Insightful Accountant has been expanding its coverage of NetSuite while at the same time expanding its reach around the globe. So, trying to cover both aspects in an article about NetSuite serving manufacturers in Latin America seems only fitting.
Recently, Oracle NetSuite announced innovations to help manufacturers in Brazil adapt and grow. With these latest innovations in NetSuite, organizations with manufacturing operations in Brazil can quickly use the cloud to increase productivity, support compliance with Brazilian legislation, plan and control their manufacturing process, and streamline invoicing, accounting, and payment requirements.
Gustavo Moussalli, VP of Latin America for Oracle NetSuite, said, "We are reinforcing our commitment to helping organizations in Brazil gain visibility and control over their manufacturing processes, allowing them to navigate complexity and prepare for growth."
NetSuite is a complete solution for organizations with manufacturing operations. Manufacturing and assemble-to-order businesses can use NetSuite to increase visibility and control the critical processes needed to compete and grow. In addition to natively incorporated local language and currency support and existing SuiteSuccess solutions available to customers, NetSuite is providing the following capabilities for organizations with manufacturing operations in Brazil:
- E-Invoice Certification: Helps manufacturers improve invoicing efficiency by reducing manual processes and errors. In addition, e-invoice certification can help manufacturers increase cash flow by supporting them in processing payments in conjunction with requirements of all Brazilian state capitals and more than 600 municipalities in Brazil, including intercompany transfer orders.
- Inventory Management: Helps manufacturers gain a real-time view of inventory across all locations and sales channels, including inventory managed by 3PL (third-party logistics) partners. This supports manufacturers to free up cash by reducing inventory on hand, avoiding stock-outs, and helping only to pay taxes when required.
- Tax Compliant Invoice Capture: Helps manufacturers address their compliance requirements around Receita Federal (Brazil Tax authority) through the Manifesto Destinatário (Receiver Acknowledgment) process for goods receipts.
- Automated Purchase Order Matching: Helps manufacturers automatically create vendor bills that leverage the XML document format defined by Receita Federal for e-invoicing.
- Localized Assembly Items: Helps manufacturers correctly calculate taxes and costs, from bill of materials to routing, work-in-process, and production orders, designed with local regulations in mind.
- Tax Files: Helps manufacturers generate SPED (Sistema Público de Escrituração Digital) Brazil Tax Files, including Bloco K (Block K), which are required to demonstrate all certified e-invoices for goods movements and to report on monthly inventory levels.
Source: MogiGlass
One such manufacturer experiencing "Suite Success" with NetSuite is MogiGlass of São Paulo, Brazil.
MogiGlass manufactures laboratory equipment, specialized metals, and glassware distributed throughout Brazil and internationally. With plans to scale rapidly, MogiGlass is using NetSuite to make its processes more efficient and provide a platform for continued growth.
"We were looking for a cloud system with best practices to help us improve our processes, and NetSuite was the right choice," said Rodrigo dos Messias, development manager of MogiGlass. "With NetSuite, we have automated many of our key processes, saving our team time and helping us improve efficiencies across the business. NetSuite is a great foundation to support future growth."
With the latest additions to NetSuite, manufacturing organizations operating in Brazil can increase productivity and efficiency by taking advantage of an integrated business suite that automates end-to-end business processes, from sourcing to manufacturing and sales.
This should help NetSuite customers, like MogiGlass, gain the essential visibility and control of crucial processes needed to compete effectively.
Footnotes and Disclosures:
Content within this feature has been adapted from Oracle NetSuite source materials, including webinar materials. Referenced source materials or content appearing within this Insightful Accountant feature were adapted and are furnished solely for educational purposes.
NetSuite and Oracle are registered trademarks of Oracle Corporation. Oracle Corporation is a publicly traded NYSE-listed (ORCL) multinational corporation headquartered in Austin, Texas (USA).
NetSuite was the first cloud company—ushering in the new era of cloud computing. For more than 25 years, Oracle NetSuite has helped organizations grow, scale, and adapt to change. NetSuite provides an integrated system that includes financials / Enterprise Resource Planning (ERP), inventory management, HR, professional services automation, and omnichannel commerce, used by more than 37,000 customers in 219 countries and dependent territories.
MogiGlass is a registered trademark of MogiGlass Artigos para Laboratórios Ltda, a privately held company headquartered in Mogi das Cruzes, São Paulo, Brazil.
Any other trade names used within this article, including any other vendor (app/software) discussed herein, may refer to products registered, trademarked, or otherwise held by their respective owners. They are referenced solely for informational and educational purposes.
This feature is "not" sponsored content. The article is provided for informational and educational purposes.
The publication of this article does not represent an endorsement by either the author or Insightful Accountant.
Note: Registered Trademark ® symbols have been eliminated from the articles within this publication for brevity due to the frequency or abundance with which they would otherwise appear or be repeated. We attempt to credit such trademarked products within our respective article footnotes and disclosures.
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