Well, you are part of a big international corporation, you are struggling with electronic invoicing within NetSuite for your Latin American subsidiaries. However, do you even know what electronic invoicing means? No worries! LatamReady is going to explain everything to you. Please help yourself with a snack and a cup of tea, sit down, relax and keep reading!
Electronic invoicing, long story short, it is…
… a process of exchanging invoices between a supplier and a buyer in an integrated electronic format. Traditionally, invoicing, like any heavily paper-based process, is manually intensive and is more likely to result in increased costs and processing lifecycles for companies. We are in 2019, come on, nobody has time for that anymore!
Electronic invoicing : a way of having more control?
100% yes! You’ll see that in Latin American countries, local governments will require you to submit documents electronically using a specific format to the different local tax authorities. As we already said, electronic invoicing is a simplified process which is time and money saving, but also easier, faster and more reliable.
Ok, let’s do e-invoicing then, am I compliant yet?
Congrats! After implementing e-invoicing within your Latin American subsidiaries, you are now totally compliant regarding this particular aspect of tax compliance, but what about the rest? You still need to fit the local requirements regarding legal ledgers, withholding taxes, e-payments, etc. Worried about the length of the process or even the cost of it? No worries, we offer a full package, so don’t worry about any local costs from the providers, again, LatamReady is on it.
Well, as you can see, our LatamReady SuiteApp is the ultimate solution to all your tax compliance problems as it includes not only e-invoicing but also e-payments, legal ledgers, and many other features for more than 14 other countries in Latin America within NetSuite. Feel free to call one of our sales rep at +1-786-600-2641 to know more! You can also find our pricing list on www.latamready.com, after that you’ll be fully on point with LatAm tax compliance using NetSuite, that’s for sure!