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September 20th, 2022 2 min read
About our partnership with YouControl and new features of Business Central
About our partnership with YouControl and new features of Business Central
Friends, we’ve got some good news! Microsoft Dynamics 365 Business Central now has the ability to check counterparties and monitor their changes. This happened thanks to our partnership with YouControl. This is an online service that collects complete information about Ukrainian companies and the changes taking place in them. By checking counterparties with YouControl, you will protect your company from legal sanctions, reputational losses, financial losses, corruption scandals and corporate raids. So we, as a company that nurtures transparency and business process organization, and YouControl, who are in favor of honest communication with counterparties, united and created a common product. The new application that integrates with Business Central is called SMART Partner Clarity and provi...
August 8th, 2022 5 min read
The principle of audit trail. Business transparency as a key to its growth
The principle of audit trail. Business transparency as a key to its growth
Now we are at the point of important changes concerning both each individual and the state as a whole. Business is no exception. Ukrainian companies are at the stage of searching for new opportunities for development and scaling. Increasing attention is paid to optimization of management processes, planning and implementation of European best business practices. It is important to remember: the sooner the owners or managers of companies begin the gradual process transformation, the higher their chance of finding “their place” in the progressive business field. Business transformation should begin with ensuring its transparency. Therefore, in this article we will talk about the principle of audit trail and why your accounting system needs it if you plan to enter the EU economic space. What...
July 27th, 2022 7 min read
How the cost of ERP is formed and what you need to know when choosing a system
How the cost of ERP is formed and what you need to know when choosing a system
A resource planning (ERP) system is an important business automation tool that helps streamline business functions and make them more transparent and controllable. In a dynamic marketplace, ERP helps companies quickly respond to changes and make strategic decisions based on accurate analytical data. After recognizing the need for ERP, the next logical question is its cost. Buying a system that will store the most important component of your business – that is information – is a serious step that requires a detailed and thorough analysis. And the cost of such a system is closely related to its value to specifically your business. So the question “How much does an ERP cost?” involves many aspects and requires a deeper analysis. This is somewhat like buying a new house, the price of which dep...
July 15th, 2022 5 min read
MammyClub
Oleh Poda
Co-founder and CEO of MammyClub
Fast migration from the russian “Moi Sklad” to the international Business Central system and warehouse process optimization for MammyClub
The main warehouse of MammyClub is located in Klavdiievo between Borodianka and Bucha. According to Oleh Poda, co-founder and CEO of the business, the fact that the warehouse survived after the events of March 2022 is a great luck. Due to the fact that the ability to ship goods directly from suppliers’ warehouses had been implemented, the business was able to resume work on March 7, although it could initially offer consumers only 5% of the previous assortment. Traditionally, the russian software “Moi Sklad” was used to manage warehouse processes. In 2016, when we were looking for an IT solution, the choice was made in favor of Moi Sklad, since the software had basic out-of-box functionality, a reasonable price and pretty good documentation for the API. Moi Sklad is an exclusively warehous...
July 11th, 2022 7 min read
SMART Localization Release Note 2022.07
SMART Localization Release Note 2022.07
Changes in generation of a single tax payer's tax return, changes in average earnings calculation and improvements of SMART Payroll functionality for Georgia and Azerbaijan In the article, we provide an overview of SMART Localization updates included in Release Note v. 2022.07. We remind you that SMART Localization consists of 2 parts: SMART Accounting – accounting and tax accounting automation. SMART Payroll – HR and payroll processes automation. Functionality changes in SMART Accounting for Ukraine The functionality for generating Sales VAT invoices on a cash basis has been developed. If your company has transactions for the supply of goods/services, for which tax liabilities are recognized on the date of payment, then this update is for you. Recognition of the purpose of payment in the...
July 11th, 2022 2 min read
SMART business Georgia provides full digitization of PSP warehouse with SMART WMS implementation
SMART business Georgia provides full digitization of PSP warehouse with SMART WMS implementation
The article provides a translation of material from commersant.ge into English. Brief information PSP is the first distributor of European medicines in Georgia, which started its work in 1994. More than 2 million customers choose PSP every month as their family pharmacy. About 220 PSP pharmacies are located in almost every region of Georgia and in every district of Tbilisi. SMART WMS is a solution based on Microsoft Dynamics 365 Business Central that allows you to optimize and automate warehouse management processes. SMART WMS is part of SMART Distribution. After merging the two PSP distribution warehouses, the distributor’s main challenge was to fully automate warehouse processes. PSP set itself two main tasks: to optimize working time and item serial control. SMART WMS ensures that wareh...
June 26th, 2022 9 min read
What is ERP and how to get the most out of system implementation?
What is ERP and how to get the most out of system implementation?
ERP (enterprise resource planning) is an enterprise resource planning software that helps you control internal processes and make important business development decisions in real time. Prerequisites for creating ERP systems For the first time, such systems appeared in the early 90s of the last century as a market response to complication of internal processes and the need for a balanced and integrated management of all company resources. Industrial enterprises were the first to use them, and soon, having proved their effectiveness, ERP systems began to be actively used in the service sector, government agencies and non-profit organizations. More than 30 years have passed, ERP systems have become a key management tool and continue to be actively developed and used by tens of thousands of co...
June 23rd, 2022 4 min read
Launch of ERP system Business Central v20. Technical overview
Launch of ERP system Business Central v20. Technical overview
To the attention of all developers, architects and other technical specialists. The SMART business team have attended Dynamics 365 Business Central v20 Launch – an event where Microsoft details new ERP functionality – and now want to share insights with you. The most important group of features is around security. Added support for granular delegated admin privileges is long waited by both partners and customers. It basically allows to control which administrative roles (and for what period) are granted for the partner by the customer. It is no longer global administrator access or nothing, it is possible to grant e.g. Dynamics 365 Administrator which is enough to manage online environments, and Helpdesk Administrator that allows to support users. Partners receive the options to assign gra...
June 23rd, 2022 3 min read
We invite you to join the Academy “Finance and Accounting in the International ERP system from Microsoft”
We invite you to join the Academy “Finance and Accounting in the International ERP system from Microsoft”
SMART business is pleased to announce a free online Academy “Finance and Accounting in the International ERP system from Microsoft”. In an era of change, when Ukrainian companies are increasingly oriented towards international business practices, the rejection of russian software is becoming not only a social position, but also the next logical business step. SMART business supports the desire of companies to quickly integrate into the EU economic space. Therefore, we invite everyone to take a practical course on accounting, tax and management accounting in the international ERP system Microsoft Dynamics 365 Business Central. Learn more about the Academy Business Central is an enterprise resource planning platform that helps you manage business processes including finance, purchasing, sale...
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