What is Tally Edge: A Simple 4 Step Explanation

Tally Edge is an RBI-licensed Account Aggregator (AA) platform in India. It acts as a secure hub for all your business’s financial asset information, allowing you to easily manage and share it with authorized institutions with your consent.

Here’s a breakdown of what Tally Edge does:

Consolidates financial data:

It gathers your financial information from various sources like banks, investment firms, and government agencies, and presents it in a single, organized view.

Enables secure sharing:

You can control who sees your data by granting or revoking access to specific institutions. This ensures that your financial information remains confidential and is only shared with your permission.

Simplifies loan applications:

By providing lenders with a consolidated view of your financial health, Tally Edge can help you get faster loan approvals and better interest rates.

Streamlines financial management:

With all your financial data in one place, you can easily track your income, expenses, and investments, and make informed financial decisions.

4 Key Benefits of Using Tally Edge:

Security:

Your data is encrypted and stored securely, and you have complete control over who can access it.

Convenience:

You don’t need to manually collect and share financial documents with different institutions.

Efficiency:

Tally Edge can help you save time and effort by automating the data sharing process.

Transparency:

You can track who has accessed your data and for what purpose.

Overall, Tally Edge is a valuable tool for businesses of all sizes that want to simplify their financial management and improve their access to credit.

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