QAD Internationalization

Scale operations globally while remaining compliant with country legislation and language, as well as financial, operational and any new trends in the compliance space.

  • Reduce risk and simplify governance and compliance
  • Streamline processes, reduce errors and improve efficiencies
  • Reduce infrastructure and resources costs, improve profitability
  • Speed up ERP implementation in new countries

Key Challenges

  • Globalization - Expanding your business into other countries through organic growth, mergers, acquisitions, and divestitures requires your ERP to support different languages, taxes and financial reporting regulations. This requires customizations to your ERP which takes time, resources, expertise and money.

  • Compliance - When conducting business globally, you must comply with different requirements such as local legislation, tax rules, continuous transactions control (aka clearance model) and local versus corporate GAAP and data privacy and security. Tax laws vary widely between countries and compliance requirements can change frequently.

  • Differences in legal systems - Legal systems can vary widely in different countries which can make it challenging for your company to navigate regulatory requirements. Understanding these differences and ensuring compliance can be a complex task.

  • Multi-currency and multi-language - When operating in multiple countries, you will need to conduct business in the local currency and language, and if the local currency is different from the corporate functional currency it will need to be converted for monthly closings and reporting.

Capabilities

  • Country extensions
  • As country legislation requirements change, the new requirements are available for you in the latest country extension version. The QAD Internationalization team tracks country level compliance to ensure your ERP solution complies readily with new rule changes.
  • Global tax compliance
  • Manage and control your global tax compliance requirements including the different tax regimes and tax codes with the ability to calculate and report taxes in different jurisdictions. Maintain tight internal controls to ensure you comply with corporate governance and IFRS.

  • eDocument Compliance
  • Support countries where adherence to continuous transaction control, commonly known as the Clearance model, is legally obligatory.
  • Multi-currency and multi-language
  • Conduct your business in multiple currencies and get real-time currency conversions with the latest rates. Communicate with customers, suppliers, and partners in their preferred language to improve your overall customer experience.

Further Information

5 Key Benefits of an Adaptive ERP in the Cloud

Embedded internationalization capabilities in ERP to address the needs of global organizations is a must have.

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