DBS Bank India and Tally Solutions have entered into a partnership to launch a first-of-its-kind connected banking platform to enable convenient GST payments and accounting processes for SMEs.
Commenting at the launch, Niraj Mittal, Managing Director and Head of Institutional Banking at DBS Bank India, said, “For the first time, Tally users have the opportunity to digitize their tax payment and accounting processes. Our connected banking solution will ease their transition to the new tax regime and bring substantial savings in terms of time and effort. This innovation is a testament to our continuous efforts to simplify banking for the consumer. Given Tally’s leadership position in the ERP software market, this partnership will help us better serve our existing customer base and continue our aggressive growth in the SME market.”
“We understand the evolving landscape and accounting needs of SMEs in India. We have been working with the regulator to upgrade our accounting and ERP infrastructure, in order to comply with the new GST regime. Our new integrated platform with DBS Bank is an industry innovation that will set a precedent for banking and accounting solutions for SMEs in India,” said Tejas Goenka, Executive Director, Tally Solutions.
DBS Bank, the world’s best digital bank**, has been at the forefront of leveraging advanced technology solutions in the banking space. Through this integration, its SME customers can enjoy a host of benefits, such as: