SAP Smart Forms is a tool used for creating and maintaining forms and printouts. It offers a graphical user interface for designing forms, enabling users to easily define layout, text, and graphics. Smart Forms allow dynamic data population and conditional formatting, supporting various output formats like PDF and HTML. They streamline document generation processes by integrating with other SAP modules and business processes. Smart Forms provide flexibility and customization options, facilitating the creation of professional-looking forms tailored to specific business needs, enhancing communication, and improving efficiency within organizations.