The main challenge that necessitated this research was the inefficiency of some traditional approaches to human resource management in large organizations - especially municipalities - which generally led to insufficient attention to the real value of human capital and reliance on traditional methods of attracting, retaining, and developing personnel. In response to this shortcoming, the aim of the present study is to examine the role of smart strategic human resource management and its relationship with human resource value accounting in municipalities. To achieve this goal, the researchers systematically coded data collected from semi-structured interviews with experts and organizational documents using a qualitative approach and content analysis method. Finally, 5 main themes and 125 sub-codes were identified, with three key areas of “supporting technologies”, “organizational interactions” and “strategic processes of human resource development” being particularly important in strengthening human resource value accounting. The final analyses indicate that intelligent human resource management provides the basis for a deeper understanding of the competencies and needs of municipal employees and, on the other hand, by providing accurate data on the value of human capital, it provides the basis for evidence-based financial and organizational decisions. It also became clear that in order to successfully implement this model, municipalities must have efficient digital infrastructure, collaboration between different units (human resources, finance, information technology) and a data-driven organizational culture. Comparing the present findings with previous research shows that the existence of an integrated approach between strategic human resource management and human resource value accounting plays a key role in promoting the efficiency and transparency of decision-making in municipalities. As a result, this study offers innovations such as providing an integrated framework for combining technological, managerial and cultural aspects that can be very helpful for executives in the municipal sector.