How safe is your Tally data with UpScale?

With UpScale, you can get all your Tally data on your mobile and on your desktop 24/7. Syncing in with your Tally data and analyzing that data to generate powerful business reports is just one of the many benefits of using UpScale. But at a time when data privacy concerns for MSMEs in India are at their highest, how do you know whether your Tally data is actually safe with UpScale? In this blog, we tell you exactly how we’ve built the UpScale application in a manner that is 100% safe and secure for your business. But before we tread any further, know how connecting your Tally data with UpScale can benefit your business.

How does connecting Tally data with UpScale help your business?

Once you’ve signed up on UpScale, you can download the Tally sync plugin and connect all your Tally data in under 5 minutes! UpScale then analyzes and generates very useful information about your business like who are your most paying customers or which are your most profitable items in the inventory. You can read more about how UpScale can help you complete your daily business operations faster and in a more efficient way on our blog. But coming back to where we started from.  

How does UpScale ensure your Tally data is safe and secure?

  We’re a user-friendly and data safety-first organization from the CredAble suite of products. This means, that every application and feature, including UpScale, goes through rigorous testing which ensures that there is zero probability for any of our user’s data to be compromised in any way. Not only that, but we at UpScale have also gone the extra mile to ensure that we meet the Indian AND global standards when it comes to data safety and security practices. In addition to syncing in a business’ Tally data, UpScale also allows the business to connect all their bank accounts with UpScale via the bank account aggregation method. This helps the user to know how much cash they have lying around and where. You can learn more about the benefits of using UpScale from our Co-founder Nirav Choksi and our MD Nitin Sharma in the video below. The key thing to note over here is that every single data analysis on UpScale happens via the system and within the system, ensuring that no UpScale team member has access to a user’s data. Or, the other way of saying it would be, with UpScale, only YOU can see your data and no one else can. But that’s not all! We at UpScale are the end word when it comes to data safety and privacy, owing to:

1. Regular audits: We’re periodically audited on data safety and privacy practices.

2. ISO certification: UpScale is ISO 27001:2013 certified, which is the highest level in global security and standards protocol.

3. Encryption technology: We use encryption technology so that only you can see your data.

  As a direct result, UpScale can ensure a large volume of financial and transactional data can be processed through the application without any security breach.  

Data safety and security — a growing concern among MSMEs

  A root challenge for MSMEs continues to be the lack of understanding of the importance of data safety, security and privacy. There were 655 data breaches last year in the manufacturing and wholesale trade industries alone. The total numbers across all industries crossed 30,000!  Unlike large companies, MSMEs don’t have dedicated teams for cybersecurity.  While some medium-sized businesses may still have dedicated IT resources, they might not be skilled enough to understand today’s complex and ever-evolving cyber threat landscape. Limited capital often acts as a hindrance in hiring highly skilled resources. However, this can be overcome to a large extent with several measures, starting with awareness. For those who are aware, data privacy is a concerning factor for a lot of business owners, and rightly so. No one wants their valuable business data to be vulnerable. That is why it is crucial for businesses to choose the most suitable application that supports the right amount of safety and security for their data.  

The Indian government’s rigorous framework for ensuring data privacy

Data privacy in India is currently governed by a framework known as the — Information Technology (Reasonable Security Practices And Procedures And Sensitive Personal Data Or Information) Rules, 2011. . This act ensures:

• Organizations start demonstrating compliance with RSS requirements by implementing intra-organization best practices and security procedures.
• Practicing the international standard of IS/ISO/IEC 27001 on “Information Technology – Security Techniques – Information Security Management System” – which also happens to be widely regarded as a protocol that helps in demonstrating compliance with the RSPP requirements.
• Codes are formed by any self-regulatory organization, and approved and notified by the Central Government.

Organizations that are deemed compliant with the standards mentioned above can be treated with a certain level of trust as they have been through rigorous screenings. UpScale strictly complies with each of the regulatory requirements for data privacy in India.  

UpScale by CredAble, the application that puts data safety and security first

UpScale is an SME-focused Super App by CredAble, India’s largest working capital tech platform enabling more than $3 Billion in working capital annually. As of today, CredAble’s platform hosts over 75 enterprise clients, over 1,50,000 small business borrowers, and over 30 large financial institutions. By leveraging the secure in-house technology, CredAble has built UpScale with the sole intention of helping small businesses with their working capital requirements as well as growth. Additionally, UpScale, the super app for businesses comes packed with a host of benefits like:

1. Growth tools: which help in completing daily business operations, faster and smarter.

2. Efficient cash flow management: that PROVIDES accurate cash flow projections WHICH give the right picture of your business.

3. Hassle-free business loans: WHICH ENABLE businesses to avoid situations like cash shortages by GIVING them IMMEDIATE access to multiple lenders with a simple 2-step application process.

To top it all, UpScale is 100% safe and secure

Bottom line — UpScale gives you the level of data protection that your business rightfully needs with not just your Tally data but also your overall business data. Visit upscale.cash for more details. Liked our article? Share with your peers. Keep reading the UpScale blog for more tips, and insights on how to grow your business.