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January 30th, 2025 4 min read
The Importance of Updating an ERP System for Business Development
The Importance of Updating an ERP System for Business Development
In today’s fast-paced business environment, maintaining an updated ERP system is not just a technical necessity but a strategic imperative. Drawing on SMART business`s many years of experience working with international and local clients across various industries and countries, we have seen firsthand how an updated ERP system can significantly contribute to business growth and efficiency. From our perspective, companies that embrace regular, incremental updates to their ERP systems avoid the pitfalls of technical debt and functionality gaps. These businesses follow a steady path of progress, making small but consistent improvements with each system update. In contrast, other companies take the opposite approach – freezing the update process for several years and then undertaking a massive...
December 16th, 2024 4 min read
Challenges of the Digital Age and the Role of ERP Systems in Business Success
Challenges of the Digital Age and the Role of ERP Systems in Business Success
Technological progress and emerging challenges demand complete automation of business operations. Systems based on outdated approaches are losing relevance as they fail to meet the requirements of the modern world, where technologies are evolving rapidly, and new products and business models are constantly being created. Consequently, the demand for entirely different systems is growing. In many countries, this transformation is happening gradually. Businesses are transitioning from traditional systems to modern, advanced solutions that offer not only software for accounting and reporting but also comprehensive systems to support the business as a whole. What does this mean? Modern businesses require new tools to tackle essential tasks and overcome challenges. Accounting is no longer a sta...
December 10th, 2024 3 min read
Microsoft announces changes to the upgrade process from spring 2025
Microsoft announces changes to the upgrade process from spring 2025
Microsoft has announced that the recently released version of Business Central BC25 will be the last one to which you can directly upgrade from versions BC14-24. Starting with version 26, scheduled for release in March-April next year, an additional step will have to be taken when upgrading from versions prior to BC25. More about the new Business Central version upgrade process in the context of “what it was – what it will be” Microsoft Dynamics 365 Business Central (BC) is a popular solution for small and medium businesses, which is constantly updated to improve functionality and security, and compliance with regulations. Users have the option to upgrade their Dynamics NAV or Business Central to any existing release using the following scheme: BC14 – BC24 -> BC-latest Dynamics NAV (pre...
November 15th, 2024 1 min read
Update of the SAF-T UA 2.0 file from the State Tax Service: SMART business is preparing to adapt the solution to new requirements
Update of the SAF-T UA 2.0 file from the State Tax Service: SMART business is preparing to adapt the solution to new requirements
On November 6, 2024, an updated version of SAF-T UA 2.0 was published on the State Tax Service website. The changes are aimed at improving the exchange of information between taxpayers and government agencies in the context of submitting SAF-T UA reports. SMART business has already carefully studied the innovations and highlighted the main updates: Version 2.0 adds new fields to most sections of the report and clarifies and changes the logic for displaying information in existing fields. The required nature of some fields has been reviewed and the conditions under which it is necessary to display information or under which it can be displayed optionally have been clarified. Numerous clarifications have been made regarding field validation, and mechanisms for checking the balance of amounts...
October 28th, 2024 12 min read
ERP system with localization for Polish tax legislation from SMART business – a real competitive advantage for local business
ERP system with localization for Polish tax legislation from SMART business – a real competitive advantage for local business
SMART business, as a key Microsoft Solutions partner, has been helping its customers around the world achieve their business goals for 15 years. From year to year, we are increasing our cross-industry expertise and ability to organize business processes in accordance with local business conditions in various jurisdictions. With customers in 65 countries around the world and physical offices in Georgia, Azerbaijan and Ukraine, in 2022 we opened another one – in Warsaw, thus adding a new region of presence. Before that, the company already had the experience of operating in Poland for a few years and we saw a demand from local businesses for the expertise of our team. After all, a modern ERP system from SMART business is not only an opportunity for local companies to maintain accounting...
October 8th, 2024 9 min read
Empower Your Future in the Digital Era with SMART Academy
Empower Your Future in the Digital Era with SMART Academy
Curiosity has always been a driving force behind human progress, fueling our desire to achieve more, overcome new challenges, and unlock new possibilities. At the heart of this quest is knowledge – an incomparable source of power that shapes our ability to adapt and thrive. In today’s rapidly digitalizing world, staying ahead demands more than just ambition; it requires a constant upgrade of skills. This is where SMART Academy steps in, offering a unique opportunity to harness the power of modern technology. SMART business, a global leader in digitalization, is dedicated to sharing its invaluable experience and cutting-edge skills that drive modern business success. By leveraging world-leading and secure Microsoft technologies, our Digital ERP Academy for Accounting and Payroll provides pr...
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....
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...
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