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July 10th, 2020 1 min read
SMART Localization Release Note 2024.07
SMART Localization Release Note 2024.07
Updates for Ukraine, Azerbaijan, Georgia, Cyprus, and Poland are released every 3 months. If changes in the legislation are urgent, SMART business releases urgent unscheduled updates. All updates can be installed independently or with the help of SMART business. The role of the Chief Accountant has been added for the Role Center: The specific requirements and legislative features of Cyprus have been taken into account. The role center provides the chief accountant with access to the necessary tools and reports, adapted to local accounting standards and rules. New mechanism for revaluation of B2C Transactions for EU countries: A mechanism for revaluation of B2C transactions carried out in EU countries has been developed, based on the rates of the European Central Bank. This helps ensure acc...
June 19th, 2020 5 min read
How GTDF Optimized Hotel Processes into a Unified System with SMART Localization
რუსუდან შენგელია
Rusudan Shengelia
ERP Project Manager, GTDF
How GTDF Optimized Hotel Processes into a Unified System with SMART Localization
In the hotel industry, it is important to implement the right business processes, which requires the presence of appropriate systems. The GTDF team began searching for a product that would cover their unique business needs. The main goal of this process was to select a system where each employee would be able to fulfill their role. The approach was as follows: each person who is involved in the company's processes in any way, performs the work performed by him, should be reflected in the system accordingly. Among the solutions available on the market, Business Central stood out. As a result of active negotiations with several companies, the fund finally decided in favor of SMART business. One of the main selection criteria in choosing a digital transformation partner was experience, a high...
May 27th, 2020 2 min read AppSource
SMART Retail Localization for Georgia: An efficient solution for retail businesses operating in Georgia
SMART Retail Localization for Georgia: An efficient solution for retail businesses operating in Georgia
Meet SMART Retail Localization for Georgia, a new modification of the solution that effectively optimizes the process of closing a shift, namely the creation of VAT Invoices based on Posted Open Statements. The advanced tool is specially designed for Georgian retailers. The solution is powered by LS Central, a vertical product for retailers based on Microsoft Dynamics 365 Business Central (BC). It is designed to help Georgian companies streamline their financial processes. SMART Retail Localization for Georgia is a solution that allows companies to integrate Posted Open Statements and VAT Invoice creation, which brings efficiency, accuracy, and compliance to LS Central. In addition, it ensures a seamless process for managing VAT transactions in accordance with Georgian accounting regulatio...
April 29th, 2020 1 min read
SMART Localization Release Note 2020.04
SMART Localization Release Note 2020.04
Regular upgrade of SMART Localization for Ukraine. The upgrade covers the following modules: VAT Administration; Settlements with Clients. FA Accounting; Cash Management; Purchases and Payables; Financial Reporting; HR Accounting and Payroll (staffing list, payroll calendars and documents, timesheets, vacation orders, labor contracts, payroll sheet and reporting). To learn more about the changes, please read the "Microsoft Dynamics 365 Business Central SMART Localization Release Note", a document outlining the improvements and changes in the functionality of the SMART Localization solution included in the regular upgrade 2020.04. If you would like to download the full version of the Release Note in PDF format, please click on the button below.
April 22nd, 2020 6 min read
SMART Localization Hub – Building a Global Bridge for Seamless Communication
SMART Localization Hub – Building a Global Bridge for Seamless Communication
Imagine the world as a vast network of islands, each speaking its own language. Some islands speak English, others speak Spanish, Chinese, or Arabic. These diverse languages are the tools through which people communicate, but no matter the language, the goal is the same: clear, efficient exchange of ideas and understanding. In the business world, these languages represent different country localizations and systems—each tailored to the specific needs of its island, or market. But while these languages (or systems) may differ, they all serve the same purpose: to connect people, processes, and businesses to a larger, unified world. And just as language can sometimes cause confusion when not properly understood, local systems can create challenges when they don’t align. Today’s businesses are...
February 17th, 2020 1 min read
New Monthly Reporting Forms for PIT, Military Tax, and USC in SMART Payroll
New Monthly Reporting Forms for PIT, Military Tax, and USC in SMART Payroll
On January 31, 2025, the Ministry of Finance approved an updated Tax Calculation Form for personal income, withheld taxes, and accrued Unified Social Contribution (USC). The first submission is required for January 2025, with a deadline of February 20. What’s Changing? Starting January 1, 2025, reporting for Personal Income Tax (PIT), Military Tax, and USC has become monthly. Reports must be submitted within 20 calendar days after the end of the reporting month. Order No. 39, dated January 24, 2025 (registered with the Ministry of Justice on January 29, 2025), introduces: An updated Tax Calculation Form (Ministry of Finance Order No. 4 dated January 13, 2015) with attachments D1, D2, D3, 4DF, D5, D6. A new procedure for filling out and submitting reports. New e-Formats for Reporting Submis...
July 30th, 2014 3 min read
SimCorp
Alex Matyukhin
Financial director, Ukrainian subsidiary of SimCorp
Microsoft Dynamics NAV Implementation at SimCorp
Situation At first operating activities of the Ukrainian SimCorp subsidiary were carried out in different systems. While the company was gradually developing on the Ukrainian market arose a question about the installation of the system that would create a single information environment for the conduct of financial tasks considering the national legislation. Microsoft Dynamics NAV was chosen as a corporate standard for all its subsidiaries. The key objective of the project was to create a single information environment for financial activities and to form complete and accurate reporting promptly. Solution SimCorp chose SMART business as a localization partner, because it is experienced in the automation on Microsoft Dynamics platform, what is verified by the Microsoft Gold Certified Partner...
July 30th, 2014 3 min read
Rijk Zwaan Ukraine
Antonina Solodovnik
Chief accountant, Rijk Zwaan Ukraine
Microsoft Dynamics NAV Implementation at Rijk Zwaan
Situation According to the corporate standards, in all Rijk Zwaan offices trade is conducted with the help of ABS (Agro Business Solution). Earlier in the Ukrainian office of the company Rijk Zwaan, along with ABS, 1С system was used for bookkeeping, fiscal and regulation reporting. However, the system did not meet the requirements of the company, as it did not cover half of the all business processes – all corporate reporting needed to be done in Excel, what was quite time consuming and exhausting for the employees. Rijk Zwaan’s top management decided to find an ERP-system, that would optimize the mentioned processes. The main tasks of the project were: to implement the localization for bookkeeping and fiscal accounting according to the Ukrainian standards, to optimize financial flows and...
July 30th, 2014 3 min read
Rhenus Logistics
Bogdan Onoyko
CIO, Rhenus Revival Ukraine
Microsoft Dynamics NAV Implementation at Rhenus Logistics
Situation WMS Solution (Warehouse Management System) was implemented in the company, the system providing automation of the warehouse management processes on the platform Microsoft Dynamics NAV. Due to it the whole cycle of product flow was implemented with consideration of 3PL-operator features (consolidation of freight, movement of pallets, packaging and repackaging processes, optimization of the racks, etc.). The company develops constantly, offering new services in the sphere of logistics. Often limited time is assigned to implement software, what makes it hard when the company relies solely on its own IT-department. With this regard appeared the necessity to periodically support and implement specific solutions on the base of Microsoft Dynamics NAV. Solution After the completion of th...
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