Exclusive Interview with Mr Vikas Panchal, General Manager – Middle East at Tally Solutions for the company’s participation in LEAP in Saudi Arabia

Tally Solutions Pvt Ltd., a pioneering company in the business management software industry since 1986 has a decade-long presence in the GCC in general and Saudi Arabia and the UAE in particular. The company has aided over 67,000 businesses in the country with their accounting, inventory, and compliance needs.

Since its inception, Tally’s simple yet potent products have been transforming the landscape of business operations. Consistently delivering groundbreaking technology for over three decades, Tally epitomizes unparalleled innovation and leadership. With the trust of over 2 million businesses worldwide, it serves more than 7 million users across industries in over 100 countries.

In alignment with its commitment to fostering digital literacy and supporting the growth of small and medium enterprises (SMEs) in KSA and the region, Tally Solutions has also initiated educational programs and workshops aimed at empowering entrepreneurs with the knowledge and skills necessary to leverage technology for business success. By conducting training sessions and providing educational resources, Tally Solutions strives to equip businesses with the tools they need to thrive in an increasingly digital world. Through these initiatives, Tally Solutions aims to not only provide innovative software solutions but also to cultivate a supportive ecosystem conducive to the sustainable growth of businesses in emerging markets.

We had an exclusive interview with Mr Vikas Panchal, General Manager – Middle East at Tally Solutions as we have met him in LEAP in Saudi Arabia. He answered a few of our questions on the company’s presence in the Saudi market.

Question 1: What is the significance of Tally Solutions’ participation in LEAP in the Kingdom of Saudi Arabia?

Vikas Panchal: “This is the third year we have participated in LEAP, and we are immensely proud to contribute to this government-developed ecosystem. Saudi Arabia holds significant importance as a market for us, particularly in light of Vision 2030. We aspire to contribute to the economic growth of the Kingdom by supporting small and medium businesses on their entrepreneurial journey. Tally’s unique multilingual software, encompassing both English and Arabic, empowers businesses with comprehensive solutions, including accounting, inventory management, compliance, VAT, and e-invoicing. Events like LEAP are instrumental in our endeavor to be present and engaged in the Saudi market.”

Question 2: What are the key features of TallyPrime 4.0 and how does it aim to assist businesses?

Vikas Panchal: “Our latest release, TallyPrime 4.0, represents a complete business management software solution. It consolidates various aspects of business operations, including accounts, inventory, compliance, and payroll, into a single platform. Notably, TallyPrime 4.0 introduces enhanced dashboards, providing business owners with comprehensive insights into their operations, facilitating informed decision-making.”

Question 3: How does TallyPrime 4.0 integrate with WhatsApp for Business, and what benefits does this integration offer to businesses?

Vikas Panchal: “With the integration of WhatsApp for Business in TallyPrime 4.0, users can seamlessly communicate with their suppliers and customers directly from the software. This integration enables the transmission of invoices, outstanding reports, and other relevant information, streamlining communication processes. Additionally, TallyPrime 4.0 offers features such as direct Excel import, simplifying data management tasks for business owners.”

Question 4: How does Tally Solutions plan to support entrepreneurs attending LEAP with e-Invoicing sessions?

Vikas Panchal: “Tally Solutions has been at the forefront of supporting SMEs with e-invoicing initiatives. Our software seamlessly integrates with the ZATCA portal for e-invoicing, eliminating the need for manual intervention. By leveraging Tally’s integrated e-invoicing capabilities, SMEs can generate compliant invoices effortlessly, thereby alleviating concerns related to regulatory compliance.”

Question 5: What is Tally Solutions’ strategic approach to expanding into emerging markets, and what regions are specifically mentioned?

Vikas Panchal: “Our strategic approach to expansion involves forging alliances with key stakeholders such as telecom providers and banks to enhance the utility of our software. By integrating Tally Solutions with existing solutions, we aim to streamline business processes and facilitate greater efficiency. In terms of specific regions, we are eyeing expansion opportunities in countries like Egypt and Jordan, in addition to our focus on the Saudi market.”

Vikas concluded: “Tally Solutions remains dedicated to continuous innovation and product development, with a steadfast commitment to addressing the evolving needs of businesses worldwide. By staying attuned to market trends and leveraging cutting-edge technologies, we endeavor to introduce enhancements and new features that empower businesses to stay competitive and adapt to changing market dynamics.”

Through ongoing research and development efforts, Tally Solutions aims to maintain its position as a market leader in business management software in the Saudi Arabia market, thus driving value for its customers and contributing to the advancement of the KSA business ecosystem.