Even amidst savvy tech startups, the humble accounting software Tally enjoys a head start like no other
For Tally, this is the second time it’s seeing the nation move from one tax regime to another
Its one million customer base is its moat, and it has already upgraded about half of it to GST
It also has a captive user base, which uses the pirated version and can be converted to paid subscribers
But the lack of a cloud product and a dated user interface could make it vulnerable to competition from Zoho, SAP and ClearTax
The migration to Goods and Services Tax (GST) is a high blood pressure-inducing move for businesses and accountants. Running short of breath, they depend on software providers to take care of their accounting, invoicing and filing needs. And they are just as stressed.
For Bharat Goenka, the 56-year-old managing director of Tally Solutions, the day starts at 6:00 am and doesn’t end before midnight. “We are sprinting in a marathon. It’s not something anyone can keep up with for long,” he says. But seeing a nation migrate to a new taxation…
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