Case Study
Agratas Energy Storage Solutions Pvt. Ltd.
Agratas Energy Storage Solutions Pvt. Ltd. is a global battery business within the Tata Group.
When Agratas Energy Storage Solutions Pvt. Ltd. was incorporated in May 2023 they have approached to Nova Technosys to implement the Software Solution with the following requirements,
1. Software that is capable of handling their Business Processes
2. Software that should have the necessary checks and controls from auditors point of view
3. Software that should help them to maintain the required Statutory Compliance
4. Software that is configurable to handle the required Workflow withing the Organization
5. Software that can be accessed by the Users across different locations in India and abroad
6. Software that can be easily customized to address their specific requirements
7. Software that can be implemented in phased manner to handle the operations as and when there is a need
8. Software that is easy to implement & easy to use and need least training cycle for the user to get accustomed to use it
9. Software that is proven, stable and reliable
Nova Technosys proposed to implement Tally Prime along with Tally Prime Server as its proven, stable, reliable, easy to use, easy to implement and can be easily customized.
Nova Tally is the Customized Solution developed by Nova Technosys which was built on Tally Prime was taken as the base platform to build the custom specific requirements of Agratas.
Nova Tally is a ready to use solution built on Tally Prime to enhance Tally Prime and bring in,
necessary checks and controls
work flow
as well as other features similar to ERP like,
Know Your Customer (KYC)
Know Your Supplier (KYS)
Payment Terms for Vendor Purchase Orders
Payment Control based on Payment Terms
Delegation of Authority (DOA)
Hard linking of Process and making the application work process orientated
3 way matching in accounts payable
Automating Payment Processing
implementing Document Management System
automatic Month end Book Closure on fixed calendar date
restriction on data entry by user within the calendar month which is open and make it work like an ERP
The Customized Nova Tally Solution was implemented for 3 different States in India and the Tally Prime along with the customized solution was hosted on Cloud so that the Users across different States were able to maintain their Books of Accounts on the Cloud Server.
This helped the Management to consolidate the Data by every month end without any additional effort using the default Tally Prime Data Consolidation feature.
The implementation was carried out at Pune and the Users of Agratas Energy Solutions India and the TML Business Services Limited were trained to use the customized Nova Tally as TML Business Services Limited was acting as their Business Partner to maintain their Books of Accounts on real time basis jointly along with Agratas Energy Solutions India team.