1. A computer implemented system for facilitating configuration, data tracking and reporting for data centric applications, comprising: a metadata driven database server comprising application data repository and system data repository, wherein said system data repository is adapted to host metadata, said application data repository is adapted to host application data for a plurality of tenants, said application data is divided into resources and said resources are further divided into attributes; a data security unit co-operating with said database server adapted to provide object level, attribute level and record level security for said application data; a plurality of units co-operating with said data security unit to access said database server and adapted to provide data configuration, tracking and reporting functionalities; and a web based browser co-operating with said database server, said data security unit and said plurality of units adapted to authenticate users and derive their portal role information and further adapted to display personalized workspace for authenticated users and still further adapted to provide authenticated users secure access to said plurality of units based on said portal role.