Tally Solutions, a leading international accounting and compliance software provider, hosted another edition of its SMB Pulse in Dubai this month as part of its ongoing bid to help small and medium businesses (SMBs) understand their challenges and focus on critical factors that can improve their efficiency. With the International MSME day on June 27, this one was even more special as it also acknowledged the growth and success of these unsung day to day heroes.
Tally’s SMB Pulse, a business-focused event series, highlighted the role of automated accounting solutions in attaining efficient business operations, enhanced customer experience, and high productivity within small and medium companies. It comes at a time when more and more enterprises worldwide are using integrated accounting software to achieve streamlined financial data management and processes.
A report by Market Research Future predicts that the global accounting software market will experience a compound annual growth rate (CAGR) of 8.92 percent by 2024. The same report reveals that the industry’s value will exceed USD 26,600 million during the forecast period.
Vikas Panchal, Business Head of Tally Solutions in the Middle East, said: “We at Tally have always kept the interest of SMBs at the center, and assisting in the growth of their business has always been our priority. Automated solutions are a cost-effective way to streamline processes, improve compliance, and boost business performance.
They are critical in today’s digital era in which technologies are fast disrupting the current business set-up all over the world. SMBs need to keep up with the changes to maintain their competitiveness and establish their credibility and one way to do this is to incorporate modern solutions into their processes, most especially in the financial aspect of their respective businesses.”
“Part of the reason we regularly hold our SMB Pulse is to assist SMBs in the UAE in their bid to shift to best tech solutions. Our team of experts who lead the event provides insights and analysis on why migrating to automated from manual solutions is the way to go. In the long run, doing so is going to be more cost-efficient and a worthwhile investment for their companies,” added Panchal.
SMB Pulse was led by CA Chirag Agarwal, Co-founder at Earningo, an accounting and tax consultancy. Chirag who is also a registered VAT Maestro with Tally focused on fundamental business aspects and featured engaging discussions as well as ideas and expertise sharing.
The key topics included ‘Take control of your business – Cash & Outstanding Management;’ ‘Master you Stock & Inventory Management;’ ‘Profit & Cost Centre Management – Cost Control & Cost Analysis;’ ‘Business Reports – Reflection of your Business Health;’ and ‘Managing Compliance – Prevention, Detection & Correction Method.’
The event saw an active participation from many SMB owners engaging in a healthy discussion around business practices and how to enhance the efficiency. Over the past year, Tally has been helping more than 50,000 businesses comply with VAT regulations in the UAE and Saudi Arabia. Tally is accredited by FTA in UAE and GAZT in Saudi Arabia through a vigilant verification of requirements that ensures its services and products businesses of all sizes comply with VAT.
The company is an accounting solutions provider that helps clients achieve tax compliance and manage records in a timely and effective manner. Trusted by nearly 2 million businesses globally, Tally Solutions includes a list of satisfied clients across GCC.
