Tax and regulation reality in Latin America could be an ongoing challenge for companies that operate in the region. In this context, it is critical to have a localization solution that provides updates in cases of legal and tax changes specific to each country in order to fulfill the local requirements and efficiently satisfy any kind of need.
For this purpose, AW, a Tech company with 30 years of experience in the market, has developed the solution called Localis 365, which serves this goal and has a unique multicountry code that allows for speeding up implementation, training, maintenance and use. This way, the localization expert company saves critical time for the business of their partners and clients, offering a solution updated based on tax, legal and regulatory changes.
Trailblazes in the creation of 14 localizations in Latin America
“We have 15 years of experience in tax issues, with an interdisciplinary team of accountants and developers working with Microsoft Dynamics technology. This adds up to the feedback provided by our partners with local knowledge and that make up the Dynamics Latam network, which allows us to devise an added value proposal for our clients and partners in 14 countries in LATAM”, says Marcela Maioli, AW Business Manager, about building of the localization of the company in Business Central.
Localis 365 stands out due to its adaptability to the needs of each company in terms of treasury and withholdings. The solution offers a broad range of options for controlling financial transactions, allowing an efficient payment and collection means. Besides, it allows for the calculation of income and sales taxes, filing and book writing, having their own applications in each country and fulfilling all fiscal duties.
Its main benefits are as follows:
- Fully Dynamics 365-integrated modules that ensure the correct operation of the system without affecting its performance.
- Increased business productivity by reducing the time needed for training on functionality and use of the system.
- Detailed setting up of each of the circuits, with the goal of minimizing work and errors by the users.
- Focus on shared and configurable functionality, and on solution and calculation mechanisms.
Globalization Studio: Microsoft and AW localization project
Microsoft has chosen AW as the ideal partner for providing the localization technology for Dynamics 365 Finance applications for Latin America as a whole. In simple words, it means that the ERP will use AW technology to quickly adapt to the specific rules of each country: a functionality that will already be included in the price paid by the client for the solution and that is supported by Microsoft.
When researching for partners, Microsoft found out that AW had already created Localis 365, the localization solution for 14 Latin-American countries, and that was the baseline for the joint development of Globalization Studio. Besides, the fact that the company had created the biggest Latin-American partners Dynamics network was also considered. By knowing what the partners in the region needed made it easier for AW to understand the problems and to jointly develop with Microsoft a solution capable of facing the tax and regulatory requirements in the region.
This Alliance betweenAW and Microsoft allows for the localization to offer more than one hundred new features in key areas like taxes, collection, electronic invoicing, tax management and payment.
How important it is to have a strategic partner
AWunderstands that Localis 365 not only benefits the companies using Dynamics 365 Business Central or Finance, but also gives support to specialized consultants on these solutions. Thus, training and support is given in all Latin American countries, easing deployment and management of the new solution.
“No matter the size of your company, Localis is a great option for fulfilling tax and regulatory rules in Latin America, thus allowing organizations to be up to date on tax issues, focusing on growth and development of business. Please leave the taxation issues in our hands”, Maioli concludes.