Intuition often helps guide the decisions of successful business leaders, but the CEOs of international corporations operating subsidiaries in Latin America may want to look before they leap.
This is especially true when it comes to dealing with taxes. Tax regulations in Latin America are complex and constantly changing, making it difficult for international corporations to achieve full compliance.
Businesses may benefit from taking greater control of their local subsidiaries — but how? Let us tell you a story from the early days of LatamReady…
Gut Decisions vs Cold Hard Facts
Many years ago, our team met with the head of a multi-Latin company based in Miami, who expressed — in very simple terms — why he was considering hiring us.
“I want greater control of my subsidiaries in Latin America,” the business owner said. “I want to make decisions to grow my business based on concrete information and what I can see, not just on gut decisions.”
While good instincts are always important when leading a business, data provide CEOs of international corporations with the cold hard facts they need to make informed strategic decisions that drive growth.
How the LatamReady SuiteApp Works
When it comes to doing business in Latin America, many international corporations cede control to local firms to handle tax issues. While using many local partners to achieve tax compliance in multiple Latin American countries may (in theory) work, multi-Latin corporations must sacrifice a significant degree of control and oversight.
The LatamReady SuiteApp offers a single, unified solution within NetSuite for all tax compliance requirements in Latin America, from calculating local withholding taxes to e-invoicing and much, much more.
With the LatamReady SuiteApp, large international corporations with subsidiaries in Latin America can oversee and direct all tax compliance activities under a single umbrella with just a few clicks of a button.
All the information they need, at their fingertips.
Is LatamReady Right for My Business?
Remember the Miami-based company referenced above? They are now a satisfied client of LatamReady.
If you are a leading global corporation with operations in Latin America, the LatamReady SuiteApp is the innovative solution you need to take greater control of your subsidiaries and ensure full tax compliance across the region.
The LatamReady SuiteApp is the only native Built-for-NetSuite SuiteApp that supports E-invoicing, E-payments, legal ledgers and more for 18+ Latin American countries, including Brazil, the region’s largest economy.
Take the reins of your multi-Latin corporation with the LatamReady SuiteApp! Visit www.LatamReady.com or call one of our sales reps at +1-786-600-2641 today.
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