Adistec Corp. has streamlined its business operations in Latin America, thanks to a successful localization drive with the help of Oracle+NetSuite and LatamReady. Adistec is a Miami-based IT solutions company that specializes in hardware, software and added-value services, Adistec is one of the most-recognized value-added resellers (VARs) in various Latin American countries.
The secret behind their success? Oracle+NetSuite — the flexible enterprise resource planning (ERP) product that bursts to the brim with business management features. This platform offers ten times more resources than its nearest rival and integrates cloud, social and mobile technologies to facilitate business growth. More than 40,000 companies worldwide use Oracle+Netsuite to expedite financial statement management, e-invoicing, and general ledger.
LatamReady, a software-defined networking and implementation partner based in Miami, helped Adistec streamline finance, tax and localization requirements in Latin America with its LatamReady SuiteApp, which works inside NetSuite. The company has worked with businesses in the region since 2009 and supported Adistec, who wanted to establish a client base in multiple Latin America countries.
Overcoming Business Challenges in Latin America
Before Adistec partnered with Oracle+NetSuite and LatamReady, the company faced significant challenges in Latin America. They struggled to consolidate transactions and ensure information was consistent. “We used to operate with local software packages and countless spreadsheets to manage estimates, sales, purchases, and accounting,” said a company spokesperson. “Having found a specialized partner as dedicated as LatamReady allowed us to complete the development and implementation of localizations at a record-breaking speed.”
Adistec chose to implement Oracle+NetSuite ERP because of its cloud capabilities, which allows the company to standardize operations and enhance the transactions of its subsidiaries in Latin America with just an internet connection. Without multiple pieces of complex software, Adistec can maximize operational efficiency and simplify day-to-day business tasks. As a result of Oracle+NetSuite Latin America implementation and LatamReady support, the company now meets the needs of its clients in the following countries: Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Mexico, Panama, Paraguay, and Peru.
“To date, there are more than 180 people working with Oracle+NetSuite throughout Latin America every day,” says a company spokesperson. “We attend to the needs of distribution, logistics, marketing and financing for solutions and services of software, hardware, education, professional and cloud services.”
Taking Control of Business Operations
Although they considered several software solutions, Adistec settled on Oracle cloud and NetSuite LatAm because it allowed them to take control of their operations in multiple countries from their Miami headquarters. Now, all their employees at their main base and Latin American offices have access to the same-real-time information, such as sales, costs, purchases, inventories, collections, payments, forecasts, balances and more.
“In 18 months, we managed to issue the first financial statements of our subsidiaries [in Latin America] and then produce the consolidated results of the entire organization,” says a company spokesperson.
Of course, all of this was possible because of the partnership between Adistec and LatamReady. A team of around ten people established the core objectives of the project, which involved incorporating Oracle and NetSuite ERP into Adistec’s business model. LatamReady was able to customize the software to include sales prices, import duties and taxes in each Latin American country where Adistec has subsidiaries. Adistec also benefited from personalized forms, reports, specialized fields and search functions within the software.
“Our professional growth continues, and we know we’ll face great challenges in each country where we plan to open a business,” says an Adistec spokesperson. “But we are convinced that we have a solid platform and a great team that can meet these challenges. We’ve recently opened new subsidiaries in Brazil and Bolivia, where we will implement Oracle+NetSuite, too.” The company will also specialize in financial consolidation through multi-booking functionality.
Adistec, established in 2002, represents a wide range of brands including Cisco, Fortinet, Kaspersky, NetApp, Symantec, WMWare and more.
How LatamReady Has Transformed Financial Management in Latin America
LatamReady has localized Oracle+NetSuite for Latin America, allowing its clients to automate financial reports, comply with local legislation, manage tax processes, access financial information in the cloud and improve auditing methods. Consequently, local businesses in the region can maximize productivity and create better connections with their clients.
LatamReady specializes in multi-Latin localizations in the following markets:
- Costa Rica
- El Salvador
Oracle+NetSuite Latin America, with support from LatamReady, has transformed the way Adistec operates in Latin America. The company has improved many of its operations and simplified tasks. As an ERP provider for nearly two decades, LatamReady provides businesses like Adistec with a fast, effective financial management and tax compliance solution.