The trend today is for businesses to upgrade from local servers to cloud computing which is safer, less cumbersome, more productive and provides significant financial benefits regarding cost savings and profits. NetSuite is the leader in cloud-based ERP In 2013, NetSuite received PC Magazine’s “Editor’s Choice” award because of its: “…exceptional breadth, depth, and usability.” Finances Online gave NetSuite’s cloud ERP software a 99% customer satisfaction rating, particularly highlighting its seamless assimilation with other programs and the smooth integration with finance, sales, and invoicing.
It is also the only localized solution technically certified by Oracle-NetSuite for Latin America as part of the “ Built For NetSuite” program.Ī wide variety of industries uses this platform, some of which include: Software/Internet Companies, Wholesale Distribution, Advertising and Digital Marketing Agencies, Media and Publishing, Financial Services, Healthcare, Non-profits, Retail, Manufacturing, IT Services, Professional Services, Consulting, Energy, and Education. Certified by NetSuite, implementation and support services are provided in English as well as Spanish. LatamReady has extensive experience in Latin America, having implemented the LatamReady SuiteApp since 2009.
The LatamReady SuiteApp works 100% natively within NetSuite and is constantly updated to address the changing demands of legal compliance. Oracle’s NetSuite is the world’s most deployed Cloud ERP solution, used by more than 40 000 companies and organizations across the globe. Enterprise Resource Planning (ERP) software becomes an essential requirement to navigate the complex invoicing and tax dictates of the region, where compliance rules differ from country to country and change from time to time. In addition to these multinationals, 500 of the largest Latin American enterprises also have a presence in Mexico.Īs multinationals continue to set up operations and expand in Mexico, they are met with challenging legislation that is now characteristic of most Latin American countries. Investment mostly comes from North America and Europe with the bulk of FDI directed towards the finance, automobile, electronics and energy sectors. Mexico has become a key region for foreign direct investment (FDI), with USD 26 billion flowing into the country in 2016, and according to the World Investment Report, Mexico is the world’s fifteenth largest FDI recipient. The challenge for multinationals in Latin America Legal and tax compliance is greatly simplified, saving companies significant time and effort. It provides a seamless, cloud-based platform for electronic invoicing that overcomes the onerous e-invoicing that the government requires. LatamReady, when integrated with Oracle’s NetSuite essentially solves this problem. This poses a particular problem for multinationals in Mexico. The accounting records required by this code demand substantial information, further complicated by ongoing resolutions passed by the Tax Administration Service. As of January 2014, the use of electronic invoices became mandatory for organizations generating more than 250 000 pesos annually under the CFDI (Comprobante Fiscal Digital por Internet) – the electronic billing system defined by the Mexican federal code. Īdvanced electronic signature: "means an electronic signature which meets the following requirements: it is uniquely linked to the signatory it is capable of identifying the signatory it is created using means that the signatory can maintain under his sole control In 2013, the Mexican Congress approved a series of tax code modifications that included the requirement for organizations to file accounting records via electronic media. Y obtención del certificado de Firma Electrónica Avanzada (FIEL) ante el Servicio de Administración Tributaria ("SAT") de la.
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