Bengaluru: Tally Solutions Pvt. Ltd., India’s leading business automation software provider, today announced the launch of TallyPrime Release 7.1, introducing TallyIra, the company’s first artificial intelligence (AI)-powered capability embedded within TallyPrime. The latest release also delivers enhanced invoice personalisation features and expanded Connected Banking capabilities in partnership with ICICI Bank, enabling businesses to automate routine processes, strengthen their brand identity and simplify financial operations.
The launch marks a significant milestone in Tally’s continued commitment to building intelligent technology that adapts to evolving business needs while maintaining the reliability, simplicity and control that businesses expect from the platform.
The first AI-powered capability under TallyIra, Docs by Ira, enables businesses to automatically convert business documents into accounting transactions within TallyPrime. Users can upload invoices and business documents through desktop, mobile devices or WhatsApp, allowing the AI engine to extract relevant information and generate GST-compliant accounting entries with minimal manual intervention.
By automating one of the most time-consuming accounting tasks, Docs by Ira helps reduce manual data entry efforts by up to 80 percent, improving operational efficiency, reducing errors and enabling faster processing of financial records. Businesses retain complete visibility and control over every transaction, ensuring accuracy while benefiting from AI-driven automation.
TallyPrime Release 7.1 also introduces a significantly enhanced invoice personalisation experience, allowing businesses to create professional invoices that better represent their brand identity without compromising compliance or consistency.
The platform now offers a range of contemporary invoice templates with support for customised layouts, company logos, digital signatures, watermarks and business-specific information. These capabilities help businesses present a more professional image while delivering trusted and standardised financial documents.
Further strengthening its integrated business ecosystem, Tally Solutions has expanded its Connected Banking platform through a strategic collaboration with ICICI Bank. The integration enables TallyPrime users with ICICI Bank current accounts to manage banking and accounting activities from within a single secure interface.
Users can access real-time account balances, retrieve bank statements, receive transaction updates, initiate payments, simplify bank reconciliation and manage routine banking operations without switching between multiple applications. The integrated banking experience is designed to improve productivity, enhance financial visibility and reduce operational complexity for businesses.
Commenting on the launch, Tejas Goenka, Managing Director, Tally Solutions, said: “For nearly four decades, our focus has been on building technology that adapts to businesses, not the other way around. As AI becomes part of everyday business operations, its role should be to make businesses more flexible, efficient and responsive while preserving the reliability and control they depend on. With TallyIra, we are embedding intelligence into business workflows to reduce effort and simplify complexity. Combined with deeper personalisation and a more connected ecosystem, TallyPrime 7.1 helps businesses modernise operations while presenting their unique identity more professionally.”
The release also includes support for Smart Schedule III, further helping businesses remain compliant with statutory requirements while streamlining routine compliance-related activities.
With TallyPrime Release 7.1, Tally Solutions continues to accelerate digital transformation for India’s small and medium enterprises by integrating artificial intelligence, intelligent automation and connected financial services into a single business management platform.
TallyPrime Release 7.1 is now available to all existing TallyPrime customers with an active software licence, providing immediate access to the latest AI-powered capabilities and enhanced business automation features.