of a small or large business, every business has some very basic functions that have to be necessarily done for their overall operations and success of the organization. These functions may include Finance, it is for the purpose of maintaining the financial stability, and managing financial resources this includes activities like accounting, financial budgeting, etc.
Other functions are Marketing, which helps to attract and retain the customers. Moving forward with the Sales, this is used to convert the leads into the paying customers. Human resource for the purpose of fostering a positive work environment, recruiting, managing employee relations and benefits the administration. Whereas the Research and Development team of the organization is responsible for improving and innovating the products and services.
In this article we will try to cover the topic on Tally Prime on Cloud, before directly jumping onto the main topic, we shall discover some basic points that are interconnected with the Tally Prime on Cloud.
So, here we are giving you a sequence of events. To begin with we are starting with what Tally is, then move further with what Tally is on cloud and how it works, then we reach to our last point of what is Tally Prime on Cloud.
Tally
Tally is developed by an Indian company named Tally Solutions, it is a popular Accounting software that is extensively used by the businesses for financial accounting and business management. This software is designed with the prime focus of simplifying the accounting tasks, such as recording financial transactions, managing inventory, generating invoices and producing financial statements. Businesses of different sizes and structures use this software to maintain their book of accounts, the main reason for its popularity is its user-friendly interface.
This software has evolved over the years and has many versions available in the market. Tally.ERP 9, is a comprehensive business management solution which is used in India and many other countries for its simplicity and effectiveness in handling the accounting tasks.
Tally on Cloud and how does it works
The Cloud based version of Tally is referred to as Tally on Cloud. This allows users to access tally software and its data from anywhere with an internet connection. Instead of running and operating the tally software on local servers, the software is hosted on a cloud server. They have robust security measures to protect data, they often provide encryptions, regular backups and access control. Instead of manual updates this software provides automatic updates so that the users have the access over all the latest features and security patches.
Now, let’s see how the Tally on Cloud works. It includes some steps and that are,
Select a Tally Cloud Service provider (provider host services for Tally)
Signup and Subscribe (Selection of the services from theTally Service Provider)
Migration and Installation (migrating the tally data to cloud)
Access Credentials (authentication methods to login your tally account on cloud)
Uses and Collaborations (collaborating with the team members so that they can also have the access)
Security Concerns (security features that will protect your tally data)
Tally Prime on Cloud
The upgraded and modern version of Tally.ERP 9 is called Tally Prime on cloud, it has enhanced features and a revamped user interface. The updated features of this software enables users for a smooth and effective functioning.
Tally Prime comes with a more contemporary user friendly interface, which makes it more intuitive for the users to use. Whereas the Navigation and menu option on Tally Prime on Cloud have been streamlined to improve the overall user experience. On Tally Prime, users can also do multiple tasks simultaneously such as viewing reports while entering the data. Advanced Reporting and Analytical features provide users with better insights into their business finances.
The robust security in Tally Prime enables the security of financial data and declines unauthorized access to that data. Tally Prime is also compatible with the older version of Tally software i.e. Tally.ERP 9 and make it easier for the users to migrate their data easily from the older version to the new version of tally software, however if we talk about the older version of Tally software, named Tally.ERP 9 which will not support the newer version that is Tally Prime.
Tally Prime has some additional features and functionalities as compared to the Tally ERP 9.
Tally Solutions, the company behind the Tally Prime offers various licensing options to cater the needs of different businesses. The licensing models include user-Based Licenses and Concurrent Based Licenses. The common user editions involves - Single User, Multiple User (Silver), and Multiple User (Gold).
We are ending this blog here, with the hope that this helps you to understand the whole concept of Tally Prime on Cloud.
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