TL;DR:
- Entera Global introduces a game-changing update for Tally system accountants.
- The update streamlines bulk actions, allowing simultaneous handling of up to 100 documents.
- This innovation significantly reduces document processing time from weeks to just two days.
- Features like duplicate control and precise data recognition are now included.
- Co-founder Dima Makhlin emphasizes simplification and automation of accountant tasks.
- Chief Business Development Officer Nik Kruts highlights the complexity of Indian accounting documents and the comprehensive AI-driven solution.
Main AI News:
Entera Global, a trailblazing provider of AI-driven software solutions tailored for Tally system accountants, has introduced a game-changing software update. This innovative update aims to overhaul the management of intricate accounting documents, setting its sights on streamlining the process of bulk actions, a method employed by accountants to handle not just one but up to 100 documents simultaneously.
These cutting-edge advancements are intricately designed for India’s most prevalent accounting system, Tally. Ensuring precise recognition and seamless document uploads into Tally is of paramount importance. Current solutions available on the market restrict accountants to handling one document at a time. However, with Entera’s latest update, accountants can now effortlessly select and process up to 100 documents in a single sweep, presenting them with a consolidated file featuring meticulously refined data that adheres to the highest standards. This remarkable feat is made possible through the power of Machine Learning, leveraging previously entered data to enhance accuracy and efficiency.
The impact of this bulk processing capability cannot be overstated. Managing 100 documents collectively is a far swifter and more efficient approach compared to the laborious one-by-one manual method. Internal studies conducted by Entera Global have shown a staggering tenfold reduction in the time spent on document processing through bulk actions. For example, the average time required to process an Indian document is approximately 10 minutes. In a typical scenario, Indian accounting firms manage anywhere from 1000 to 1500 documents on a monthly basis. Without the aid of Entera, handling 500 documents would consume a staggering 5000 minutes, equivalent to two full working weeks. However, with the latest functionality introduced by Entera, this processing time is dramatically condensed to just two working days, liberating individuals to focus on more critical tasks within their organizations.
What’s more, the software now boasts additional features such as duplicate control and precise final data recognition, taking into account various factors, including discounts.
Dima Makhlin, Co-founder of Entera Global, emphasized the company’s primary objective in product development, stating, “Our core mission is to simplify the lives of accountants through the automation of bulk actions. With our latest features, documents can now seamlessly flow from the scanner to the Entera system with a single keystroke. This marks a stark departure from the time-consuming processes of the past. We take immense pride in pioneering bulk action automation at various stages, from data entry and upload to Entera, all the way to the final document output into Tally.“
Nik Kruts, Chief Business Development Officer at Entera Global, shed light on the unique challenges posed by Indian accounting documents, stating, “Indian accounting documents are known for their complexity, presenting significant recognition challenges. Entera Global stands as the sole provider offering an AI-driven solution that comprehensively recognizes data, factoring in various business variables such as discounts and tax types. With technologies like Machine Learning, we eliminate the need for middle-level managers to train newcomers on established practices. Entera itself suggests previously entered data and highlights areas requiring attention, thus revolutionizing the workflow.”
Conclusion:
Entera Global’s latest software update for TallyPrime 3.0 integration has ushered in a new era of efficiency and precision in accounting. With the power of automation and cutting-edge technology, accountants can now handle bulk actions with unparalleled ease, saving time and resources while ensuring the highest standards of accuracy in document management. Entera Global’s commitment to innovation and simplifying the lives of accountants has set a new benchmark in the industry, providing a transformative solution for the challenges faced by Indian accounting professionals.
