Tally Solutions is increasing prices for its Tally Prime Software by 25% starting February 10th, 2024. The hike applies to various Tally offerings and aligns with the company's commitment to innovation. Examining the historical pricing trends reveals a 52% increase in new features since 2017. Despite the rise, Tally continues to prioritize cutting-edge and adaptable software solutions. For detailed information on the revised pricing, follow the provided link.
1. Tally Prime New Pricing in 2024
As of February 10th, 2024, Tally Solutions, a leading accounting software provider, will be implementing a price adjustment for its
Tally Prime Software. This change is aimed at enhancing the user experience and ensuring continual innovation. It's important to
delve into the details and understand the implications of this decision for businesses and users.
2. Factors Behind the Price Change
Enhanced User Experience Market Competition Innovation and Development
The price adjustment reflects a focus on
improving the overall user experience
with Tally Prime Software. This may
include additional features,
functionalities, and support services,
which can contribute to increased value
for users.
Changes in pricing are often influenced
by the competitive landscape. Tally
Solutions may have adjusted the prices
to remain competitive in the market and
continue providing high-quality
accounting software solutions.
Revenue from the price increase might be
directed towards research, development,
and innovation, allowing Tally Solutions
to stay ahead of industry trends and
meet evolving user needs.
3. Impact on Users and Businesses
1 2 3
Cost Considerations Feature Valuation Budget Allocation
Users and businesses need to
reevaluate their budget allocations
for accounting software. The price
adjustment may impact their
financial planning and decision-
making processes.
Understanding the added value and
enhancements accompanying the
price change is crucial for users.
They would need to assess whether
the revised pricing aligns with the
benefits and features offered.
Companies and individuals will have
to allocate additional resources for
Tally Prime Software, potentially
influencing their overall financial
strategies and investment plans.
4. Evolution of Tally's Pricing
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3
2
1 Pre-2012
2012-2016
Post-2017
2024 Onward
In the following years, the pricing increased to Rs 18,000 for Single User and Rs 54,000 for Multi User, reflecting a
33% increase in price.
Before 2012, the Tally ERP 9 was priced at Rs 13,500 for Single User and Rs 40,500 for Multi User, inclusive of all taxes.
From February 10th, 2024, Tally Prime Software will witness a 25% price increment, settling at Rs 22,500 for Single
User and Rs 67,500 for Multi Users, excluding GST.
2017 marked the inclusion of Goods and Services Tax (GST at 18%) in the cost, aligning Tally's pricing with new
taxation norms.
5. Price Adjustments for Tally Software Suit
Tally Software Services
(TSS)
Tally Prime Developer &
Ser ver
Tally Add-ons & Upgrades
The price changes extend to Tally
Software Services (TSS), which plays
a crucial role in maintaining and
enhancing the performance of Tally
soft w a re.
Developers and businesses using Tally
Prime Developer and Server will also
experience the price adjustments,
potentially impacting development
costs and IT infrastructure
investments.
Users of Tally Add-ons and Upgrades
will need to consider the revised
pricing structure for these additional
functionalities and enhancements.
6. User Prepardness for Price Adjustments
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2
1
Evaluating Budgets
Engaging with Stakeholders
Understanding New Features
Users need to assess their financial plans and budgets to accommodate the revised pricing of Tally Prime and other
associated software services.
It's important for users to understand the additional features or improvements that come with the price change to
make informed decisions.
Businesses should communicate the upcoming price adjustments to internal and external stakeholders, ensuring smooth
transition and support.
7. Tally's Financial Ecosystem
25%
Increase in Price
2017
Alignment with GST
Innova…
Investment in Innovation
The price increment for Tally Prime
Software reflects a 25% increase from the
previous pricing structure, positioning it as
a strategic investment for users.
The pricing evolution has aligned with the
introduction of Goods and Services Tax,
demonstrating Tally's commitment to
regulatory compliance.
The revenue from the price adjustment will
likely be channeled into fostering
innovation and development of advanced
features for users.
8. Tally's Transformative Updates
Tally, a leading software solution, has undergone major transformations since the introduction of Tally ERP 9. Let's explore
the groundbreaking features that have propelled Tally Prime to new heights.
9. Tally ERP 9: Advancements
Multi-Currency Support GST Update Web Browser Reports
Advanced support for handling
transactions in multiple currencies,
enhancing global business capabilities.
Adaptations to ensure compliance with
Goods and Services Tax (GST) rules and
regulations, vital for businesses in India.
Secure access to Tally ERP 9 reports from
any device with a web browser, ensuring
easy and flexible reporting.
10. Introduction to Tally Prime Features
New Look and
Int er f ace
Easy Navigation Digital Signature
Tally Prime introduces a sleek,
user-friendly interface that
enhances the overall user
experience without
compromising its robust
functionalities.
The "Go To" option in the top
menu allows swift access to any
desired report or feature in Tally
Prime, providing valuable
insights and exploration.
Tally Prime offers a wide array of features designed to enhance user experience and efficiency, making it an
ideal choice for businesses and users.
A powerful tool to speed up the
creation of electronically signed
invoices. It ensures the
authenticity of signatures and
data integrity.
11. Tally Prime: Streamlined Operations
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Seamless WhatsApp Integration
Multi-State GST-IN
Data Import From MS Excel
Smooth integration with WhatsApp for Business,
facilitating instant communication and sharing of
business documents.
Companies can now handle multiple GST Identification
Numbers within a single company, setting specific tax
rates and personalizing numbering.
Seamless import of masters and transactions from MS
Excel, providing a quick and error-free method to
handle high-volume data.
12. Tally's Commitment to Innovation
1 2
Regular Updates Evolution of Features
Tally Solutions has consistently released new versions and
updates, addressing evolving business needs and
regulatory changes.
An approximate 52% increase in the number of new
features since 2017, demonstrating Tally's commitment to
providing cutting-edge solutions.
13. Tally's Adaptive Pricing Strategy
Continuous Innovation
Newly adjusted pricing reflects Tally's investment in delivering superior product and support to the users, ensuring overall
efficiency and effectiveness.
By consistently innovating and upgrading, Tally Solutions reaffirms its commitment to delivering cutting-edge and adaptable
software solutions, ultimately benefitting businesses and users.
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