LatamReady now supports Brazilian Tax Compliance within the Oracle NetSuite ERP with Systax’s support
The Miami-based, leader in the Latin American Tax Compliance space for Oracle NetSuite, relies on Systax’s support to offer the most robust and complete Electronic Invoicing solution for Inventory
Items, developed inside of Oracle NetSuite and adapted to the Brazilian legislation
Headquartered in Florida, United States, LatamReady is the only right reference in Latin American localizations for NetSuite, developing a Built-For-NetSuite solution for tax compliance within the ERP, Oracle NetSuite. With over 100 employees, the company collaborates with the biggest international corporations when implementing NetSuite across the region, such as Michael Page, a global leader in recruitment services.
To support Brazilian tax challenges, LatamReady sought in Systax, a tax intelligence company and the only one to organize a collection with 19 million tax situations, the ideal partner in Brazil. “We noted that LatamReady is cautious when dealing with the taxation of various countries. For this reason, we support them with their operations in Brazil, delivering software that meets the needs of corporations operating in our country”, points out Jerson Prochnow, Systax’s CEO.
LatamReady allied with Systax for being a reference in the Brazilian market and witnessed the possibilities of expanding its services in a qualified way to Brazil through the partnership. The solution offered is the LatamReady SuiteApp, developed for international corporations that have subsidiaries in Latin America with tax compliance challenges such as legal ledgers, electronic
invoicing, electronic payments, legal reports and more, within the Oracle NetSuite ERP. LatamReady SuiteApp is compatible with local taxation of 19 countries, which are: Brazil, Mexico, Argentina, Colombia, Peru, Chile, Ecuador, Uruguay, Paraguay, Bolivia, El Salvador, Costa Rica, Guatemala, Nicaragua, Panama, Dominican Republic, Honduras, Belize, and Jamaica.
“Systax services will be offered as a feature included within our SuiteApp. We not only offer tax calculation, but also advice on how they should relate with inventory items in Brazil”, explains Carlos Zumaeta, CEO and founder of LatamReady. “As a major benefit, customers will be able to sell inventory items in Brazil, a particular aspect now supported for NetSuite in the Brazilian space via LatamReady SuiteApp”.
Carlos also comments that the expectations with this partnership are high, once an even more complete solution may be offered. “For the future, LatamReady is going to bring the most robust tax
compliance solution to the Brazilian market and become the most reliable solution in the long term for international companies operating in Brazil with Oracle NetSuite. In fact, Systax allows our customers to operate in all the 27 Federative Units. Thanks to this partnership, companies from any industry and size, can operate in Brazil with NetSuite”, concludes Carlos Z.
Systax Tax Systems follows daily the changes in tax legislation to ensure constant updating of fiscal parameters in the various ERPs and tax systems. It also validates the tax information present in the Electronic Invoice allowing the correct generation of SPED (Public System of Digital bookkeeping). For this purpose, it maintains a database of 19 million state and federal tax rules, including ICMS, ICMS-ST, PIS, COFINS, and IPI. They combine these rules to generate and monitor more than 1 billion items from Systax customers. See more: http://www.systax.com.br/
Headquartered in Miami, Florida, LatamReady is the #1 tax compliance solution in Latin American within the Oracle NetSuite ERP.
LatamReady is the leading authority in Latin American Tax Compliance for NetSuite in the region, developing a Built-For- NetSuite solution for localizations. With over 100 employees, the company collaborates with the biggest international corporations when implementing NetSuite in the region, such as Michael Page, a global leader in recruitment services.
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