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Total Number of Subscribers: 464 | |||
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Date:31st May 2009 |
Compiled by Mr. M. Sathya Kumar | |||
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Bharat Goenka - A man with a vision I was curious to know why Mr.Bharat Goenka, the man behind one of the most successful IT Products in India - Tally - was so enthusiastic about Tally ERP 9, the latest offering from Tally the defacto accounting software in India.
Mr.
Bharat Goenka explains with a brief history of how they started, "When we
started (in the early 1980s) everyone in the software industry was in
products, but soon they shifted to services, we were the only ones
stubborn in staying in products. We had a belief in "It
is this sense of patriotism, that 30 years back, we said that we would
develop products for the Indian market and we as a company will make
Mr.Goenka believes "The single most important factor which makes a business grow is Do the owners or the seniors in the business have the time to make the business grow? Senior management is so lost in operations that they do not have the time to make the business grow. Our approach in Tally is to make it possible for freeing up time for the Senior manage-ment, and make it possible for them to access information easily and from anywhere so that time is saved." This
is the reason Mr.Goenka says he is so "Kicked about" the remote technology
that Tally ERP 9 now has. He himself has been using it for
accessing Tally's own accounts and he says, "I have sent more
queries to my finance team in the last 3 weeks than I have in the last 3
years."
"It is not that I did not have access to data earlier, but then when I am in office I have so many things to do. With Tally ERP 9, I can access data in the quietness of my own time." He elaborates that it is the time when between meetings, when traveling, or when he has a few minutes at home, that he can now use to access data that he might suddenly remember or wants to act on. This adds to tremendous productivity improvement. His instructions to his team are not so much as asking them to send him reports as much as actions that need to be taken based on information which is now readily available to him because of this new product. So the quality of work also sees a big improvement. Mr.Goenka
says that Tally ERP 9 is designed for ordinary people to manage a
business from wherever they are and for this "a deep technological
solution" had to be built. What does that mean I ask him. He gives me an
analogy of a cell phone. Now a cell phone can be used by anyone, but the
technology used is quite complex. The same cannot be said about Software
Products. Though you buy software to solve a problem, they come with
problems that need to be solved. Security is one of the most crucial
problems that comes with software products.
For
remotely accessing data, typically one needs to put data on a server, with
firewalls etc. Now not many businesses have the people in place to manage
a firewall etc. So what Tally did was create its own architecture for
sharing information remotely, without the need for configuring a server,
firewall etc. In essence what it does is, any computer including a laptop
can contain the financial data. Now this system gets connected to
TallyNet, just like a browser would through the internet. Now anyone else
in the company who wants to access the data, can login through his own
system to TallyNet and access the data. The data itself is not available
on TallyNet, TallyNet just facilitates the two systems to talk to each
other. Who has access to the data, is specified by the user himself. In
this way any laptop or computer can become the place where data is stored,
and any laptop or computer can be used to access the data, as long as the
access is allowed.
As Mr.Goenka explains, "Since the server never becomes an internet server and does not open access to an external entity, safety is fully taken care of." The other interesting thing is that for accessing the data one can download a free copy of Tally, and use any system to access data, it is only for "publishing data" that one needs a license. The development of TallyNet Technology did take time, and it was developed from ground up, echoing a core belief of Tally of creating the right technology themselves. The existing technology did not satisfy the criteria of making it easy for the ordinary person since setting up a server in the office is not an ordinary person's job. "So
why not a SAAS model (Software as a Service)?" I asked. "Most businesses
in By
being able to access data remotely, the "speed of transaction" increases.
For instance imagine that the Salesperson in the company is in the
customer's office, discussing out- standings from the customer. The
customer requests for a debit note. Now instead of the Salesperson going
back to the company, and raising this, he can generate this right at the
customer's location itself, using the system at the customer's
location.
Today
the Tax laws are quite complex. By being able to remotely access data,
affordable service can be provided by Chartered Accountants since he can
do the work from his office itself, saving a lot of time in commuting,
collating data etc. This adds another dimension for saving some
worries to the businessman since he does not have to worry if he has
complied with all the taxation requiements etc.
Does the product justify the title ERP? "The product does integrate more than one business function, it has tools for inventory management with cost centres etc. these were there earlier as well, but the reason it was not called an ERP was because it did not fall into a criteria that Mr.Goenka's father had set, "If we cannot manage our business from anywhere do not call it an ERP." With
this release the plan is to address 8 Million customers in
Going
forward, Tally ERP 9 will also integrate with payment engines, to make it
possible for customers to pay, and for businesses to track payments
better. It will also make it possible to find suppliers and
buyers.
Mr.Goenka's
message to entrepreneurs, "Have a deep belief in the market you are
addressing, it is this belief that will bring the results. Have a belief
in Article by Balaji Pasumarthy, the Chief Catalyst of Businessgyan, His areas of interest are business strategy and innovation. | |||
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