When it comes to accounting software, Tally Solutions is a household name. The company has adopted seamlessly with the technological changes around it, and continues to remain a market leader in India’s accounting software space. In this interview with the Smart CEO, its MD, Tejas Goenka, takes us through his plans for the company in the next 3 years
The first word that comes to mind when we think of Tally Solutions is – accounting. The company was founded in the 1980s with the goal of providing accounting software to SMBs that relied on traditional bookkeeping. Today, it has become a household name. 2 million SMEs use its software products and services across India, UAE, Bangladesh, Indonesia and the U.S. And it has a robust network of 25,000 partners training its clients to use its software. In 2020, the company also indicated its plans to invest in cloud technology, to introduce a remote access model for its clients to access their data in a secure environment.
As the company takes its next steps in digital transformation, we catch up with Tally Solutions’ managing director, Tejas Goenka to get his thoughts on emerging technologies the company is looking to capitalize on, and its future growth plans in India and abroad.
What are your top 3 priorities today?
We want to ensure that our next generation (remote access) platform is delivered to market soon. We want to ensure that we are able to attract and retain our best people. Lastly, we want to ensure that our customers are happy about using the products and services today.
Which are your primary markets for growth?
India is our biggest market followed by UAE. Our presence is also increasing substantially in Bangladesh, Indonesia and the U.S. Our goal is to strengthen our leadership position both in India and the UAE while working closely with our partners, existing customer base and influencers on the other markets with a strong go-to-market plan based on local insights.
What are emerging technologies that Tally Solutions is capitalizing on?
Our focus as an organization has been to create technologies based on the fundamental trends more than anything else. So, currently we have a lot of research going on in storage systems, security, communication protocols and the like. We feel that building expertise in these areas will help us build consumable applications with very unique capabilities. Web 3.0 is another segment we are exploring right now.
How are you keeping your employees up to speed on emerging technologies that you’re investing in?
One of our core values is in recognizing that our strength is our people. We take people development very seriously. We have a learning and development team that works with individual functions across the organization. The team focuses on team and individual skill development in foundational, functional and behavioral skills.
Where do you see Tally Solutions 3 years from now?
We hope to release our remote technology platform soon and invest rapidly in serving our existing customers in new ways. We also want to open up new segments in our core markets, and parallelly expand into newer geographies.IDA Ireland ITeS100 ITeS 100 Tally Solutions Tejas Goenka