Tally targets 30-40% CAGR with launch of TallyPrime 5.0 boosting MSME efficiency

Tally Solutions has introduced TallyPrime 5.0, the latest version of its business management software, aimed at revolutionizing MSME operations through an API-driven compliance system. The new release offers a fully integrated Connected-GST solution, streamlining tax filing, e-invoicing, and e-way bill generation without visiting the GST portal.

TallyPrime 5.0 also enhances global reach with advanced multilingual capabilities, including Arabic and Bangla interfaces, catering to growing demand in the Middle East and Bangladesh. The new features include direct connectivity to the GST portal for faster filing, GSTR-1 and GSTR-3B reconciliation, and input tax credit risk identification, improving efficiency for businesses.

Tally plans to grow its user base by 50% over the next three years while targeting a 30-40% compound annual growth rate (CAGR). “Our goal is to simplify GST filing for MSMEs, helping them save 60-70% of their time,” said Tejas Goenka, Managing Director of Tally Solutions.IN Guwahati, MSMEs in Assam can leverage TallyPrime 5.0’s simplified compliance solutions, enhancing productivity and fostering growth, positioning local businesses to compete on a national level.

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