Alakto is a CA, CMA & DISA who has 23 years of post-qualification experience. He has worked in large corporates till 2008 and implemented SAP. He co-founded Mindworx Advisory to offer certain B2B services. While managing Mindworx, he started Alakto & Associates, a CA firm in 2013 and worked extensively on Tally software to handle SME clients.
An application that handles finance function for SME players which is integrated with Direct and Indirect Taxation, ROC, Payroll and Materials Management. This application will be available to users on Licence & AMC and Saas basis.
How are we different?
Tally started early and can't support ROC and Taxation systems. While pure accounting doesn't change every year, statutory requirements undergo lot of changes. If we can handle that piece well with a single database that is integrated with all statutory requirements, customer loyalty will enhance. We will also offer training to commerce graduates.
Currently, Tally is the market leader which is being used by most SME for their finance function. Tally either because of near monopoly situation or old architecture, doesn't support taxation and ROC requirements well. Users find it difficult to transport data to different stand alone software to fulfill statutory requirements. Tally also doesn't offer any training facility directly. One robust integrated user-friendly device-compatible application is the need of the hour.