Tally Solutions has introduced TallyPrime 6.0, designed to simplify financial operations for small and medium enterprises (SMEs) and make it seamless via the Connected Banking experience.
This advanced upgrade revolutionizes bank reconciliation, banking automation, and financial management for businesses and accountants.
Building on its expertise in delivering connected services such as e-invoicing, e-way bill generation, and GST compliance, Tally takes another significant step towards empowering SMEs with integrated banking capabilities. This new release reinforces Tally’s commitment to connecting businesses with their ecosystems and enabling them to operate with unparalleled simplicity.
Keeping with its vision of making the business network seamless, TallyPrime’s Connected Banking feature takes integration to the next level by bringing banks inside Tally. Unifying accounting and banking into a single system, with secure login and real-time connectivity through partnerships with Axis Bank and Kotak Mahindra Bank.
Users can access live bank balances and transaction updates directly within the platform, ensuring they always have the most updated information and insights about their working capital, empowering businesses to make smarter financial decisions.
With the ability to process payments, instantly reconcile transactions, and monitor bank balances within Tally businesses can stay agile, optimize resources, and maintain full control over their financial operations.
Tejas Goenka, Managing Director, Tally Solutions, said, “Our mission has always been to build technology that helps simplify business operations for SMEs. With TallyPrime 6.0, we’re addressing a critical need by integrating banking directly within the Tally platform empowering businesses to focus on growth and innovation without the distraction of operational complexities, enabling them to save 30-50 per cent of their time.
“This release comes with multiple other features like enhanced bank reconciliation, working capital optimization through financial institution linkages, further strengthening the existing capabilities of GST compliance with connected e-invoicing and e-way bill generation,” Goenka said.
TallyPrime’s smart bank reconciliation transforms how SMEs and accountants manage their books by seamlessly aligning financial records with banking transactions. Enabling faster reconciliation, timely account finalisation for audits, and real-time operational insights, all within a unified, intuitive platform. Additionally, integrating UPI payments and payment links simplifies collections, ensuring smoother cash flow.
Neeraj Gambhir, Group Executive and Head-Treasury, Markets and Wholesale Banking Products, Axis Bank, said, “Axis Bank has always been at the forefront of innovation by introducing pioneering solutions for its customers for a seamless banking experience. We are committed to empower our SME clients by integrating technology into financial solutions. The SME Business Banking landscape is evolving rapidly, and there is a need for a comprehensive solution for all their Banking and Beyond Banking requirements.
“With this ‘connected banking solution’, customers can integrate bank accounts inside TallyPrime and streamline their banking operations by improving efficiency and agility in financial decision-making. This initiative is a continuation of our ongoing efforts to significantly enhance the digital experience of our clients,” Gambhir said.
Tally continues to enhance business management with advanced technology, offering a seamless and holistic experience through TallyPrime 6.0. From connected GST and e-invoicing to WhatsApp-based alerts (WABA), cloud access, and integrated financing, Tally empowers businesses with simplified, efficient, and connected solutions for smoother operations.
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