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April 10th, 2025 6 min read
The Release of the SMART Reserves Solution – A Comprehensive Tool for Automating the Management of the Company’s Receivables
The Release of the SMART Reserves Solution – A Comprehensive Tool for Automating the Management of the Company’s Receivables
Managing receivables is one of the key tasks for a company’s financial departments. Delayed payments can lead to cash flow gaps, difficulties in financial planning, and liquidity losses. Given these challenges, SMART business continues to expand its portfolio of solutions based on the Microsoft Dynamics 365 Business Central ERP system, developing new tools to automate financial processes. Today, we present to you the SMART Reserves solution for creating a provision for doubtful debts – a comprehensive tool that allows businesses to effectively control the process of managing the company’s current receivables. How Does SMART Reserves Work? The solution provides end-to-end control over unpaid invoices, deviations from the initial contract terms, automatically calculates the provision for dou...
April 10th, 2025 13 min read
The Synergy of AI and ERP: How Proper Data Management Boosts Business Efficiency
The Synergy of AI and ERP: How Proper Data Management Boosts Business Efficiency
“The changes brought by artificial intelligence and machine learning will help the companies that embrace them and create barriers for those that do not,” – Jeff Bezos Today, artificial intelligence (AI) is not just a technological trend; it is a necessity for businesses striving for efficiency, scalability, and a competitive edge. According to PWC, 54% of company executives report that AI has already significantly boosted their business productivity. And this is just the beginning – it is projected that from 2023 to 2030, the average annual growth rate of the AI industry will reach 37.3%. However, just like a hammer that can help a skilled craftsman build a sturdy structure but remains just a piece of metal in untrained hands, AI only works when managed correctly. The primary “building ma...
April 4th, 2025 5 min read
April 2025 updates for SMART Accounting and SMART Payroll
April 2025 updates for SMART Accounting and SMART Payroll
Solution 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 printed form of TTN and electronic TTN has been updated in accordance with the Order of the Ministry of Community and Territorial Development of Ukraine dated November 14, 2024, No. 1332, effective from January 3, 2025. In the “Check created VAT invoices by lines” page, the "Alignment of Item Customs Category Codes”, “Alignment of Service Codes DKPP”, and “Alignment of Imported Item Attributes” columns have been added, which will display notifications about inconsistencies between the Customs Category Codes, Service Co...
April 3rd, 2025 5 min read
SMART Procurement Launch – A Solution for Automation and Transparency in Company Procurement Processes
SMART Procurement Launch – A Solution for Automation and Transparency in Company Procurement Processes
SMART business continues to expand its portfolio of in-house solutions for various business areas, addressing the needs of its clients and the international business community. Today, we are pleased to announce the launch of SMART Procurement, a comprehensive new tool designed to automate the procurement of goods and services within the company. This solution enhances the functionality of Microsoft Dynamics 365 Business Central ERP and plays a crucial role in the strategy of building a unified digital IT environment. It aims to accelerate and simplify key business processes, improving their efficiency and transparency. Key Features of SMART Procurement and the Challenges It Solves SMART Procurement optimizes complex procurement department processes and provides end-to-end control – from cr...
March 31st, 2025 2 min read
Minor Update 2025.01/4 for SMART Accounting
Minor Update 2025.01/4 for SMART Accounting
We are pleased to announce the release of Minor Update 2025.01/4. This partial update addresses issues identified after the release of version 2025.01 and includes tasks related to legislative changes, as well as improvements in overall system performance and stability. Key changes: The “Suggest Vendor Payments” functionality in the bank payment journal has been enhanced to exclude “General Purchase Order” documents from the list of purchase orders suggested for payment in the “Released” status. The ability to allocate additional expenses to fixed assets based on the purchase amount has been added when both the purchase and expense allocation are performed in a single purchase document. The generation of G/L entries for Assembly Orders has been implemented in both preview mode and during p...
March 27th, 2025 5 min read
Introducing SMART IFRS16 Leasing — A Lease Management Automation Solution
Introducing SMART IFRS16 Leasing — A Lease Management Automation Solution
SMART business continues to develop tools that enhance the functionality of the Microsoft Dynamics 365 Business Central ERP system. Today, we present SMART IFRS16 Leasing, a solution designed to automate the management of land, vehicle, and property leases. This software enables lessees to efficiently handle all aspects of lease accounting, minimizing the risk of human errors while significantly increasing the accuracy and speed of data processing. By automating key processes such as leasing object card creation, payment scheduling, and contract management, users can streamline their work while reducing the need for manual operations. The solution serves as a universal tool for various leasing agreements, supporting not only monetary but also non-monetary payments. Key Features of SMART IF...
March 21st, 2025 3 min read
Minor Update 2025.01/1 for SMART SAF-T for Ukraine
Minor Update 2025.01/1 for SMART SAF-T for Ukraine
We announce the release of Minor Update 2025.01/1 for SMART SAF-T for Ukraine. This partial update addresses issues identified after the release of version 2025.01 and includes tasks related to legislative changes, new clarifications from the State Tax Service (STS), and overall improvements in system performance and stability. More about the updates: Entries where the Amount equals zero and ACY Amount does not equal zero have been excluded from the “Information on Accounting Memos and Other Primary Documents” section. A filter has been added to exclude the following document types from the Audit File Export Document: Posted Service Invoices, Posted Purchase Invoices, and Posted Sales Invoices with Source Code = Deletion. In the Audit File Export Settings, when the “Exclude accountable per...
March 12th, 2025 2 min read
Minor Update 2025.01/3 for SMART Accounting
Minor Update 2025.01/3 for SMART Accounting
We would like to inform you about the release of Minor Update 2025.01/3. In short, this partial update addresses issues identified after the release of version 2025.01 and includes tasks related to legislative changes as well as improvements in overall system performance and stability. Now, let’s dive into the details. Key changes: A sign error in the amount when importing bank statements in the Alfa DAT format has been fixed. The format has been renamed to SENSE DAT. An issue with quantity display in posted sales invoices and sales amounts excluding VAT in the “Verification of Created VAT Invoices by Line” report has been fixed. An issue related to missing permissions when changing the additional reporting currency has been fixed. An error in calculating the sales amount for partial shipm...
March 7th, 2025 3 min read
SMART Payroll Connector for HiBob: integration of a leading payroll system with a popular HR platform implemented
SMART Payroll Connector for HiBob: integration of a leading payroll system with a popular HR platform implemented
SMART business has developed the SMART Payroll Connector for HiBob. This effective integration tool based on a modern approach to data management is another step towards automating and optimizing HR processes. The solution allows you to automate the transfer of data from the popular HiBob HR platform to the SMART Payroll application and ensures the creation of corresponding processes in the SMART Payroll system based on the information received. This functionality minimizes the amount of routine manual work, and therefore the risk of errors associated with manual data entry, and avoids duplication of information in two systems. SMART Payroll Connector for HiBob is an indispensable tool for companies seeking maximum accuracy, transparency, and efficiency of business processes. What opportun...
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