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October 7th, 2024 4 min read
October 2024 updates for SMART Accounting and SMART Payroll
October 2024 updates for SMART Accounting and SMART Payroll
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. Changes have been made to the generation of Sales Tax Invoices in accordance with the Orders of the Ministry of Finance of Ukraine No. 400 dated 04.09.2024 "On Amendments to Certain Regulatory Legal Acts of the Ministry of Finance of Ukraine" and No. 418 dated 04.09.2024 "On Amendments to the Order of the Ministry of Finance of Ukraine dated August 9, 2024, No. 400". Fields have been added for filling in information about operations for exporting goods outside the customs territory of Ukraine and for marking own agricultural produc...
October 3rd, 2024 5 min read
Introducing SMART Localization for Moldova and SMART WHT Localization for Moldova – modern solutions for solving a wide range of financial tasks of businesses in Moldova
Introducing SMART Localization for Moldova and SMART WHT Localization for Moldova – modern solutions for solving a wide range of financial tasks of businesses in Moldova
SMART business continues to implement new solutions within the framework of its strategic Localization HUB direction. The project is aimed at creating localized solutions for different markets, which helps to integrate regional business peculiarities into modern software products. SMART Localization for Moldova and SMART WHT Localization for Moldova are new solutions that help to implement this strategy. The functionality of the system allows entrepreneurs in Moldova to keep records in accordance with local legislation, ensuring accuracy and efficiency in financial transactions. The solutions are based on a deep understanding of the requirements of the local and international markets, which was formed through close cooperation with our customers in Moldova and other countries of the world....
September 18th, 2024 8 min read
How the Business Central ERP system helped the international Zolva group of companies unify business processes
Oddgeir Hansen
Oddgeir Hansen
COO, Zolva
How the Business Central ERP system helped the international Zolva group of companies unify business processes
However, significant geographic distribution created certain challenges for business management, in particular in the field of financial accounting and reporting, since the company used different IT solutions for each of the countries of presence. This complicated the accounting processes, the generation of management reports, procurement and other operational processes. In addition, each system had its own characteristics and requirements that did not meet corporate standards. Combining all management processes into a single, easy-to-analyze system created an additional burden on financial and related departments. Therefore, the company began looking for a solution that would unify and optimize all business processes, bringing them together into a single IT ecosystem. On the one hand, it...
July 29th, 2024 3 min read AppSource
SMART Customs Declaration for Georgia: conveniently manage imports and exports in one system
SMART Customs Declaration for Georgia: conveniently manage imports and exports in one system
SMART Customs Declaration for Georgia is a solution that allows Georgian companies to conveniently and efficiently manage the import and export of goods directly from Microsoft Dynamics 365 Business Central. With this extension, managers can easily assign numbers to customs documents and track the procurement process. This solution works with SMART Localization, which features rich functionality, takes into account local business requirements, offers flexible operational reporting, out-of-box customization, and continuous enhancements. How does it work? SMART Customs Declaration for Georgia simplifies and automates control of customs processes in the system. The solution allows you to assign preferential certificates and additional parameters to items, as well as customs declaration number...
July 29th, 2024 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...
July 16th, 2024 10 min read
Modern IT Ecosystem: how to identify the target growth point of your business
Modern IT Ecosystem: how to identify the target growth point of your business
On June 14, the SMART business team at a large-scale showroom of Ukrainian software SVOE.IT demonstrated a pool of its own solutions based on AI and modern Microsoft technologies for effective management of business processes. The event was set up last fall and is an initiative of Ukrainian IT companies aiming at popularizing Ukrainian software and refusing from russian software products. Volodymyr Bielov, Country Manager Ukraine in Giga Cloud, a strategic partner of the event, noted in his opening speech: “The choice of Ukrainian software is a self-investment. This is an investment in the reliability, safety and technology of business, because dozens of high-quality solutions that meet business needs have already been created in Ukraine and are in demand around the world.” This year’s ini...
July 10th, 2024 5 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 version of the Declaration of Income has been updated until the 26th according to the requirements of the order of the Ministry of Finance dated 06.03.2024 No. 111. Changes have been made to the Declaration and Appendices (AM, PN, PP, AV, VP, ZP, RI, DIIA). Forms of statistical reports have been updated according to the requirements of the order of the Ministry of Finance dated 27.11.2023 No. 659. New versions of reports have been added: S0100115 – Form No. 1. Balance Sheet; S0100215 – Form No. 2. Statement of Financial results...
July 9th, 2024 4 min read AppSource
Release of SMART Localization for Poland – a powerful solution for business management in Poland
Release of SMART Localization for Poland – a powerful solution for business management in Poland
SMART business continues to expand the capabilities of the Microsoft Dynamics 365 Business Central ERP system, which makes it possible to implement and automate business processes of production, logistics, trade, retail and other companies from different fields of activity. For 15 years, the SMART business team has been developing, localizing and implementing its own solutions based on advanced Microsoft technologies. The company’s experts are aware of the intricacies of doing business in more than 60 countries and continue to adapt their acquired experience to a wider range of regions. The new SMART Localization for Poland solution is a comprehensive tool that complements the ERP system with additional functionality for maintaining financial re...
May 27th, 2024 3 min read AppSource
SMART WHT: An effective solution for quick withholding tax calculation
SMART WHT: An effective solution for quick withholding tax calculation
Every organization is interested in optimizing its financial processes. At the same time, accountants often spend a lot of time for calculation of witholding tax (WHT) and preparing witholding Tax declarations. SMART WHT can put an end to this routine. This effective solution allows organizations quickly, flexibly, and accurately calculate WHT in accordance with the local tax code of a particular country, and easily create appropriate Tax declarations directly from Business Central. SMART WHT is a universal solution that is ready for use in any country. The only difference is that its localized versions have declarations that are customized to local requirements and comply with the regulatory form of a given country. For example, we have implemented localizations for Georgia and Azerbaijan...
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