What CFO’s in Multi-Latin companies really need

Chief Financial Officers (CFO’s) do a lot more than just deal with numbers, they must possess a holistic understanding of the financial workings of their company, and also of their entire industry. A CFO is a crucial part of the company’s leadership, to help make crucial financial decisions and lead the execution of those decisions.

These days, anyone on the top of a corporation plays an important part in making decisions about things that may have been beyond their scope in the past. The growing importance of data and increasing emphasis on results-oriented management have made this sort of overlap both unavoidable and necessary. With this in mind, CFO’s should be using a fully integrated ERP, enterprise resource planning software to keep their business operations and accounts in order.

At one point LatamReady had a meeting with the CFO of a huge foreign company that have had many experiences in the LatAm region. Upon sharing their stories and difficulties LatamReady was given a better understanding of what tax entities in Latin American countries need 

What a CFO has to tell Us 

In retrospect, this particular CFO was working with different kinds of accounting software all throughout the region in Latin America. A classic situation is for them is to have separate customer relationship management (CRM) and separate accounting software for each country because of the changes in tax regulations, legal requirements, and more variables to be compliant int he region.

It’s difficult to have one unified platform, for the CFO specifically, it’s very difficult for him to look at real-time data because he generally has to wait until the end of the month to get a report from the local subsidiary, and by the time he receives the data to make business decisions, the information is outdated.

LatamReady with its up-to-date SuiteApp, native within NetSuite,  enables you to manage multiple tasks and processes with a single, fully integrated system your core business needs while allowing flexibility in a changing business environment like Latin America, saving costs, managing risks, driving productivity and managing compliance.

Don’t lose time!  and money! Avoid working with outdated information and a lack of knowledge. 

We are the pillar!

As you may know, the LatamReady SuiteApp is the BEST Tax Compliance solution inside the LatAm region within Oracle NetSuite. LatamReady works tirelessly every day to provide the best experience with the ultimate solution to all international corporations’ tax compliance problems. E-invoicing, E-payments, Legal Ledgers, and many other issues can be dealt with via LatamReady.

Be aware of the changes that are happening regarding tax compliance not only in Brazil but also Argentina, Mexico, Colombia, and 18+ other countries in the Latin American space please check www.latamready.com or feel free to call us at +1-786-600-2641.

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