Thursday, August 18, 2016

Tally Release 5.4 Comes With Enhanced Compliance & Performance Experience

Tally Solutions, the premier Indian software product company, announced the rollout of Release 5.4, the latest version of the Release 5 series from its Tally. ERP 9 suites, in the national Capital Territory of Delhi and five states – Bihar, Gujarat, Madhya Pradesh, Maharashtra, and Tamil Nadu. While this is the maiden launch of Series 5 in Bihar and Madhya Pradesh; Delhi, Gujarat, Maharashtra and Tamil Nadu stand to benefit from the enhanced performance experience the 5.4 version has to offer.

With the constitutional amendment for GST now passed, the entire country is gearing up for the biggest indirect tax regime. Through GST, the government intends to bring about greater transparency in business transactions and simplify compliance needs. Tally. ERP 9 Release 5.4 aims to help businesses ensure that their transactions are correct and complete through the powerful concept of triangulation and with it Tally Solutions will help prepare businesses across the country for the GST regime.

The Tally. ERP 9 Release 5 series is designed to empower businesses to be fully tax compliant, ensuring that tax returns reflect the books of accounts accurately. This helps businesses with simpler, easier and quicker compliance.

The VAT capabilities in Release 5 are being launched in an incremental manner across India. In line with its preceding versions, Release 5.4 is also aimed at supporting businesses with a comprehensive compliance solution for the geographies mentioned above, and provides the latest VAT capabilities.  In this regard, Release 5.4 includes all the features present in the releases before it. Additionally, users of Release 5 Series, also stand to benefit from the performance enhancement features incorporated in central taxation capabilities (Excise, Service Tax and TDS) that is applicable across the country.

Since its release in July 2015, Release 5 series has already been made available in 18 Indian states and union territories. With the introduction of the latest version 5.4 in Bihar and Madhya Pradesh, the product currently provides comprehensive compliance support to 20 States across the country.

Tally.ERP 9 Release 5 Fact Sheet

With Tally ERP.9 Release 5, Tally Solutions has taken a major leap in terms of innovation and reinforced its commitment to customers and partners to deliver greater value.  Some of the key highlights of the release include:

·         Tally. ERP 9 Release 5 supports users to remain compliant towards VAT, Service Tax , Excise , TDS and TCS, in the most simplest and efficient manner
·         Tally. ERP 9 Release 5’s on-demand synchronisation capabilities will help organizations to conveniently exchange business information independently and reliably, across multiple branch locations.
·         Release 5 comes with a seamless product upgrade facility, which allows users to easily upgrade to the current version from all previous versions.
·         Users will get personalised product updates relevant to their geography and usage. This greatly reduces the update size and thus enhances the update experience.
·         The new version will occupy significantly less memory space, thus optimizing system performance.

Tally.ERP 9 Release 5 also provides separate tools for partners to create layout customisation within minutes, thus saving time and enhancing the user experience. Partners can migrate their customisations developed on earlier releases of Tally.ERP 9 seamlessly in a short time, to the latest version, ensuring that the time and money invested in the past remains meaningful.

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