Oracle+NetSuite Implementation Challenges in Latin America for US+International corporations

The Challenge of Latin America

Even with the latest enterprise resource planning software at one’s disposal, abiding by and accounting for the various tax laws and regulations throughout Latin America can be a major challenge for multinational companies operating in the region. This presents multinational companies with substantial obstacles even after investing heavily in the global version of NetSuite (NetSuite OneWorld).


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LatamReady and Oracle+NetSuite Offer Experience and Flexibility for Electronic Invoicing in Latin America to US+International corporations

Given market changes, proximity to, as well as substantial economic ties with its northern neighbor, Latin America continues to be a crucial area for US, UK and international business growth. As both large and small companies continue to expand into the region, the challenges of working with multiple companies, suppliers, and markets in a region with such diverse legal regulations are increasing. In fact, there is an immediate need for businesses to have a seamless electronic invoicing system in place, one that can work with the laws of each country and be completely integrated with a top Enterprise Resource Planning software as NetSuite.


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Oracle+NetSuite Implementation and Localizations for US+International corporations doing businesses in Chile

LatamReady, a Oracle+NetSuite Partner since 2009, offers a simple and effective way to implement Oracle+NetSuite in Chile and Latin America, become compliant with Chile’s electronic invoicing and local regulations.


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Oracle+NetSuite Cloud ERP: Simplify legal the legal compliance of your subsidiary in Colombia

In April 2016, Colombia’s Dirección de Impuestos y Aduanas Nacionales (DIAN), or

National Taxes and Customs Direction, the country’s taxing authority, began a national electronic invoicing pilot program. The program has been in the planning stages for

many years — in February 2016 they released the technical specifications for the

model, detailing things that organizations needed to be cognizant of when

implementing E-invoicing.


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LatamReady simplifies Oracle+NetSuite Cloud ERP implementation for US+International corporations with operations in Argentina

In 2014, the Administración Federal de Ingresos Públicos (AFIP) mandated electronic invoicing for all companies doing business in Argentina. Although a few extensions were granted to particular industries and corporations, those extensions expired, and all companies were expected to be fully compliant by July 2015. At the time, many Latin American countries were mandating similar electronic invoicing requirements, resulting in many multinational companies scrambling to meet the deadline.


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LatamReady SuiteApp Brings Oracle+NetSuite to Peru for US+International Corporations

Oracle+NetSuite is a leading provider of ERP software worldwide, and nothing supports this contention more than their footprint in Latin America.  Their dedication to providing compliant, accessible financial software via their LatamReady SuiteApp is how they’re able to deliver the most successful application on the market. LatamReady is supplying full NetSuite implementations to meet the needs of Latin America like no other Cloud ERP solution provider.


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LatamReady prepares US+International corporations with operations in Mexico for getting ready to e-Invoicing directly from Oracle+NetSuite

In 2013, the Mexican Congress approved a series of tax code modifications that included the requirement for organizations to file accounting records via electronic media. As of January 2014, the use of electronic invoices became mandatory for organizations generating more than 250 000 pesos annually under the CFDI (Comprobante Fiscal Digital por Internet) – the electronic billing system defined by the Mexican federal code. The accounting records required by this code demand substantial information, further complicated by ongoing resolutions passed by the Tax Administration Service. This poses a particular problem for multinationals in Mexico.


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NetSuite Business Intelligence Takes Over Latin America

LatamReady is delivering the finest in Enterprise Resource Planning (ERP) software to over 12 Latin American countries with their partnership with Oracle+NetSuite. They provide One Key to Open LatAm via NetSuite combining compliancy for the specific and specialized financial requirements for companies operating in Latin America.  LatamReady SuiteApp helps Latin American organizations with ERP software that supports tax laws and localization requirements so their operations run smoothly and are reliably in order.


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How Oracle+NetSuite Cloud ERP & LatamReady Simplify Financial Statement Management for US+Latin American Businesses

Cash flow, income statements, general ledger — financial reporting doesn’t have to be taxing. Oracle+NetSuite Cloud ERP & LatamReady provide corporate solutions for more than ten countries in Latin America, optimizing their day-to-day business tasks and streamlining financial planning. Certified by Oracle and NetSuite as part of the Built For NetSuite program, the LatamReady SuiteApp provides businesses with local tax rules that put them one step ahead of their competitors. The result? More organizations in Latin America can benefit from real-time financial analysis and access valuable monetary insights. Here’s how the LatamReady SuiteApp maximizes financial statement management provided natively by Oracle+NetSuite Cloud ERP with localization features for +12 LatAm countries.


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Latin American Taxes Made Easy with Oracle+NetSuite and LatamReady SuiteApp combined solution

Very little is more time-consuming and complicated than monitoring and complying with corporation taxes.  Whole departments within organizations are set aside to understand the intricate tax laws in their regions.  Withholding, corporate, VAT (value added tax) are just a sample of the taxes Latin American companies have to account for.  Many ERPs (Enterprise Resource Planning software) struggle to meet the needs of the Latin American marketplace.  It’s diverse and flexible.  Their taxes could be broken down by province, municipal, country, but they are all a requirement of any company who wishes to expand into the lucrative forum Latin America is becoming.  Oracle+NetSuite, the top performer in the ERP industry, and LatamReady, the name trusted across the US & UK when companies want to work within Latin America, meets those challenges head on.


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Let Miami & LatamReady+NetSuite Lead the Way to Business in Latin America

With an established foothold as a top vacation spot, Miami has grown to be more than just a sunny beach getaway. South Florida has become the gateway to business in the Caribbean and Latin America. There are so many opportunities growing out of this one region that many companies across the globe are taking advantage of it. Oracle+NetSuite wants to assist their clients with this promising option so they’ve teamed with LatamReady, a partner that fully understands how business works in US+Latin America.  Together they’re ready to lead their clients into the burgeoning market of Latin America, and to do so, Miami is the key to success.


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Moving US+Multi-Latin Corporations to the Cloud with LatamReady & Oracle+NetSuite

Throughout history, nothing has revolutionized the business world like the internet.  If you look at it in terms of communication alone, the web has provided global contact with a split-second delivery rate.  That is incredible in terms of shipping or receiving, billing, or even discussions between staff.  With this formidable tool at hand, how are US+Multi-Latin Corporations taking full advantage of all its capabilities? The answer is Cloud Computing.


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US+Multi-Latin Corporations: Getting the Data When You Need It from Oracle+NetSuite and LatamReady

One of the qualities businesses are looking for in this new economic climate is speed.  Speed of growth, speed of consumerism, speed of data.  With the advent of the internet, everyone expects to have the data they need at their fingertips.  As it turns out though, Enterprise Resource Planning (ERP) software is often still lumbering on under an inability to produce the way clients need.  Too many large, cumbersome software applications lack the efficiency and streamlined nature Oracle+NetSuite has to offer.  It’s sleek and fast, able to handle the most robust financial department which is excellent for Latin America.


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How Oracle + NetSuite and LatamReady Provide Financial Consolidation in Latin America

From the beginning of a barter-and-trade system, cultures have conducted businesses locally.  Simple marketplaces, developing into shopping centers, moving into manufacturing, factories, and assembly lines, the nature of business has grown and spread.  What was once regional and even national has started to disseminate globally.  And with the advent of the internet, businesses are even more widespread than ever before.  Corporations are now competing in as many countries as there are in the world as they take to the field of a global marketplace.  And even more so, corporations are setting up shop in just as many locales.  They’re moving from their headquarters to be closer to their clients and suppliers, on their home turf.


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Miami + Latin America connected with LatamReady & Oracle+NetSuite Cloud ERP

If companies are looking for the burgeoning hub of IT commerce and innovation, they’d be hard-pressed to find a better location than Miami.  Seen primarily as the gateway to Latin America, the Miami-Dade county of Florida is becoming a hotspot of economic activity.  Miami is growing in leaps and bounds with corporations setting up their Latin-America headquarters to take advantage of Miami’s easy access to the region and the IT benefits of the city.


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Oracle+NetSuite Implementation Challenges in Latin America for US+International corporations

The Challenge of Latin America

Even with the latest enterprise resource planning software at one’s disposal, abiding by and accounting for the various tax laws and regulations throughout Latin America can be a major challenge for multinational companies operating in the region. This presents multinational companies with substantial obstacles even after investing heavily in the global version of NetSuite (NetSuite OneWorld).

 

Non-compliance isn’t an option for the world’s leading firms, and neither is missing out on the massive sales opportunities in the region. Many companies have chosen to manage compliance internally or even move their compliance process outside their ERP software. This is usually a cost-saving decision, but the decision inevitably reduces speed and can lead to all kinds of issues that often negatively impact the resources available to other business channels. It’s far better to establish a cohesive and long-term solution.

 

Managing chaotic internal processes and making platform changes are, of course, major tasks. ERP implementations can seriously disrupt business if such implementations are not approached with clarity and expertise.


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Adistec´s Successful Localizations in Latin American

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.


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Challenges implementing NetSuite in US+Latin America

Implementing NetSuite in US+Latin America: Challenges & Solutions

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