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November 22nd, 2023 2 min read AppSource
Release of SMART Localization for Cyprus
Release of SMART Localization for Cyprus
Introducing SMART Localization for Cyprus, a SaaS product that extends the core functionality of Business Central to automate standard tasks associated with operating and managing a business in Cyprus. The solution is developed taking into account local accounting features and legal requirements. SMART Localization for Cyprus can be useful for both public and commercial companies. How does it work? SMART Localization for Cyprus is based on Microsoft Dynamics 365 Business Central. The primary goal is to automate the recalculations and adjustments of VAT transactions based on the customs exchange rates in compliance with local regulations, as well as to facilitate the generation of VAT declarations. Product’s functionality makes it possible to build more automated, easily controlled and veri...
October 23rd, 2023 2 min read AppSource
Master data management in holdings with SMART MDM
Master data management in holdings with SMART MDM
For large holdings, especially international groups of companies, centralized management of master data and accounting policies can be a serious challenge. SMART Master Data Management is a new product designed to solve exactly this task. It extends the capabilities of Microsoft Dynamics 365 Business Central and greatly simplifies the system deployment in enterprises with a branched structure. How does it work? The SMART MDM functionality allows you to create directories of master data – such as vendors, customers, product items, etc. – in a centralized way with their subsequent controlled distribution throughout all organizations of the group. To do this, you need to set up a data set in the main company and replicate it to the receiver companies. In this case, you can create a multi-leve...
October 17th, 2023 2 min read AppSource
Convenient management of employee work operations with the SMART Employee Self-Service extension
Convenient management of employee work operations with the SMART Employee Self-Service extension
SMART Employee Self-Service is a solution that allows employees to conveniently and effectively manage their work activities directly through their personal Role Centers in Business Central. With this extension, employees can easily submit and approve absence requests, check vacation balances, access accrual and payment information, and much more. How does it work? SMART Employee Self-Service simplifies and automates most routine operations that previously required a lot of time and effort. Employees have quick access to the necessary information, can independently create absence requests, and receive data on the current vacation balance, which minimizes the likelihood of errors. The solution also allows you to customize workflows to suit business needs, making it easy to adapt to specific...
October 16th, 2023 9 min read
Automated work time tracking: speed without errors
Automated work time tracking: speed without errors
Keeping track of employees' work time is an arduous and responsible task that requires accuracy and can take quite a lot of time. Large enterprises with complex structures and varied work schedules even introduce a separate position for an employee performing exclusively this important function. However, modern IT solutions are radically changing the rules of the game. In automated systems, time tracking is instant, error-free and requires minimal human intervention. In this article you will learn how such systems work and what their features and benefits for organizations are. New level of HR record keeping efficiency Work time tracking is closely connected with other related operations, such as payroll, vacations, sick leave, and generating accounting reports, etc. IT solutions for HR re...
October 10th, 2023 5 min read
SMART Localization Release Note 2023.10
SMART Localization Release Note 2023.10
Solutions for Ukraine, Azerbaijan and Georgia are updated every 3 months. If changes in the Legislation are of an urgent nature, SMART business issues urgent unscheduled updates. All updates can be installed by yourself or with the help of SMART business. The printed form of the Advance Report has been updated in accordance with Order of the Ministry of Finance dated 09.05.2023 No. 239. The Declaration of Corporate Income Tax, as well as its annexes (AM, VP, DIIA, PP, PN, RI, AB and ZP), have been updated in accordance with the order of the Ministry of Finance dated 20.02.2023 No. 101. Changes have been made to the generation of the VAT Declaration. Annex 5 has been amended regarding the calculation of the amount of VAT not paid to the budget due to receiving a tax benefit. Changes have be...
September 21st, 2023 2 min read AppSource
Optimize signing of electronic documents with the SMART DocFlow for Payroll extension
Optimize signing of electronic documents with the SMART DocFlow for Payroll extension
Optimizing business processes and freeing resources from routine tasks is one of the priorities of an entrepreneur and, accordingly, the potential for business growth these days. SMART DocFlow for Payroll is designed to automate electronic document flow. Using this tool, you will be able to establish processes for signing HR and Payroll electronic documents generated in SMART Payroll through Vchasno. How does it work? SMART DocFlow Payroll allows you to send contracts, HR orders, invoices, acts to Vchasno and sign them directly in SMART Payroll. In the future, the list of documents and services can be expanded. Functionality: Flexible settings for templates, order texts and sending documents. Possibility of sending a document to Vchasno to be signed by different responsible persons. Possib...
September 14th, 2023 6 min read
ERP system for small businesses: myths, main benefits and useful functionality
ERP system for small businesses: myths, main benefits and useful functionality
Before we look in detail at the functionality and benefits of using ERP systems for small businesses, let’s first debunk a couple of common myths about these solutions. Myth 1: ERP is only for large companies There is still a misconception in the business environment that ERP systems (Enterprise Resource Planning systems) are designed for large manufacturing enterprises. In the early 90s, these solutions were actually developed for international industrial corporations. However, they are now successfully used by companies of different sizes and industries. For example, the majority of Microsoft Dynamics 365 Business Central users are small and medium-sized businesses. Myth 2: ERP is expensive and complicated Another misconception is that ERP implementation is too expensive and complex for...
September 7th, 2023 7 min read
Productive capacity: how ERP systems improve manufacturing efficiency
Productive capacity: how ERP systems improve manufacturing efficiency
Historically, ERP systems were created for production planning. Nowadays, they are used in various industries, but manufacturing companies remain their main users. Moreover, the demand for these solutions continues to grow which is caused by their recognized effectiveness. Let's try to understand how an ERP system for manufacturing functions and how production processes are optimized. What is an ERP system and what is its key value? An ERP system is a set of interconnected modules, each of which is responsible for a specific area of business such as finance, accounting, sales, production, warehouse and inventory management, marketing, etc. Moreover, companies can expand the functionality of the solution, flexibly adjusting it to their needs. For example, the number of extensions that can b...
September 5th, 2023 2 min read
Meet SMART WMS: a comprehensive warehouse management solution from SMART business
Meet SMART WMS: a comprehensive warehouse management solution from SMART business
In today’s business environment, where efficiency and speed of decision-making are key components of success, warehouse management optimization is becoming increasingly important. Maintaining the smooth operation of logistics processes, minimizing costs, and maximizing the use of resources are becoming crucial tasks for businesses of all sizes. Based on the current context, we have created SMART WMS, a comprehensive solution for automating and optimizing warehouse management processes. Learn more about SMART WMS This is a warehouse management system that provides transparency in business processes, speeds up warehouse operations, and increases warehouse throughput. The solution extends the standard capabilities of the ERP system. Business Central allows you to consolidate data and see deta...
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