Tally Solutions announced it plans to assist businesses across segments for a seamless transition to automation. To reach out to maximum MSMEs, Tally is hosting has taken an approach of various segment specific engagements to be done periodically in the region. These engagements will be focused on segment relevant information, addressing their challenges and discussion around solutions.
With over 2000 enterprises working under auto parts industry in Pune and nearby cities, 30% of these are small and medium businesses which includes both two-wheeler and four-wheelers dealers. However, the automation adoption is less than 50%. In fact, electrical equipment segment, which is the second prominent segment in Pune, also has a low-tech adoption, while the community has over 1000 businesses working in this segment. Due to low digitization, these segments face a lot of challenges around inventory management, cash flow, credit management, data management and above all compliance.
The company has therefore associated with respective associations to reach out to the business owners. Through these events, Tally will highlight the efforts of SMEs in keeping pace with day to day accounting, inventory and compliance needs and how technology will bring in more efficiency, cost savings, better customer experience, data security and more on real time basis. In addition, the various reports on cash, stock and tax management available in Tally, also assist in taking critical business decisions confidently.
Speaking about the various efforts by Mr. Samir Dixit, General Manager West Zone, Tally Solutions said “Pune is one of the key industrial cities in the state with significant growth opportunities available especially in the auto parts and electrical segment. While these segments have shown significant growth over the years, coupled with right resources and the use of technology the potential is immense. We at Tally, work towards providing product and technology which is latest, relevant, futuristic, simple and hassle free to use.”
“Our efforts are concentrated around highlighting the importance and various benefits automation can bring to various sectors. Hence, to enable a stronger outreach, we have collaborated with the local associations to emphasize on the subject. We also work with Chartered Accountants who directly engage with these businesses and can help impart the importance of digitization to these businesses,” he further added.
The brand has a strong presence across the state and especially in Pune through its widespread partner ecosystem. These partners and resources are product and domain experts to address every query related to the segment. With over 100 partners present in Pune and nearby districts Tally ensures customer delight, the company’s topmost priority. In addition, the brand also conducts cluster events, industry and trade association events, one to one customer engagements etc for continuous engagement.
Processes like cash flow management, managing stock, compliance and accounting can easily be managed with the help of automation. Along with enhancing the business efficiency through better relationships with suppliers and customers, better management of money and better utilization of stock, automation also provides ample time for business owners to concentrate on increasing the productivity and expanding the business. While traditionally these processes were done manually, it was cumbersome, inefficient and error-prone. To succeed in a highly competitive world, reliable systems are the need of the hour and automation is the solution.
COVID-19 Accelerates Digital Payment Adoption
Many service providers, including banks have significantly reduced offline operations and are asking customers to embrace the digital form for any assistance. Let’s have a look at IT veteran’s take on how E-payments are playing an important role in fighting against COVID-19 which is also promoting the Digital India Mission.
Ashis Guha, CEO, RAH Infotech
“Even while the general money stream has considerably narrowed during the last few COVID months, it is also observed that COVID has played as a catalyst in the growth of digital payment platforms in India, with more number of people adopting e-transaction modes. Forcing people to either stay at home or maintain social distancing has led people to a behavioral change, compelling to be habituated with online payment platforms. In fact, companies have witnessed addition of a high number of new users of digital payment gateways during this time.
The RBI, National Payment Corporation of India (NPCI), along with government bodies, banks, financial institutions, regulatory authorities, are already teaming up to promote the faster adoption of digital payment methods. The emphasis is on using NEFT, IMPS and UPI. Though different economies are at different stages across the world, the COVID-19 has definitely cleared the road for digital payment methods in India. And it helps levitating the Digital India initiatives.
Certainly, the cyber security of these platforms becomes crucial at this time. As cash flow is halted for many during this time, cyber criminals are using emerging techniques like EMI Moratorium scams, etc. as bait. Attackers are stealing personal data and banking details, among others, and are committing fraud. In India, RBI already has put in place the ‘central payment fraud registry’ (CPFR), to ensure quick and systemic responses in cases of financial frauds.
Digital platforms are in general highly secure; however it is also important how well aware the users are to potential threats reaching out. On the forefront of fighting off digital fraud, the users have to employ caution and security measures. Few basic measures like not using insecure data networks and not opening links to lucrative websites must be strictly enforced. Also, payments must be made only to trusted sources, and payment gateways on phones and other devices must be strongly protected with passwords, finger prints, or facial recognition too.”
Prashanth G J, CEO at TechnoBind
“Technology has made it all possible”. The pandemic gave us a chance to re-evaluate and push businesses everywhere into an accelerated state of digitalization. COVID-19 has increased the adoption of digital payment solutions significantly. E-payments options are making it possible for people to sit at home and order essentials online be it from Flipkart or Amazon or any of the online ecommerce platforms. The use of digital payments was anyway growing but we have now seen this grown even more exponentially thanks to this COVID-19 situation.
The threat of cyber-crime is a real one – and there are technological solutions like encryption and tokenization which helps overcome this cyber-crime threat. There are government regulations in place but the implementation and the imposition of the guidelines of the same should be taken up seriously – currently, there is a gap!
Sunayana Hazarika, Marketing Manager at ATEN
Digitalization is emerging as a potent medium for all business transactions during this Covid-19 crisis and this is here to stay. The Digital India movement is a giant technological leap which is lubricating the wheels of India’s economy during this crisis situation. Though we as a country are still at a nascent stage in adopting this countrywide digital transformation, it is in the best interest to establish robust cybersecurity measures. Ransomware, distributed denial of service, and stealing of classified information are rampant globally and hacking is getting more sophisticated, so it’s imperative to be well equipped to deal with cyber-attacks and close all backdoors. The solution to this is simple, to be proactive instead of reactive. ATEN being a pioneer in Secure KVM solution with built-in hardware and software-based security features are helping government, military, intelligence agencies across the world to allow protected access and management of data.
Shibu Paul, Vice President – International Sales at Array Networks
“Coronavirus has broken the supply chain while rupturing the demand and market trends. As we’re forced to work remotely and use technologies for the first time, we’re realizing the benefits they deliver. Organizations are getting deeper into digital transformation. There is a paradigm-shifting to remote banking, digital payments, and direct financial aid which is further pushing the financial industry to become digital. This transformation will inevitably promote India’s Digital Mission. Policymakers need to support the ways people and organizations are using the internet to come together and deal with new pressures as our lives shift abruptly online. The focal point will be to ensure that critical functions like IT, cybersecurity, fraud prevention, and digital services are well protected.”
Gurpreet Singh, Managing Director at Arrow PC Network Pvt Ltd
“The COVID-19 pandemic has allowed us to modernize and harness the power of technology. Stakeholders are using technology to cushion the impact of COVID-19. We see major digital transformation coming up as India gears to establish a sense of normalcy. This shift is bound to drive India’s digital mission. Remote working and e-services have become the new norm. Banking and Personal finance institutions are trying to limit customer walk-ins by augmenting their digital capabilities and extending new online services. We see exacerbated use of hybrid cloud and hyper-converged platforms as people have realized the importance of cloud-based communication-enabled business processing. This has also led to the strengthening of cybersecurity systems to safeguard sensitive data and protect assets from malicious data breaches. Going forward, the industry would need systems that enable remote monitoring of processes and machines. Remote work will play a significant role in business continuity planning and this digital transformation will further aid in fulfilling India’s Digital Mission.”
Ed-tech Startup Bright Tutee Announced Free Live Online Classes for Students Amid COVID-19
With schools observing indefinite closure to detain the further spreading of COVID – 19, online learning has gained a new prominence among the students. All thanks to technology-led education start-ups like Bright Tutee, students can comfortably learn from the safety of their homes.
Bright Tutee, a New Delhi-based edutech company and India’s fastest growing online learning platform, has now announced to launch free live classes on YouTube for students of class 6th to 8th standard across multiple education boards in India
The live lectures initiated by Bright Tutee follow a class-wise schedule. For instance, class 6 live sessions will go live from 11am to 11:40am, class 7 goes live from 12pm to 12:40pm, while the class 8 periods ensues from 1pm to 1:40pm, etc to provide a virtual schooling atmosphere .
Though several other players in this space are also offering free learning, Bright Tutee has emerged as the first one to transmit its content outside its platform and deliver it for free. Through this initiative, the company has set a new milestone for itself and for others in the ed-tech space, and it is expected that other players too shall follow suit.
Commenting on the noble initiative, Anant Goyal, Director and founder at Bright Tutee said, “With schools witnessing closure due to the global corona pandemic, we have been witnessing a massive level of engagement on our learning platform post the virulent outbreak. To ensure that students stay secure and can learn from the safety of their homes, we have decided to leverage social media channels like YouTube to conduct free classes for students across the country.”
We’re hopeful that this initiative will greatly benefit over 10 million students enrolled between classes 6th to 10th whose learning process has been discontinued due to the nationwide lockdown. The current scenario dictates that the edutech industry as a responsible corporate lobby prioritises the welfare and educational needs of students over conventional business aspirations”.
The swiftly growing and unconventional new-age state of the art tech-driven online learning and edtech player is winning hearts and acclaim from across the industry for its novel and thoughtful gestures. Its free learning app which has been a major hit with students as well as teachers is captivating the imagination of pedagogical experts and edutech competitors across the country.
Virtual Code Gladiators 2020 to Bring Fear-free Environment Amid Covid-19
Coronavirus pandemic has led the world’s biggest coding competition – TechGig Code Gladiators – to go ‘completely online’ this year. The finale of Code Gladiators 2020 will conclude with a virtual grand finale and felicitation ceremony to boost participation when travelling is prohibited, and social distancing is the new norm.
Another highlight of TechGig Code Gladiators 2020 edition would be the Virtual Career Fair that will help companies interact with coders and conduct live interviews in a COVID-19 fear-free environment via LiveCode. This tool will help companies conduct on-site tech interviews remotely, assess candidates’ coding and communication skills real-time and replay interview videos to benchmark and hire the best fit.
“TechGig Code Gladiators is a platform for anybody who loves to code and can solve complex business problems with the power of code. The contest plays a level playing field for every coder including first-year engineering students to experienced IT professionals. Amid COVID-19 crisis, we will be hosting a virtual grand finale of TechGig Code Gladiators that will be no less in terms of grandeur, engagement, networking and ROI for clients from the offline event. I think Code Gladiators will keep all coders engaged and motivated during the lockdown period. It will be like #CodeinQuarantine,” said Sanjay Goyal, Business Head, TimesJobs and TechGig.
In its 7th edition, TechGig Code Gladiators aims to see even higher registrations than the last year. The 2019 edition of Code Gladiators noted 2,62,000+ registrations, by far the highest ever number so far since its inception in 2014. The 2017 edition of Code Gladiators bagged the Guinness World Record for being the largest computer programming competition.
The technology community waits for the TechGig Code Gladiators excitedly, as companies see it as the perfect platform to meet and hire pre-assessed technologists. And they will be able to do this from the safety of their home amid COVID-19 crisis.
This year, the hackathon themes include new-age technologies as Artificial Intelligence, Machine Learning, IoT, Blockchain, Cloud computing, Microsoft Azure, and RPA. The winners will take home certificates, trophies and prizes worth Rs 50 Lakhs.
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