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4 min read
schematic representation of a decision tree
Getting Strategy Right: Avoiding 5 Key Management Pitfalls
From a process-oriented perspective, strategy management is one of the foundational business processes. It involves deliberate and purposeful planning of initiatives aimed at achieving objectives and delivering the intended results. Companies invest significant time and effort in regular strategic sessions and team-building activities, yet roughly two-thirds of all initiatives either fail to reach completion or are delayed to the point of losing relevance. Why does this happen? Often, companies simply do not understand the essence of the strategic management process, its components, and how they interconnect. There is no perfect model of strategic management, but there are several common mistakes that organizations tend to make in this process. Key Management Pitfalls Misunderstanding the...
10 min read
The image schematically shows two project management methodologies: Agile VS Waterfall
When Agile Works and When It Doesn’t: Myths and Real Constraints
When Agile Works and When It Doesn’t: Myths, Limitations, and Real Business Effectiveness Agile has become one of the most frequently mentioned approaches to project management. It is seen as a tool for enhancing organizational agility and responsiveness to change, as well as a way to execute projects faster and more efficiently. The use of Agile in individual projects, its conditions and limitations, and the key differences between applying “agile” and “waterfall” approaches to project management are the focus of this article. Project Types According to project management standards, projects can be classified by product development life cycle into the following types: Plan-driven — projects whose main constraints are planned (with some allowable deviations) at the initial planning stage a...
3 min read
SMART SAF-T UA Release October 2025
SMART SAF-T for Ukraine is an integrated solution built on the functionality of Microsoft Dynamics 365 Finance and Operations Applications. It automates the generation of SAF-T reports in Ukraine in accordance with the format approved by the State Tax Service and fully meets electronic audit requirements. The SMART SAF-T for Ukraine solution (hereinafter — SMART SAF-T UA) is designed in line with all current requirements of the State Tax Service of Ukraine, international e-audit standards, and applicable legislation. The implementation of SMART business’s solution for SAF-T UA data preparation and report generation includes the following steps: Identifying data sources for all components of the Report. Analyzing the current system configuration. Assessing data completeness when not all dat...
10 min read
the visual shows several blocks symbolizing different industries: a man in a warehouse, packaged pills, a car frame on a production line, people sitting in an office at a round-table meeting, and a man wearing a white mask and lab coat on a manufacturing site
Microsoft Dynamics 365 Finance and Operations Applications: Success Stories from Our Clients Across Industries
In today’s business environment, where the pace of change and competition increases daily, companies need not just automation tools, but reliable and scalable solutions that provide process transparency and measurable results. One such solution is Microsoft Dynamics 365 Finance and Operations Applications — an ERP system that helps efficiently manage finance, manufacturing, inventory, sales, assets, expenses, retail operations, budgeting, projects, warehouse logistics, transportation, packaging, customer relationships, human resources, and other operational activities. In this article, we share real implementation stories of Microsoft Dynamics 365 Finance and Operations Applications (formerly Axapta) carried out by the SMART business team. Mineral Water Producer: Large-Scale Digital Transf...
2 min read
SMART Accounting for Poland: Key Updates for October 2025
SMART Accounting for Poland within Microsoft Dynamics 365 Finance and Operations Applications is a localization solution that extends the system’s standard functionality to ensure compliance with Polish statutory accounting and tax requirements. The solution covers the following business processes: VAT Accounting: Domestic supply of goods and services within Poland Export of goods outside the European Union Import of goods from non-EU countries Intra-Community acquisition of goods (imports from EU countries) Intra-Community supply of goods (exports to EU countries) Statutory VAT Reporting Forms: Register of incoming VAT invoices Register of outgoing VAT invoices VAT Declaration Integrations: Configuration of bank integration using the standard embedded mechanism of Microsoft Dynamics 365 F...
16 min read
A laptop placed on a case with an open SAF-T UA report file on a blue background, surrounded by a circle of stars resembling the EU flag
SMART SAF-T UA: European Reporting Standards Now in Ukraine — First Steps Toward Implementation
Ukraine continues to take consistent steps toward EU integration, and one of the key elements of this process is the introduction of the SAF-T UA audit report — aligned with the international standard for electronic exchange of reliable accounting data, developed based on the recommendations of the Organization for Economic Co-operation and Development (OECD). Over the past ten years, the SAF-T standard has proven its effectiveness in EU countries, ensuring a more transparent and automated format of interaction between businesses and tax authorities. SAF-T UA is the Ukrainian version of the Standard Audit File — an electronic file with a standardized structure containing data exported from the accounting system on the availability and status of assets, equity, and liabilities, as well as i...
15 min read
Візуалізація етапів розвитку від Axapta до Microsoft Dynamics 365 Finance and Operations Applications
The Evolution of Microsoft Dynamics AX
The global ERP market continues to grow. According to Fortune Business Insights, in 2024 it reached $81.1 billion, and by 2032 it is expected to expand to $229.8 billion. This dynamic growth is driven by business demand for transparent, scalable, and flexible solutions that allow companies to manage processes within a single environment. From Axapta to Microsoft Dynamics 365 Finance and Operations Applications: A Brief History One of the core transformational ideas behind Microsoft’s strategy is the concept of updates as a systemic rethinking. It’s not only about technical product updates, but also about a reset in mindset, approaches to innovation, and ways of engaging with customers. This philosophy has shaped the evolution of one of the world’s most popular ERP systems — from the on-pre...
4 min read
How to Make Decisions in Times of Uncertainty: Highlights from Brave CFO Gathering 2025 by SMART business
On June 6, 2025, Brave CFO Gathering took place in Kyiv — the first event in the 23rd Ukrainian CFO Forum series. Since 1997, this annual gathering, unlike any other in Ukraine, has brought together CFOs and C-level economic professionals to jointly shape strategies for financial management development. The central theme of the June conference was decision-making in the face of constant economic, political, and technological change. CFOs and tech specialists came together to discuss challenges and share practical experiences, tools, and technologies that help them stay effective even in times of instability — amid market volatility, inflation risks, supply chain disruptions, legislative shifts, digital transformation, and more. More than 25 speakers and over 300 delegates participated in d...
1 min read
Overview of SMART Accounting for Ukraine within Microsoft D365FO Apps
"This presentation covers the essence and architectural concept of SMART Accounting for Ukraine, designed to adapt Microsoft Dynamics 365 Finance and Operations Applications to meet Ukrainian legal and regulatory requirements. The solution ensures compliance with local accounting standards (R(S)A), IFRS, and the Tax Code of Ukraine by providing functionality for VAT accounting, regulated reporting, and accurate accounting entries. Comprehensive Compliance and Practical Implementation Explore the key features that enable seamless preparation of accounting documents, including printed forms in Ukrainian and proper account correspondence. The presentation also includes demonstrations of SMART Accounting for Ukraine capabilities and practical scenarios for implementing the solution in organiza...
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