With requisite support from the government and with the aid of new-age technologies, India is witnessing an extensive rise in small and mid-sized firms. Amidst the changing business dynamics, it is essential for businesses to stay abreast with the latest technological toolkits to streamline their business operations. One such software that is aiding emerging SMBs is ‘Accounting Software.’
For SMBs, accounting software is a priceless tool that facilitates the recording, reporting, and analysis of financial transactions. Access to financial data is now possible from any internet-connected device thanks to technologies like the cloud, AI, and blockchain. Accounting software can decrease costly bookkeeping errors and other operational blunders while assisting businesses in making optimum use of the resources in their accounting departments. An organization normally keeps track of its finances to succeed. There are several platforms for accounting software, but not all of them might provide the same features for the same cost. Finding accounting software that meets your demands is crucial if you want to carry out company-friendly operations like accepting payments and issuing invoices.
Here are some accounting software that are changing the game for SMBs in India-
Tally
Tally is a technology & innovation company that believes in delivering business software for Small and Medium Businesses (SMBs). Three decades since it was founded, Tally’s product caters to millions of users across industries in over 100 countries. Their robust network of 28000+ partners delivers unmatched customer experience in sales, support, and services. With a strong research and development division, Tally strives to deliver innovation and excellence in enterprise resource planning software for small and medium businesses.
Nubooks
Driven by new-age technologies, Nubooks is a go-to accounting platform that provides accounting tools to small businesses, freelancers, and accountants to handle accounts and improve their financial performance. The platform is backed by Artificial Intelligence that is suited for all accounting needs from reading invoices to making bookkeeping and management of finances easy.
Nubooks adapts to the needs of the users as its Al solution digitizes the information in record time and converts it to spreadsheets and quick editing. The platform has a spectacular server capacity that can organize all information of the clients. Besides, its storage system is safe and secure in handling the data of companies. With the highest levels of security and capacity, users can easily organize a large number of client information.
MyBillBook
myBillBook has been designed to aid SMB business owners to run their operations from anywhere & anytime. It provides a secure platform for business owners to record transactions & track business performance on the go. Also, the app generates 25+ critical business reports that help owners make effective business decisions. myBillBook is currently available in English, Hindi, Gujarati & Tamil and enjoys the trust and confidence of more than 1M monthly active users who generate monthly trade worth Rs 11,000 Cr on the platform.
BUSY
BUSY is a leading, on-premise ERP & accounting software company, enabling millions of businesses in over 20 countries to manage their business operations and GST/VAT compliances efficiently. It is a 100% subsidiary of IndiaMART – a $2bn valued, publicly listed company. Since its inception in 1997, the company’s mission is to facilitate the growth of SMEs by providing software, and solutions, which are Easy-to-use, Powerful, and Scalable. BUSY is designed to manage businesses across geographies, industry verticals, and customer segments like FMCG, Retail, Manufacturing, Trading, Distribution, and Service. It aims at a $100bn+ market opportunity with a clear focus on helping companies with an integrated application that works on-premise as-well-as cloud/mobile and is suitable for B2B and B2C operations.