Chennai, September 26, 2025: Tally Solutions Pvt Ltd., India’s leading business management software company, has announced a strategic partnership with Indian Bank, one of the country’s foremost public sector banks, to enable seamless and secure e-payment capabilities over IND Cash Optima for businesses using TallyPrime. This collaboration marks a significant step toward strengthening digital financial operations for Indian enterprises, especially MSMEs, by tightly integrating accounting and banking functions into one cohesive platform.
By uniting two of the most trusted names in their respective domains—technology-driven business management and banking—this partnership is set to create significant value for SMEs, empowering them with greater efficiency, security, and ease in managing financial operations. The integration allows Indian Bank customers to initiate and manage payments directly from TallyPrime.
With payments recorded seamlessly in TallyPrime and exported seamlessly, the businesses initiate them directly through IND Cash Optima. This ensures perfect alignment between accounting records and payment initiation thereby, minimizing errors, saving valuable time for finance teams, and transforming what was once a fragmented, error-prone process into a streamlined and integrated workflow.
Commenting on the collaboration, Tejas Goenka, Managing Director, Tally Solutions, said, “At Tally, our mission has always been to make business management simpler and more efficient. By bringing banking and accounting closer together, we aim to empower businesses, especially MSMEs, to handle their payments with greater accuracy, convenience, and confidence. This collaboration with Indian Bank is a step in that direction, helping SMEs save over 70% of the time they typically spend on payments and reconciliation.”
Mr. Ashutosh Choudhury, Executive Director, Indian Bank, added, “We are pleased to partner with Tally Solutions to bring this innovation to our business customers. Indian Bank has consistently focused on providing digital-first solutions that simplify our customers’ financial operations. By integrating our market-leading Cash Management solution – IND Cash Optima with TallyPrime, we are offering a seamless, secure, and user-friendly option for businesses to manage their vendor and payroll payments. This partnership will help drive digital adoption among MSMEs and promote a more agile financial ecosystem.”
Further, users can directly import the payment references like UTR number, from IND Cash Optima back into TallyPrime. This automatically updates the transaction status within the system, including payment details and instrument numbers, thereby making reconciliation effortless and error-free. Additionally, businesses can send payment advice to vendors and employees straight from the platform, improving transparency and communication.
This partnership will significantly benefit businesses with high payment volumes or frequent payouts, including vendor settlements and salary disbursements. By eliminating redundant processes, it enables faster, more accurate execution of payments while ensuring that the books remain up to date with the latest financial activity.
With this integration, both Indian Bank and Tally Solutions reiterate their commitment to supporting India’s growing business sector by enabling smarter, faster, and more reliable financial processes.