(1888PressRelease)
July 15, 2009 - New Delhi: Tally Solutions Private Limited (TSPL), India’s leading ERP software major, today signed a Memorandum of Understanding with the Institute of Cost and Works Accountants of India (ICWAI), India’s premier professional management accounting institute at the ICWAI premises in New Delhi.
The agreement marks the beginning of a significant effort of crafting an industry relevant career path for students in the Finance and Accounting domain.
What the MoU provides
• TSPL–ICWAI to create an industry–academia interface to build employment-ready professionals
• TSPL to provide training material for a 60 hour Certificate program at ICWAI in the first phase.
• TSPAL and ICWAI to partner in increasing the training bandwidth and reduce the digital divide in India
This partnership would help in the creation of a unique Industry–Academia interface that would help generate a pool of employment-ready professionals. It is expected to thereby transform the landscape of the way businesses would be operated in India.
With this partnership, ICWAI and Tally Solutions would be participating in an effort to increase the training bandwidth across the length and breadth of India and to facilitate the bridging of the digital divide between the urban and rural areas.
Mr. Avinash Gupta, the CEO of the Education Division, TSPL said, “This is an initiative jointly taken by ICWAI and Tally Solutions to evangelize the cause of creating industry neutral growth for Certified Accounting Technicians. The creation of a Techno-professional qualification is expected to enhance the quality of flow of information and create a new blend of knowledge society in the Finance and Accounting domain”.
Mr. Kunal Banerjee, President, Mr. Durgaprasad, Vice President along with Mr. G.N.Venkataraman, Chairman CAT, opined that “This tie-up with Tally will enable ICWAI to reach nook and corner of India, mainly for the computer training and basically to visit each and every village to see a rural student making his dream a reality of a gainful employment with a short training and to further his career. Thus ICWAI and Tally will address the social upliftment by taking professional education to rural areas.”
According to the MoU, TSPL would provide training material for a 60 hour Practical IT & Related Applications for the “Certificate in Accounting Technicians” (CAT) Program in the first phase. The 60-hours computer training would be a pre-requisite for every
student’s eligibility to the Competency Level of the CAT program. The CAT program roll out would cover over 500 students who have already enrolled for the current batch across ICWAI run centres and over 70 ICWAI recognised centres . The Programme intends to benefit more than 5000 students through a network of over 1300 training locations across India for the next batch.
Through this programme, Tally intends to enable creation of a ready to employ pool of ERP Literate Certified Accounting Technicians in the country.
About Tally Solutions Private Limited:
Since its inception in 1986, Tally Solutions has simplified business processes and enhanced the productivity of small and medium-scale enterprises with its powerful business accounting and inventory management software.
The company's tremendous progress is validated by various research agencies and media houses who have named Tally as one of the fastest-growing software product companies in India.
Guided by its core philosophy "Power of Simplicity", Tally Solutions has pioneered the code-less concept in accounting and business management software and continues to improve by leveraging new technologies to offer innovative features and capabilities.
The sphere of operations currently spans the Middle East, Africa, the Indian sub-continent, Asia-Pacific and the UK.
For its simplicity in use, versatility in its technology – Tally has been the recipient of a number of awards and accolades - the prestigious IT National Excellence Award 2007; 360 Magazine's Golden Rhino Award; Franchise Award for best in Education Coaching & Training; VARIndia Star Nite Award for Best Financial Software, to name a few.
For more details, visit www.tallysolutions.com
About Institute of Cost and Works Accountants of India:
The Institute of Cost & Works Accountants of India is a premier, dynamic, vibrant professional Management Accounting Institute of the country established on 28th May 1959 under the Cost & Works Accountants Act, 1959 and as amended by Cost & Works Accountants Act 2006 enacted by the Parliament to regulate the profession of Cost & Management Accountancy in India. It is an institution actively associating itself in the industrial and economic development of the nation. Today the Institute has more than 1, 65,000 students and more than 45,000 qualified members.
Press Contacts:
Sweta Mohanty
Ogilvy Public Relations Worldwide, Bangalore
Direct Line: +91-80- 4434 4354
E-mail: sweta.mohanty ( @ ) ogilvy dot com
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