LatamReady Turns Eye to Overcoming Tax Compliance Problems in Brazil

MIAMI— July 30, 2020

LatamReady today announced a series of business developments and impressive new technology solutions that clearly demonstrate the Miami, Florida-based NetSuite partner is expanding its role as a major player in the tax compliance space in Brazil. 

“As the global economy begins to open back up, international corporations running NetSuite are looking for new ways to tap into the largest and most dynamic market in Latin America,” said LatamReady CEO and Founder Carlos Zumaeta. “LatamReady is the undisputed leader in helping international corporations with multi-Latin operations unlock opportunity and achieve full tax compliance in Brazil within NetSuite.”

Founded in 2009, LatamReady has been working hand in hand with NetSuite for over a decade, providing quality solutions to some of the leading global corporations with operations in Latin America. 

The team behind the LatamReady SuiteApp, #1 Tax Compliance App for Latin America within Oracle NetSuite, recently established new operations in Sao Paulo, Brazil. The company also has developed an array of new tools that make achieving tax compliance across Latin America a breeze — even in the notoriously complex tax environment of Brazil. 

As a 100% cloud-based company with over 10 years of experience as a certified NetSuite partner in Latin America, LatamReady is perfectly positioned to help big international companies drive growth and increase revenue in Brazil and across Latin America in the coming years. 

Below, LatamReady CEO Carlos Zumaeta shares more on his growing company’s latest innovations and how international corporations using NetSuite in Brazil can benefit from the LatamReady SuiteApp

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Now Offering Local Support from Sao Paulo

LatamReady recently welcomed a new NetSuite team aboard in Brazil, which will operate locally in Sao Paulo — the epicenter of the Brazilian economy. 

“Language barriers can easily lead to communication breakdowns and costly misunderstandings,” said CEO Carlos Zumaeta. “Our diverse, multilingual team of NetSuite experts is equally adept at working with both decision-makers in the U.S. and Europe as well as local users in Brazil and across Latin America.”

With their headquarters in Miami, Florida and operations in Lima, Peru and now Sao Paulo, Brazil, the LatamReady team members provide outstanding customer support in fluent English, Spanish and now Portuguese.

By expanding their physical footprint into Brazil, LatamReady is also ensuring that their team members are on the ground in the same time zones where important NetSuite projects are taking place. This is a clear advantage for international corporations with multi-Latin operations, as the LatamReady team is readily available to field questions or handle issues that may arise for projects across the entire Latin American region. 

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LatAm Tax Compliance Toolbox — On Steroids 

In addition to now offering local support from Sao Paulo, LatamReady also unveiled a dizzying array of new and updated tax compliance tools developed specifically to help international corporations with subsidiaries in Brazil. 

“From E-invoicing to legal ledgers in Brazil and more, the LatamReady SuiteApp is the single solution businesses need to simplify and automate complex back-office accounting processes,” said CEO Carlos Zumaeta. “Our innovative Built-for-NetSuite SuiteApp is easily the most robust and reliable tax compliance solution within NetSuite for the Brazilian market.”

The latest version of the LatamReady SuiteApp includes all the following features: 

  • LatamTaxLatamReady‘s exclusive technology for supporting withholding taxes requirements in Brazil, Mexico and all of Latin America from within NetSuite.
  • LatamHub — Automatically integrates legal exchange rates on a daily basis.
  • LatamTools — Automation tools to eliminate errors
    • LatamReady Initial Data Cleansing — Cleans initial data, including local tax compliance fields, before CSV files are imported during the implementation project. 
    • LatamReady Configuration Scanner — Reviews if NetSuite and LatamReady SuiteApp configurations are correct, or if they need to be reviewed or corrected. 
    • LatamReady Data Quality Scanner — Reviews daily data to ensure compliance with local tax rules.
  • Legal Ledgers Feature — Expands NetSuite capabilities to support legal ledgers in Brazil for services and inventory items
  • E-Payments Feature — Expands NetSuite’s E-Payments feature to work with over 50 local banks in Latin America. 
  • Inventory Items Tax CalculationLatamReady has partnered with Brazilian tax intelligence company Systax, a leading local tax engine calculator that automatically updates sales tax rates into NetSuite transactions.

Important to note is the fact that LatamReady does not just operate in Brazil. Indeed, as of 2020, international companies with operations in Latin America rely on the LatamReady SuiteApp to achieve full tax compliance in 18+ Latin American countries, including: 

Click Here to Get a Free Product Tour: https://tinyurl.com/y3wqf8o4

Tackling E-Invoicing with NetSuite in Brazil

One of the greatest accounting challenges international corporations face when expanding into Brazil is managing electronic invoices. Although Brazil’s E-invoicing system has been in place for over 10 years, many international companies still struggle to keep up with the country’s complex tax compliance rules and regulations. 

“I’ve seen too many international corporations running NetSuite waste hundreds of hours trying to understand the overlapping tax authorities, different types of E-invoices, and constantly changing regulations in Brazil,” said CEO Carlos Zumaeta. “Instead of getting frustrated, get smart. Partner with LatamReady and manage E-invoicing in Brazil with ease.”  

More and more big international corporations are turning to the LatamReady SuiteApp to easily produce accurately formatted E-invoices from inside of NetSuite — all it takes is a few clicks of a button! The LatamReady SuiteApp’s E-invoicing feature is even integrated via Boleto Bancario to all major Brazilian banks, paving the way for fast and secure E-invoicing processing. 

When utilizing the LatamReady SuiteApp to manage E-invoices, businesses can choose from 3 separate versions depending on their unique needs: 

  • 1-by-1 — Generate and send one invoice at a time
  • Bulk — Generate and send up to 200 invoices at a time
  • Unlimited — Generate and send high volumes of E-invoices as needed

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Partnered with the Best Local E-Invoicing Supplier in Brazil 

LatamReady has also established a web services connection with OOBJ, a recognized local E-invoicing supplier in Brazil certified by and connected directly to the local tax agency. 

Thanks to the strong partnership between LatamReady and OOBJ, international companies using the LatamReady SuiteApp do not have to worry about finding additional E-invoicing support in Brazil. 

Instead, they can rely on one single point of contact: LatamReady

LatamReady is proud to partner with OOBJ, a pioneer in the development of E-invoicing solutions in Brazil,” said CEO Carlos Zumaeta. “Businesses using the LatamReady SuiteApp can always rest assured that their E-invoices are accurately composed and comply with the latest Brazilian regulations.”

Click Here to Get a Free Product Tour: https://tinyurl.com/y3wqf8o4

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LatamReady Offers NetSuite E-Learning Opportunities 

The current crisis has shone a spotlight on the importance of remote education and training. Companies can no longer hire consultants to fly to different countries to oversee NetSuite training onsite. 

Fortunately, LatamReady is uniquely equipped to still provide international companies rolling out NetSuite in Latin America with the support services and training their workers need. 

“The modern age calls for modern training methods,” said CEO Carlos Zumaeta. “With LatamDojo, local NetSuite users can learn everything they need to know — in their native language — about NetSuite and tax compliance requirements in Brazil, Mexico and across Latin America.”

Every LatamReady client is provided access to LatamDojo, the company’s exclusive E-learning platform. LatamDojo contains essential online NetSuite training courses and Latin American tax compliance courses in Spanish, Portuguese and English. 

As a cloud-based E-learning platform, employees can access LatamDojo anywhere they have an internet connection, including from their homes.

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Unparalleled Network of Online NetSuite Resources

LatamReady also today pointed international NetSuite users to their robust network of NetSuite resources, which includes webinars, demos and more. 

“One of the biggest advantages of working with an experienced and trusted NetSuite partner like LatamReady is the ability to tap into our network of valuable NetSuite resources,” said CEO Carlos Zumaeta. “We make it easy for international corporations to learn, master and execute projects using NetSuite in Brazil, Mexico and across Latin America.”

Some of the most popular LatamReady platforms include: 

  • NetSuite in Latin America Demos: Detailed demos provide step-by-step guidance regarding mandatory taxation fields within NetSuite for Latin American subsidiaries.
  • LatamZone — Watch NetSuite in Latinoamerica webinars, presented by a specialized team for each topic. You don’t want to miss what they have to say!
  • LatamReady Blog: Contains all the latest news and tips regarding mandatory tax compliance regulations in Latin America. Updated frequently, so check back often! 
  • LatamReady YouTube Channel: Hit subscribe so you never miss a new video about taxes and Oracle NetSuite in Latin America. Watch from anywhere, even on your phone!
  • LatamReady on LinkedIn: Connect on LinkedIn to stay up to date with the latest developments and special offers.  

Click Here to Get a Free Product Tour: https://tinyurl.com/y3wqf8o4

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Is the LatamReady SuiteApp Right for Your Company? 

If you lead an international company using NetSuite and are considering rolling out projects in Latin America or scaling up in the region, consider the following: 

  • With over 10 years of experience, 100+ NetSuite experts, and 150+ projects successfully completed, LatamReady is the biggest and most experienced team of experts for NetSuite in Brasil, Mexico and the entire Latin American region. 
  • LatamReady provides a single point of contact and project support in English, Spanish and Portuguese. 
  • The LatamReady SuiteApp operates 100% in the cloud and is “Built-for-NetSuite,” meaning our tax compliance solution is certified by and works natively inside NetSuite
  • As a 100% cloud-based company, LatamReady knows how to provide contactless NetSuite implementation and work efficiently by utilizing digital tools and platforms such as Monday.com, Google Meet and Google Suites.
  • LatamReady goes above and beyond the standard release schedule for certified SuiteApps by incorporating a new set of legal updates each month — resulting in 12 new SuiteApp releases each year. 

“As the ONLY tax compliance solution for NetSuite that works in 18+ Latin American countries, the choice for businesses is clear,” said CEO Carlos Zumaeta. “International corporations running NetSuite that want to unlock success in Brazil — we are waiting for your call.” 

Contact LatamReady here: https://tinyurl.com/y3wqf8o4 or call a LatamReady sales reps at +1-786-600-2641 today to get the ultimate tax compliance solution within NetSuite in Latin America. 

Click Here to Get a Free Product Tour: https://tinyurl.com/y3wqf8o4

LatamReady | Get the Ultimate Tax Compliance Now!

Learn About NetSuite Online in Portuguese, Spanish and English 

LatamDojo | E-Learning Platform for NetSuite in Latinoamérica

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