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Comply with Latin America’s electronic invoice mandates with solution in SAP

Governments in Latin America, like many other regions in the world, are implementing digital transformation programs to improve tax, accounting, finance, customs, and labor governance. These initiatives aim to modernize and streamline government operations and services by leveraging the power of digital technologies. However, implementing these initiatives involves complying with complex legal requirements, which can be a challenge for businesses.

To comply with these requirements, businesses in Latin America must invest in specialized software and systems that can handle the necessary data capture and submission. These systems must be capable of handling large volumes of data in a secure and efficient manner to ensure compliance with legal regulations. Failure to comply with these regulations can result in severe fines and legal issues for businesses, making it essential to implement digital transformation initiatives correctly. Electronic invoicing has become mandatory in several Latin American countries, and while it offers numerous benefits, its implementation can also present several challenges for businesses.

One of the most significant challenges is the complexity of regulations. The regulations governing electronic invoicing are often complicated and subject to frequent changes. Additionally, businesses require a reliable and secure technical infrastructure to support electronic invoicing, including software, hardware, and internet connectivity. Furthermore, electronic invoicing requires the transmission of sensitive financial and personal data over the internet, raising concerns about data security and the risk of unauthorized access or breaches.

SAP Document and Reporting Compliance offered by Origen Tech is the best suited solution for the exchange of electronic documents from SAP ERP & S/4. Its holistic, secure, and integrated approach helps companies stay compliant safely, globally, and at affordable costs.

This SAP functionality supports electronic invoicing requirements in LATAM countries, such as Colombia, Chile, Mexico, Peru, Brazil, and Argentina, where the following benefits stand out:

END-TO-END SOLUTION: Full integration with ERP or S/4 Maintenance of legal changes across all components in one place

SIMPLIFIED IMPLEMENTATION: Pre-packaged content and integration flows by country. Common architecture across countries and processes

SIMPLIFIED OPERATIONS: One user interface, One platform/monitor, One provider, One user interface

COMPLIANCE WITH LEGAL REQUIREMENTS: By adopting Origen’s DRC solution for electronic invoicing, businesses can ensure they are meeting all legal requirements, avoiding fines and legal issues.

ENHANCED VISIBILITY / COST SAVING: Electronic invoicing provides real-time visibility into invoicing processes and payment status, allowing businesses to track their invoices and payments more effectively, helping businesses make better decisions about cash flow and manage their finances more efficiently.

GUARANTEED UPDATES: To meet the frequent legal changes in Latin America

Origen’s implementing experience in SAP Document and Reporting Compliance can help end companies running SAP ECC or S/4HANA with Latin American operations to use a single SAP Platform, supporting companies with e-invoicing, withholding certificates, delivery notes, payment complement, and other electronic documents.

Click on the link below to know more: https://origentech.com/sap-drc-eng/

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S/4HANA – Why do mid-sized manufacturing firms need an intelligent ERP solution?

To be successful in today’s industrial reality, manufacturers need to generate insights in real time and gain transparency over all aspect of their operations.

Managing a manufacturing organization in today’s technological climate is highly complex and competitive. This complexity raises new questions for your enterprise. Does your organization have “proven” business models to monitor and govern digital business interactions among suppliers, global markets, competitors, and customers to drive deeper customer insights, enable more efficient supply chains, and optimize processes?

SAP S/4HANA for the Manufacturing Sector

SAP S/4 HANA helps manufacturers by providing a set of solutions that cater to ever evolving and changing new-age needs. SAP offers manufacturing ERP software solutions that cover the automation of every aspect of the manufacturing business processincluding R&D/engineering, sales, sourcing/procurement, supply chain, manufacturing, production scheduling, quality, aftermarket service and finance.

Origen’s Solution as a Service for S/4HANA for mid-size manufacturing firms:

The Origen SAP S4aaS (Solution as a Service-based) offering powered by the S/4HANA is built on the most powerful ERP solution platform available for small to medium sized firms that are growing rapidly and need the flexibility and agility to stay ahead of the game.

Rapid Time to Value – Estimated 70% improvement in implementation timeframe compared to an on-premise deployment.

Reduced IT Costs – Estimated 40% lower total cost of ownership (TCO) over on-premise deployment of SAP using CLARO/ TELMEX Triara SAP HANA Certified Data Centers. With Claro/Telmex’s 24×7 service and specialized SAP support from Origen, we provide a one-stop shop of how to holistically and seamlessly manage your SAP environment with the need of hiring internal resources to support.

Fully Managed Updates and overall sustainability provided by Origen Tech to make sure you are running the most current version of SAP, while maintaining compliance for every corner of the world where you operate

Cash preservation and optimization with a subscription based OpEx model

Get Started – Jump-start your implementation by collaborating with our industry experts, consultants, and support engineers throughout your journey.

With Origen’s Solution and SAP / CLARO / TELMEX technology, you put Industry 4.0 to work for your entire company – right now and going forward -, so you can connect to your customers, collaborate with your partner network and stay far ahead ahead of your competitors.