During the event “HR accounting and payroll in ERP Business Central” Vyacheslav Rabchenyuk, Product Owner at SMART business, demonstrated the capabilities and functional advantages of SMART Payroll solution — a localized application of Microsoft Dynamics 365 Business Central ERP system. SMART Payroll is a solution for payroll and HR accounting in compliance with the current labor standards of Ukraine, which is fully adapted to the local requirements of tax law.

This is a solution for businesses that prefer the path of European integration, scaling or refusal to use the unreliable russian software, and switch to accounting systems recognized in the countries of the world. There are several objective reasons that support such a step. The first one is related to information security, namely: prevention of risks related to internal company data leakage, transparency of processes and information processing for international auditors, and risks related to the termination of updating russian IT solutions for the Ukrainian market. Secondly, moral factors, such as refusal to buy all russian products not to sponsor the aggressor-country and understanding the need for diversification.

When it comes to the most relevant prerequisite for changing the system, as opposed to russian systems, SMART Payroll eliminates a range of risks, as:

•  security guarantees are provided by Microsoft,
• the system is regularly updated and provides for the release of improvements,
• the system can be easily customized at the request of the client,
• the system is based on Business Central that enables accounting and reporting under IFRS. 

As we mentioned at the previous events, Microsoft announced this summer that it supports Ukrainian business and offers 80% discount on the regular price of Microsoft Dynamics 365 Business Central ERP licenses. SMART business partners are ready to provide the same discount for a range of their services to promote the development and expansion of Ukrainian business in Europe. We believe that domestic companies should get ready for changes already now, as Ukraine's integration into the European economic space is obvious and it is only a matter of time. We are currently witnessing an unprecedented window of opportunities for Ukrainian companies, but along with opportunities, we should be ready for new challenges.

We would like to note that it is a good idea to start the implementation of a new ERP-system with the module of payroll and HR accounting, as this area of accounting is relatively self-sufficient and can be the first stage of Business Central implementation at your company along with any other accounting system. In doing so, all the main technical capabilities of Business Central are implemented, that can be further used in the next steps of ERP-system deployment and its localization.

BDO's partnership with Microsoft at the global level and BDO in Ukraine's partnership with SMART business within Ukraine allows us to provide all the required technical support and tools to expand your business quickly and efficiently to the European market.

Learn more about services and solutions in digital technologies from BDO in Ukraine, as well as order a consultation, where we will be glad to answer all your questions.