Expanding your business to new markets is exciting, but once the thrill of new potential wears off, you are left with a very important, utilitarian problem—how to keep track of profit and loss in a new office, in a new currency, with a new set of tax and regulatory requirements? In the past, the solution was typically to extend a complex corporate ERP system to the satellite office, or adopt a regional accounting package and go through the cumbersome process of converting and manually integrating results with the head office. Today, however, sophisticated international cloud ERP is making both approaches obsolete.
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