New feature allows seamless import of any bank statement into all Tally versions.
Entera Global, a forefront player in AI-driven software solutions for accountants, proudly announces a groundbreaking feature to its product, Entera. This latest enhancement empowers users to effortlessly import any bank statement into Tally, streamlining financial processes and reducing the manual workload for accountants.
The absence of a standardized format for bank statements has posed a significant challenge for accountants, requiring meticulous manual verification. Entera’s sophisticated solution adeptly recognizes bank statements in various formats, including PDF and Excel, executing auto-ledger and smart splitting processes to enhance accuracy and efficiency.
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Entera’s AI algorithm not only ensures precision in current tasks but also memorizes user-ledgers for future actions, resulting in accelerated processing times. To guarantee utmost data accuracy, professionals are encouraged to provide final confirmation after the automated processes. Company developers estimate that this feature will allow processing of bank statements, on average, five times faster, significantly improving operational efficiency.
This advanced feature extends its support to statements from major banks in India, including State Bank of India, AXIS, Bank of India, Canara, HDFC, ICICI, Indian Bank, Kotak, Punjab National Bank, Samruddhi Bank, UCO, Union Bank, Bank of Maharashtra, and others.
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Nik Kruts, Chief Business Development Officer at Entera Global, emphasized the software’s versatility, stating, “Entera’s commitment to efficiency is reflected not only in recognizing diverse statement formats but also in its compatibility with all Tally versions. We continually enhance our product based on feedback from practicing chartered accountants. The main innovation lies in avoiding one-by-one document processing and enabling massive actions. As a result, Entera becomes a multifunctional service capable of addressing any accountant’s document-related challenges.”
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Dima Makhlin, Co-Founder of Entera Global, shared his perspective on this groundbreaking feature, stating, “At Entera Global, our mission is to empower accountants with tools that alleviate manual burdens and enhance productivity. The ability to seamlessly import bank statements into Tally represents a significant step towards achieving this goal. We understand the challenges faced by accountants dealing with diverse statement formats in India, and our solution aims to streamline these processes effectively.”
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