LatamReady

What to expect in Latin America

for

International and US corporations

Challenges of Latin America

Even with the latest enterprise resource planning software at one’s disposal, abiding by and accounting for the various tax laws and regulations throughout Latin America can be a major challenge for multinational companies operating in the region. This presents multi-national companies with substantial obstacles even after investing heavily in the global version of NetSuite.

-Compliance-

It's a headache...

Non-compliance isn’t an option for the world’s leading firms, and neither is missing out on the massive sales opportunities in the region. Many companies have chosen to manage compliance internally or even move their compliance process outside their ERP software. This is usually a cost-saving decision, but the decision inevitably reduces speed and can lead to all kinds of issues that often negatively impact the resources available to other business channels. It’s far better to establish a cohesive and long-term solution.

Managing chaotic internal processes and making platform changes are, of course, major tasks. ERP implementations can seriously disrupt business if such implementations are not approached with clarity and expertise.

Moving business-to-government compliance inside the ERP

The First Step is the Hardest

Multinational firms from America to Australia have been making — and continue to make — the sound decision to position their business-to-government compliance within their existing enterprise resource planning software.

E-invoicing and tax requirements in Latin America are extremely complex and considered to be some of the most challenging to navigate in the world. The decision to invest in capabilities within an ERP helps untangle this complexity to a measurable extent and is far more future-focused.

Professionals tasked with setting up offices or operations from Ecuador to El Salvador, or from Panama to Paraguay, need a sensible and comprehensive solution that is simple to implement while remaining on the cutting edge of compliance and regulation knowledge in this very dynamic region.

What's up our sleeves?

- The Solution -

Over time, one ERP solution provider has truly established itself in the Latin America: NetSuite. On July 28, 2016, Oracle announced that NetSuite was now a member of the Oracle Cloud Family — both as part of the company’s portfolio for Small & Medium Businesses as well as the Two-Tier ERP approach for Big Corporations.

With Netsuite-Oracle, companies can transform, engage, and modernize their businesses. NetSuite shatters limitations with a game-changing solution built specifically for different Industries. Through omnichannel commerce, companies can meet their customers everywhere and get ahead of competitors with technologies built specifically for the 21st century.

Numerous firms have decided to go with NetSuite, and many of them are now focusing on expanding their Latin American business capabilities.

We've got you covered!

As you know , implementing Netsuite in US+Latin America is no small task. That said, many firms have chosen to avoid the pitfalls restricting business growth that unavoidably comes from expensive mistakes with either compliance or tax reporting.

Dealing with the complex tax and legal systems in US+Latin America can cause a lot of headaches (especially if one is using an outdated ERP).

Miami based, LatamReady helps multinational companies manage business-to-government compliance and tax reporting within NetSuite using LatamReady SuiteApp. LatamReady SuiteApp works inside NetSuite allowing customers to be compliant with local accounting rules in more than 10 Latin American countries.

The #1 Cloud ERP to multi-Latin ERP implementation

NetSuite boasts top cloud performance and experience in Latin America.
LatamReady comprises more than seven years implementing and localizing NetSuite for American and Latin American & Caribbean Customers.
LatamReady has been a top tier NetSuite Partner since 2009 and has implemented NetSuite to more than 70 organizations.
Based in Miami and operating across Latin America and the Caribbean, LatamReady is the only localization solution certified by NetSuite.

Growing capability and experience in the US+Latin America field

Deep NetSuite experience began with a relationship that was established with NetSuite in 2009. Over the last seven years, they have built on this experience and improved the relationship. The capabilities have also been improved and expanded. They now have solid Latin American localizations knowledge at their disposal. The team is bilingual in both English and Spanish and honors NetSuite best practices.

In January 2015, LatamReady SuiteApp became the first and only Localizations SuiteApp technically certified by NetSuite via the Built For NetSuite program. Since then, LatamReady has expanded its capabilities and increasingly helped companies with implementation throughout US+Latin America, while carefully keeping a finger on the pulse of government compliance and tax regulation changes.

Built for NetSuite

Announced in Miami in January 2015, LatamReady SuiteApp has become the first and only Localizations SuiteApp technically certified by NetSuite via the Built For NetSuite program.

What you get from us:

LatamReady SuiteApp works 100% natively inside NetSuite.
Tax and Legal compliance have been simplified.
LatamReady is constantly updated to address legal compliance.
Implementation and Support services performed in both English, Spanish & Portuguese.
First and only localization solution technically certified by NetSuite for Latin America as part of the ‘Built For NetSuite’ program.

Features

LatamReady boasts the following features — essential for making business in Latin America productive and profitable.

Each of these features, from e-invoicing templates to the ability to set and control adaptable accounting rules, allows for greater efficiency and accuracy.

E-invoicing templates via NetSuite E-Invoicing SuiteApp.
Pre-Printed formats.
Legal books.
Withholding taxes features complementing NetSuite Withholding Tax SuiteApp.
e-Payments templates via NetSuite Electronic Payments SuiteApp.
Taxes sync with standard NetSuite tax definitions for Latin America.
Accounting rules.
Transaction types.

LatamReady SuiteApp keeps companies completely up to date with the constant changes in compliance and tax reporting on a country by country basis. This knowledge and expertise mean companies spend fewer resources and less time adjusting their internal processes, managing change, and paying attention to errors and data discrepancies.

How to approach US+Latin America ERP implementation

When companies approach US+Latin America, there are several options for ERP and several options for management of compliance and tax regulations. For example, a company could choose to go with SAP. There are two key differences between SAP+Local LatAm Partners and NetSuite+LatamReady. As you investigate your choice of ERP LatAm, consider the following:

NetSuite is #1 Cloud ERP.
LatamReady is the #1 NetSuite option for a US+multi-Latin NetSuite implementation.
LatamReady has already facilitated successful implementation in over 100 companies from a variety of industries and continues to bring this expertise in implementation to US, Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, El Salvador, Mexico, Panama, Paraguay, Peru, and Uruguay.

Let’s Talk!

We want to make your business ready to take over the world… so what are you waiting for? Let’s do it!