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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 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 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 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...
March 4th, 2025 9 min read
Implementing Dynamics 365 Business Central in Czechia: An Overview of Microsoft Localization by SMART business
Implementing Dynamics 365 Business Central in Czechia: An Overview of Microsoft Localization by SMART business
Today, Czechia is a country with an EU-integrated economy, demonstrating stable growth and a dynamic small and medium-sized business sector. As forecasted by the Czech Ministry of Finance, the country’s GDP is expected to grow by 2.3% in 2025, significantly exceeding the 1.1% growth recorded the previous year. Another factor contributing to the country’s economic attractiveness is active government support. At the beginning of 2024, the government approved the creation of the State Investment and Development Agency (SIRS). Additionally, in 2024, a new Economic Strategy was adopted, comprising over 150 measures related to legislation, financing, collaboration with the business sector, and capital markets. With its economic stability, advantageous location, and strong government support, Cze...
February 24th, 2025 3 min read
SMART Schedule Rename – A Simple and Free App for Master Data Updates
SMART Schedule Rename – A Simple and Free App for Master Data Updates
Master data, which includes information about products, customers, suppliers, and employees, is used in many business processes and plays a crucial role in management decision-making. Therefore, high-quality master data ensures business control and predictability. Updating master data in response to business process changes or legal requirements; integrating data from different sources in case of company merges; rebranding or changing the name of a product or customer; and simply correcting errors made during initial data entry – these are just a few scenarios where renaming is required. Without specialized software, this process is time-consuming and prone to errors. SMART Schedule Rename Functionality The free SMART Schedule Rename application is a simple and convenient tool for automati...
February 17th, 2025 8 min read
SMART Cash Flow Release — A Solution for Effective Cash Flow Management
SMART Cash Flow Release — A Solution for Effective Cash Flow Management
SMART business continues to implement new solutions to automate key business processes. Today, we are presenting SMART Cash Flow — a comprehensive tool for effective cash flow management that provides a high level of control over the company’s financial liabilities and cash movement. With this solution, finance departments can make accurate and timely payment planning, which is critical for maintaining the stability of business processes. This tool will be especially valuable for companies that handle large volumes of financial transactions, as the system allows real-time tracking of company transactions, ensuring maximum transparency and control over financial flows. Features of SMART Cash Flow SMART Cash Flow helps optimize financial management at key stages: from planning and allocating...
February 3rd, 2025 11 min read
Implementation of SAF-T UA Reporting: What Changes Will Occur in E-Audit, and How Does Automation Ensure Readiness for Them?
Implementation of SAF-T UA Reporting: What Changes Will Occur in E-Audit, and How Does Automation Ensure Readiness for Them?
Today, integrating the best international practices into Ukraine’s tax system focuses on developing e-audit, which enhances transparency in working with financial reporting. Let’s delve into the details of implementing the Standard Audit File for Tax, or SAF-T – a file format developed by the Organization for Economic Co-operation and Development (OECD) to standardize tax reporting and facilitate audits by tax authorities. The SAF-T format has already proven its effectiveness in many countries, including Portugal, France, Luxembourg, Austria, Germany, and others. SAF-T UA could become a powerful tool for Ukrainian businesses, reducing costs for both the state and companies while improving the efficiency of the State Tax Service (STS). Moreover, the SMART SAF-T UA solution will help compani...
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