Improvements in technology and communications have made it easier to sell - and source - your products all over the world. While there's plenty of opportunity to expand your business into new markets, you might be asking yourself "do I have the proper systems in place to support such international ambitions?" With Sage X3, the answer is yes and here's why.
FOLLOWING THE MONEY TRAIL
If you're selling into foreign countries, it's important to be able to take your customer's currency into account throughout each stage of the transaction process - from order entry and invoicing, to payment processing and ultimately to the general ledger.
From Pesos and Pounds to Euros and Yen, Sage X3 provides built-in currency conversion with the ability to store and update price lists in the customer’s currency, as well as post gains and losses from currency fluctuation to the GL.
THE INTERNATIONAL LANGUAGE OF BUSINESS
Sage X3 is configured for a wide range of languages, each of which can be assigned per user. So your Spanish AP clerk, French warehouse manager, and Italian accounting staff all use the same system but are able to use screens to display their native language. This can come in handy for companies that have branches or divisions in several countries.
Every country has unique regulatory and legal requirements that you'll need to follow. That's why Sage X3 has country-specific parameters that are built right into the system, allowing you to configure options that account for local practices, taxation rates and laws, financial reporting rules, and other nuances of just about any jurisdiction.
EXTENDING YOUR SUPPLY CHAIN
When it comes to managing a global supply chain, information needs to flow seamlessly, regardless of whether it's between your own business units or your foreign business partners. Because Sage X3 is natively web-based, accessing and updating the system is made easy. For example, providing access to your foreign manufacturing partner allows them to update key information such as production schedules, promised delivery dates and advanced shipment notifications as if they were an extension of your business.
Technology is breaking down borders, allowing you to compete effectively in this brave new "global economy." Contact Us if you'd like to learn more about going global with Sage X3.
