SAP confirms that SAP S/4HANA Cloud solution is now generally available in Mexico, bringing the savings and efficiency benefits of the solution to Mexican businesses.
“We see tremendous opportunities for SAP S/4HANA Cloud in the Mexican market, the first Latin American market where we launched a localised version of this software,” said Franck Cohen, president, Cloud ERP, SAP.
“The intelligent cloud suite from SAP supports large and midsize companies in Mexico to further accelerate their innovation agenda. We look forward to collaborating with customers and partners across a range of industries to guide them on their journey to the public cloud,” he said.
A number of localisations designed to meet specific Mexican regulations are being implemented, including the ability to generate files from informative operation with vendors (DIOT) declarations and VAT declarations. A new field has also been provided to include a universally unique identifier (UUID) in materials management, sales and distribution, and finance.
The localised solution will also include mapping of Mexican general ledger accounts to SAP S/4HANA Cloud, enabling users to generate Mexican-specific financial statements. Other features will enable control of tax declarations on a tax basis, e-payments, and e-invoicing.
Reporting will generate XML files for Catálogo de Cuentas de Contabilidad Electrónica, as well as providing journal entries reporting for Pólizas de Contabilidad Electrónica, and accounts auxiliary reporting for Auxiliar de Cuentas de Contabilidad Electrónica.
SAP is planning for the possibility that additional localisations may be needed to accommodate last-minute changes during the implementation of Mexico’s new e-payment law, which went into effect last December.