Tax compliance, Legal Ledgers, Multi-booking reports and the right structure of the files asked by the local government can be a real problem for many companies that are currently own or want to open subsidiaries in the Latin American region. The complexity of the local laws in each country of the region makes big international enterprises hesitate to do business there. LatamReady is the LEADING AUTHORITY within NetSuite for full tax compliance in 18+ countries in Latin America. Here is an example of our solution for companies operating in Brazil and how we improve the situation. Keep on reading!
“Our first steps in Brazil when using NetSuite was a great challenge”
During our first implementation in Brazil, we used the standard NetSuite functions. After our experience, we realized that NetSuite standard functions are great for small processes, but in Brazil, every state has its own mandatory documents for tax compliance, and that takes a lot of money and time to strategically deal with. That’s why compared to other Latin American countries, Brazil had a huge amount of manual work. This caused a lot of struggles because everything had to be implemented manually and line by line by the end of the month.
Speedbumps didn’t slow us down in Brazil. We maneuvered our way to a solution
NetSuite is well-known to look after small to medium-sized businesses. LatamReady with its ULTIMATE tool within NetSuite goes further, offering a service that perfectly suits large international companies and the needs of its subsidiaries in Latin America. With our experience, we were able to reduce the large Gaps between NetSuite’s limited native functionality and the demanding local requirements. This was achieved thanks to the LatamReady SuiteApp which can process thousands of legal regulations immediately following correct requirements for the region.
Are you interested in improving the tax compliance in your Latin American subsidiaries?
Contact us! Don’t lose valuable time, our LatamReady SuiteApp is the ULTIMATE solution to all your tax compliance problems as it includes E-invoicing, E-payments, Withholding Taxes, Legal Ledgers, and many other features for Brazil, Mexico, Argentina, Colombia, and more than 18+ countries in the Latin American region within NetSuite.
Time management won’t be a problem for you anymore, thanks to LatamReady! Feel free to call one of our sales reps 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!
LEARN MORE! GO BACK TO|How to be in FULL CONTROL of your business in Latin America
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