Kochi, Sep 28 (Reporter) With the continued vision to empower the backbone of the Indian economy - the fast-growing MSME sector; Tally Solutions has announced the global launch of the all-new TallyPrime 5.0, elevating its suite of connected services. A leading technology company providing business management software, Tally brings a new paradigm in connected services with API-driven tax filing, enhancing business operations for the mid-mass segment both in India and globally. The MSME sector in Kerala has witnessed significant growth in industries such as agro and food processing, garments and textiles, and hospitality. Since 2022-23, the state has added over 2.75 lakh MSMEs, with more than 1 lakh new enterprises established in 2023-24 alone. Kochi, the commercial and financial hub of the state, contributes the highest GDP in Kerala, driven by its rapidly expanding MSME sector. Tally Solutions has been playing an instrumental role in supporting the MSME ecosystem in Kerala, empowering businesses to embrace digital transformation. Tally has been actively fostering collaborations to strengthen the MSMEs, enabling them to streamline processes and boost business growth. The latest version with ‘Connected GST’ will serve as a consolidated interface for all online GST operations, without having to visit the GST portal. This release further strengthens Tally’s connected experience which includes e-invoicing and e-way bill generation capability, WhatsApp integration, etc. Additionally, addressing the increasing demand in the Middle East and Bangladesh, TallyPrime 5.0 adds advanced multi-lingual capabilities that will extend Arabic and Bangla language interfaces with phonetic support. The new solution encapsulates an array of unique features including a direct connect to the GST portal which enables fast data upload/download, GSTR1 return filing, new recon flexibilities, including GSTR-1 recon and GSTR-3B recon features unique to Tally, Input Tax Credit (ITC) at risk identification and ledger creation. The feature also supports end-to-end ‘bookkeeping to return filing’, bringing an integrated experience. With this new launch and other product pipeline initiatives, Tally is aiming to expand its current user base of 2.5 million+ by 50% over the next 3 years, while eyeing a CAGR growth of 30-40%. Sharing his views, Anil Bhargavan, General Manager – South Zone, Tally Solutions said, "Our latest release is specifically designed to ease GST filing, transforming it into a simpler and more efficient process for Indian businesses." "Although API-based filing is still not widely adopted, we’re set to change this trend. This new release will streamline the entire GST filing process, potentially saving MSMEs 60%-70% of their time and offering real-time visibility into their suppliers' GST status to protect their ITC." MSMEs are seeking effective tech solutions for their operations, and TallyPrime 5.0 provides a simple, secure, and reliable solution. It enhances business management with new features and builds on existing ones like e-invoice generation, user-friendly dashboards, WhatsApp integration, and Excel imports...////...