Budget Controls and deviation Analysis, Payroll and all statutory returns.
in Tomorrows Foundation.
Non-Governmental organization (NGO).
Tomorrow’s Foundation is a non-governmental development organization committed to the all-round development of children. They support children from the most underprivileged backgrounds to become self-reliant and enjoy their right to a dignified life. All children are supported until they complete their education (in some cases courses like engineering and medical) and placed in a suitable job.
They wanted a simple system that can manage the fund received from the donors and then the fund utilization part of it. The funds received from various donors were then used in various projects (based on the Budget approved) The frequency of budgeting can be monthly / bi-monthly / half-yearly / Qly and annually.
Team from Silicon Systems analysed their requirements, configured the fund and utilization management, budget models (5 Budget Models), Fund utilization reporting across all projects, Project-wise budget reporting (excess or deficit), Payroll implementation including PF, ESI, Income Tax etc. The entire implementation from Silicon was based on ‘ZERO CUSTOMIZATION’ on TallyPrime.
They were able to manage real-time fund utilization reporting individual and consolidated, reporting of the donors, Pre-budget analysis (any frequency) before funds are received across projects. Management can analyse budgeted and variance analysis - for all projects. New TallyPrime payroll helped them to mange from a single system and no additional maintenance of a payroll software was needed. Excel management of reporting for budgets was abolished. The payroll managed PF, ESI, P.Tax, TDS, Form 16 etc. are all managed from TallyPrime. More than 2 years Tomorrow's Foundation is using the TallyPrime application implemented by Silicon Systems.
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