With the holidays finally behind us, it is time to set your sights firmly on the future and plan how you are going to take your multi-Latin corporation to the next level in 2020. Opportunity is plentiful in Mexico and across Latin America — but only for companies ready and willing to seize it.
Will you strive to be exceptional and execute bold plans? Or settle for following safe, basic strategies?
Moving Beyond the Basics
Many clients ask us if they can implement NetSuite in their Mexican subsidiary only for consolidation purposes and without tax compliance features.
The answer? Yes – but only if you are okay settling for the basics.
While your company may be able to configure VAT and withholding taxes and perform basic transactions under standard NetSuite implementation, you will have to use a second software to handle E-invoicing and monthly legal ledgers.
If you think that sounds like no big deal, think again!
Mandatory E-Documents in Mexico
The Mexican government requires every company to regularly issue and submit certain E-documents such as E-invoices, electronic credit memos, etc. to the tax authorities.
Using one software for basic transactions and another for handling complex back-office accounting requirements like E-invoicing can be a major hassle, especially in Mexico.
The LatamReady SuiteApp extends the power of NetSuite to enable multi-Latin corporations to handle all tax compliance requirements under a single umbrella, saving considerable human and financial resources in the process.
Can the LatamReady SuiteApp Benefit Your Business?
If you want to grow your business exponentially in Mexico and across Latin America in 2020, you need the LatamReady SuiteApp, the only certified Built-for-NetSuite SuiteApp that provides tax compliance solutions for 18+ Latin American countries.
From managing E-invoicing and other digital documents to accurately calculating local tax withholding rates, the LatamReady SuiteApp automates and simplifies complex back-office accounting requirements, enabling multi-Latin corporations to achieve full tax compliance while pursuing their business goals.
To take your multi-Latin corporation to the next level in 2020, visit www.LatamReady.com or calling one of our sales reps at +1-786-600-2641 today!
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