QAD Internationalization Overview

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

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.

The QAD Internationalization program monitors compliance changes and through working with the QAD community, develops and makes available, country-specific compliance solutions. The QAD Internationalization team consists of compliance experts and software developers who keep up with tax collection and reporting to ensure seamless customer and trading partner transactions, thereby guaranteeing compliance across diverse regulatory landscapes.

Ensures compliance with country-specific tax collection, e-invoicing and reporting rules, reducing the risk of penalties and adverse audits. Examples include Making Tax Digital in the UK, FatturaPA e-invoicing in Italy and similar initiatives worldwide
Lowers the ongoing costs of monitoring, identifying and meeting statutory tax reporting and accounting rules compliance
Simplifies the process of expanding geographically, enhancing the ability to reach new customers, establish new operational locations, and add suppliers, ultimately leading to improved ROI for such endeavors
Reduces the risk of penalties and adverse audits associated with the non-compliance of country-specific tax collection and related information reporting rules
Enables collaboration within a community of B2B tax experts, fostering continuous learning and staying current regarding evolving rules and trends

QAD Internationalization uses the following closed-loop process to help manufacturers remain compliant.

Monitor and Plan - The QAD Internationalization team monitors new legal requirements and notifies impacted partners and customers about pending changes and provides an estimated availability of the updated “country extensions.” Country extensions are what QAD calls its solutions for regulatory compliance.
Develop - The QAD Internationalization team develops, tests and updates applicable country extensions to address the compliance changes.
Release - Once fully tested, the QAD Internationalization team makes the applicable country extensions available to customers via the QAD Store (login required) and notifies potentially impacted customers.
Support - The QAD Forum and QAD Support provide customers support for country extensions and to deal with downstream issues as they arise.

QAD Internationalization’s comprehensive approach provides the following benefits for companies.

Country extensions are non-intrusive and most are QAD Adaptive ERP version independent
Country extensions are developed to QAD research and development standards to ensure quality and full integration with QAD Adaptive ERP and QAD Enterprise Edition
Support of country extensions is included
QAD Internationalization currently covers 66 countries, adds new country extensions as needs arise, and updates existing country extensions on a timely basis as regulations change
The solution ensures compatibility across multiple countries, supporting a global rollout from a single application instance

QAD eDocument Compliance

For countries included in the package, covering legal adherence to Continuous Transactions Control (CTC) through an end-to-end QAD ERP customers tailored solution.
Integration of future document versions to accommodate updates on legislation from tax authorities.
Guaranteeing compatibility across diverse countries, facilitating a seamless global rollout from a singular application instance.

For more information on how QAD Internationalization can help your company, please contact your account representative, contact QAD at +1-805-566-6100 or email [email protected].

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.

Learn More

QAD Internationalization

Key Challenges

Capabilities

BENEFITS

SOLUTION

Further Information

5 Key Benefits of an Adaptive ERP in the Cloud

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