Tally to expand partner base

Product company Tally Solutions Pvt Ltd is planning to expand its partner base to 12,000 by the end of calendar 2009, Tally Solutions co-founder and managing director Bharat Goenka said. 

The Bangalore-based product company has about 7,000 partners in 230 cities across India, providing support on installation, implementation, customisation and training in Tally accounting software packages. “Of the eight million or so small and medium enterprises (SMEs) in India, about 3.5 million use computers. They present a huge growth opportunity over the next three years,” Goenka said. 

Tally has launched the software’s latest version Tally.ERP 9. The company focused on stretching the limits of the software beyond the traditional functions of financial accounting, inventory management, sales and purchase orders, invoicing, reporting and MIS. 

“The market for enterprise-wide collaboration and centralised account management presents a new direction for our product roadmap to follow. From providing remote access to data, which can help keep tabs on dues, inventories and receivables, we will evolve the Tally product line to a highly-scaleable offering with multiple applications in the retail sector — from traditional accounting to automation of the retail collection system, configured workflow management, remote SMS and Web browser access capability and enabling credit card payments via an integrated payments engine,” Goenka said. 

Attributing the cardinal ‘9’ factor in the Tally software series (earlier version numbers totalling up to nine were 8.1, 7.2, 6.3, 5.4 and 4.5) to sheer coincidence, Goenka said, “I am no believer in numerology. Future versions of the software will be tagged as Series A, Series B, Series C and so on. Greater functionality, continuous accessibility and unlimited scalability will be our key drivers.” 

Revenues by the end of March are expected to cross Rs 150 crore. Goenka said intensive mining of the SME and large and medium enterprise segments could push the topline beyond Rs 5,000 crore by March 2012.