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 their entire industry. A crucial part of the company’s leadership, a CFO helps make crucial financial decisions and leads the execution of those decisions.
These days, anyone on the top of a corporation plays an important role 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 enterprise resource planning (ERP) software to keep their business operations and accounts in order.
Some years ago, LatamReady had a meeting with the CFO of a huge foreign company that had considerable experience in Latin America. Upon sharing the company’s experience and difficulties, LatamReady was able to better understand what tax entities in Latin American countries demand.
Lessons From a Leading CFO
In retrospect, this particular CFO was working with different kinds of accounting software all throughout the region in Latin America. A classic situation for this company 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 other variables.
Without one unified platform, it’s very difficult for the CFO to look at real-time data. 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from the local subsidiary, and by the time he receives the data to make business decisions, the information is already outdated and no longer relevant.
With LatamReady’s up-to-date, Built-for-NetSuite SuiteApp, you can manage multiple tasks and processes within a single, fully-integrated system. Control your core business needs while remaining flexible in a rapidly-changing business environment like Latin America, saving costs, managing risks, driving productivity and achieving full tax compliance.
Don’t waste any more time and money! Avoid working with outdated information and a lack of knowledge.
We Are the Pillar!
The LatamReady SuiteApp is the leading tax compliance solution inside the LatAm region within Oracle NetSuite. Our diverse team of over 100 NetSuite professionals works tirelessly every day to resolve international corporations’ tax compliance problems. From E-invoicing to E-payments, legal ledgers and much more, the LatamReady SuiteApp tackles all the biggest tax-related challenges.
Overcome tax problems in 18+ Latin American countries, including Brazil, Argentina, Mexico, Colombia and more with the LatamReady SuiteApp. Please check out www.latamready.com or feel free to call us at +1-786-600-2641.
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