Send us a textMost people underestimate the differences in taxes and localization and their implications on the ERP processes. Some countries may have requirements such as reporting on pollution or privacy standards. But countries such as Mexico have completely transformed their taxation system to prevent corruption and bribery in the market. This transformation, however, creates unique challenges for the companies implementing an ERP system as they not only need to comply with the admin overhead registering their product and services with the govt, but they also need to automate their processes to integrate with the govt system in order to remain profitable.In today's episode, our guest, Agustín Cruz Lozano, shares his insights into the taxation and localization nuances of Mexico and why the vanilla ERP would fall short for Mexico. He also discusses concepts such as electronics invoicing, unique numbers for each submission, and the differences in the tax filing processes. Finally, he discusses how the Mexican market is overly regulated with strict requirements such as each product and service needs to be registered with the govt authorities before companies can start selling them.For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs.rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.

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