Abstract: A user definable closed computerized smart system to emulate the day-to-day continuous operation of business environments with minimal human intervention. A simple and efficient mechanism for defining and updating recurring business cyclical activities is provided. A system is provided for tracking all predefined pending activities and events, storing and retrieving appropriate information in a relational knowledge base. A delay-pending feature is taught that modifies pending activities and events, relative chronologically to other business activities and events. An expert feature for effectuating certain predictable logical and intuitive behavior based upon rules stored in a knowledge base is also provided. An update fields methodology is also provided for maintaining and changing data in individual knowledge base records on the basis of dynamically changing circumstances.