New Delhi, Oct. 16 -- Tally Solutions is preparing to scrap and rebuild the core architecture of its 40-year-old accounting software to adapt to the artificial intelligence (AI) era, with Managing Director Tejas Goenka saying the overhaul is essential for the company's survival.

However, even as the company begins integrating AI into its products, it is still uncertain how customers will respond to the technology and how quickly they will adopt AI-powered accounting.

"I still don't know how customers will take to it. But if we don't do it now, it is death. That's the way I personally see it," he said, in an interview with the Economic Times Digital.

Goenka said the proposed overhaul would extend to the software's underlying technology,...