The world of tax compliance is complex, especially when dealing with multiple legal entities across different countries. The LatamReady SuiteApp for NetSuite is designed to simplify this process, offering a range of features tailored to meet the needs of businesses of all sizes. This article provides an in-depth look at the price of the LatamReady SuiteApp for NetSuite: how much does it cost?
Essential Edition
The first edition, known as the Essentials Edition, is designed for one legal entity per country. It supports tax rules and calculations, tax determination, and tax information reporting. Moreover, it includes our basic customer care support and one seat in our LatamDojo e-learning platform.
However, it does not include electronic invoicing or electronic payments. It is priced at approximately $14,000, and the professional services cost $20,000. Professional services can be paid in one, three or six payments.
Pro Edition
The Pro Edition is an excellent choice for businesses requiring more comprehensive services. It includes up to 2 legal entities per country, tax rules and calculations, tax determination, and tax reporting.
Additionally, it offers basic customer care, three seats in our LatamDojo e-learning platform and electronic invoicing for up to 250 documents per month. Electronic payments for one local bank per country are also included. The subscription for the Pro Edition is approximately $19,900, with a professional services fee of $24,500.
Enterprise Edition
The Enterprise Edition is designed for larger businesses. It includes up to two legal entities per country, tax rules and calculations, tax determination, and tax information reporting.
Also, e-invoicing for up to 1,000 electronic documents per month, and e-payments for up to three local banks. We also include advanced add-ons such as massive electronic payments and massive e-invoicing. and features like automatic email sending and PDF customization. Finally, it includes five seats in our LatamDojo e-learning platform.
4 main features
Taxes and Withholding taxes
The LatamReady App supports taxes and withholding taxes in 18+ Latin American countries. It’s updated monthly to incorporate changes to tax regulations, so you don´t have to worry about using outdated solutions.
The LatamReady App is compatible with the NetSuite SuiteTax version and supports Legacy.
One of our SuiteApp features is LatamTax, which supports various combinations of withholding taxes. It offers thorough assistance for monthly and annual tax forms, allowing businesses to achieve local tax reporting compliance with high accuracy and simplicity.
Electronic invoicing
Recognizing that the generation and distribution of invoices can vary significantly among businesses, we know the different methods and frequencies at which companies issue their billing documents.
The LatamReady App supports:
- One by one: A 2-step process that follows the NetSuite standard for issuing electronic invoices. The first step is to create and the second step is to generate and send each invoice one by one manually.
- Massive: Several In Bulks, tens of thousands of documents.
- In Bulk: for 200 documents.
- Ecommerce Edition: for Ecommerce companies.
Electronic bank payments
As businesses expand, managing diverse payments, including supplier payments, wages, reimbursements, sales commissions, and employee expenses, can become increasingly intricate. This is precisely where NetSuite’s Electronic Bank Payments (EBP) feature proves indispensable. Serving as a globally-reaching payment management solution, EBP streamlines the process of making electronic payments while overseeing the associated electronic documents.
Powered by LatamReady, which boasts partnerships with over 40 banks across Latin America, NetSuite’s EBP functionality empowers businesses to handle large-scale bill payments effectively. By leveraging this solution, organizations can eliminate the burdensome paperwork and costs of processing electronic payments and their corresponding electronic documents. This makes it an exceptionally convenient and efficient tool for managing significant volumes of electronic bank payments.
Legal & Tax reports
Experience the power of the LatamReady SuiteApp, which empowers you to effortlessly generate comprehensive legal reports for nearly all Latin American (LatAm) countries, all within the Oracle NetSuite platform. Utilizing a unified data source, this innovative solution seamlessly produces local legal, tax, and global reports for your Corporate Chart of Accounts, all in US Dollars.
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Why LatamReady?
We are Latin America’s #1 Oracle NetSuite partner for implementation and localizations. The best ERP worldwide will help you adapt to changes and grow your business. Our technical support is one of the best in the region: 95% of our reviews in NetSuite are 5-star reviews.
Multiple languages
The LatamReady team consists of members proficient in various languages, including Spanish, English, and Portuguese. With extensive experience, our team is dedicated to assisting companies through our Localization SuiteApps, providing comprehensive support tailored to their specific needs.
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