March 18, 2018, 4:18 am
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1 Philippine Peso = 0.07065 UAE Dirham
1 Philippine Peso = 2.03925 Albanian Lek
1 Philippine Peso = 0.03424 Neth Antilles Guilder
1 Philippine Peso = 0.38878 Argentine Peso
1 Philippine Peso = 0.02441 Australian Dollar
1 Philippine Peso = 0.03424 Aruba Florin
1 Philippine Peso = 0.03848 Barbados Dollar
1 Philippine Peso = 1.59465 Bangladesh Taka
1 Philippine Peso = 0.03042 Bulgarian Lev
1 Philippine Peso = 0.00725 Bahraini Dinar
1 Philippine Peso = 33.68565 Burundi Franc
1 Philippine Peso = 0.01924 Bermuda Dollar
1 Philippine Peso = 0.02513 Brunei Dollar
1 Philippine Peso = 0.13197 Bolivian Boliviano
1 Philippine Peso = 0.06274 Brazilian Real
1 Philippine Peso = 0.01924 Bahamian Dollar
1 Philippine Peso = 1.24856 Bhutan Ngultrum
1 Philippine Peso = 0.1833 Botswana Pula
1 Philippine Peso = 385.14813 Belarus Ruble
1 Philippine Peso = 0.03843 Belize Dollar
1 Philippine Peso = 0.02492 Canadian Dollar
1 Philippine Peso = 0.01817 Swiss Franc
1 Philippine Peso = 11.56676 Chilean Peso
1 Philippine Peso = 0.12147 Chinese Yuan
1 Philippine Peso = 54.65564 Colombian Peso
1 Philippine Peso = 10.85764 Costa Rica Colon
1 Philippine Peso = 0.01924 Cuban Peso
1 Philippine Peso = 1.71451 Cape Verde Escudo
1 Philippine Peso = 0.3954 Czech Koruna
1 Philippine Peso = 3.40189 Djibouti Franc
1 Philippine Peso = 0.11583 Danish Krone
1 Philippine Peso = 0.95768 Dominican Peso
1 Philippine Peso = 2.18536 Algerian Dinar
1 Philippine Peso = 0.24322 Estonian Kroon
1 Philippine Peso = 0.3384 Egyptian Pound
1 Philippine Peso = 0.52366 Ethiopian Birr
1 Philippine Peso = 0.01554 Euro
1 Philippine Peso = 0.03857 Fiji Dollar
1 Philippine Peso = 0.01376 Falkland Islands Pound
1 Philippine Peso = 0.01377 British Pound
1 Philippine Peso = 0.08486 Ghanaian Cedi
1 Philippine Peso = 0.90092 Gambian Dalasi
1 Philippine Peso = 173.16275 Guinea Franc
1 Philippine Peso = 0.14113 Guatemala Quetzal
1 Philippine Peso = 3.94498 Guyana Dollar
1 Philippine Peso = 0.15083 Hong Kong Dollar
1 Philippine Peso = 0.45346 Honduras Lempira
1 Philippine Peso = 0.11564 Croatian Kuna
1 Philippine Peso = 1.22816 Haiti Gourde
1 Philippine Peso = 4.83821 Hungarian Forint
1 Philippine Peso = 264.23624 Indonesian Rupiah
1 Philippine Peso = 0.06596 Israeli Shekel
1 Philippine Peso = 1.24719 Indian Rupee
1 Philippine Peso = 22.77799 Iraqi Dinar
1 Philippine Peso = 725.18276 Iran Rial
1 Philippine Peso = 1.91035 Iceland Krona
1 Philippine Peso = 2.45864 Jamaican Dollar
1 Philippine Peso = 0.01361 Jordanian Dinar
1 Philippine Peso = 2.04381 Japanese Yen
1 Philippine Peso = 1.94402 Kenyan Shilling
1 Philippine Peso = 1.31156 Kyrgyzstan Som
1 Philippine Peso = 76.64486 Cambodia Riel
1 Philippine Peso = 7.62813 Comoros Franc
1 Philippine Peso = 17.31435 North Korean Won
1 Philippine Peso = 20.43921 Korean Won
1 Philippine Peso = 0.00577 Kuwaiti Dinar
1 Philippine Peso = 0.01578 Cayman Islands Dollar
1 Philippine Peso = 6.19392 Kazakhstan Tenge
1 Philippine Peso = 159.13813 Lao Kip
1 Philippine Peso = 28.96306 Lebanese Pound
1 Philippine Peso = 2.99731 Sri Lanka Rupee
1 Philippine Peso = 2.51808 Liberian Dollar
1 Philippine Peso = 0.22701 Lesotho Loti
1 Philippine Peso = 0.05865 Lithuanian Lita
1 Philippine Peso = 0.01194 Latvian Lat
1 Philippine Peso = 0.02549 Libyan Dinar
1 Philippine Peso = 0.17605 Moroccan Dirham
1 Philippine Peso = 0.31722 Moldovan Leu
1 Philippine Peso = 0.9521 Macedonian Denar
1 Philippine Peso = 25.75991 Myanmar Kyat
1 Philippine Peso = 45.95998 Mongolian Tugrik
1 Philippine Peso = 0.15526 Macau Pataca
1 Philippine Peso = 6.7526 Mauritania Ougulya
1 Philippine Peso = 0.6314 Mauritius Rupee
1 Philippine Peso = 0.29954 Maldives Rufiyaa
1 Philippine Peso = 13.72489 Malawi Kwacha
1 Philippine Peso = 0.35769 Mexican Peso
1 Philippine Peso = 0.07511 Malaysian Ringgit
1 Philippine Peso = 0.22628 Namibian Dollar
1 Philippine Peso = 6.86803 Nigerian Naira
1 Philippine Peso = 0.5935 Nicaragua Cordoba
1 Philippine Peso = 0.14867 Norwegian Krone
1 Philippine Peso = 1.99584 Nepalese Rupee
1 Philippine Peso = 0.0263 New Zealand Dollar
1 Philippine Peso = 0.0074 Omani Rial
1 Philippine Peso = 0.01924 Panama Balboa
1 Philippine Peso = 0.0625 Peruvian Nuevo Sol
1 Philippine Peso = 0.0606 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.12524 Pakistani Rupee
1 Philippine Peso = 0.0653 Polish Zloty
1 Philippine Peso = 105.73297 Paraguayan Guarani
1 Philippine Peso = 0.07002 Qatar Rial
1 Philippine Peso = 0.07245 Romanian New Leu
1 Philippine Peso = 1.09698 Russian Rouble
1 Philippine Peso = 16.21431 Rwanda Franc
1 Philippine Peso = 0.07214 Saudi Arabian Riyal
1 Philippine Peso = 0.14897 Solomon Islands Dollar
1 Philippine Peso = 0.25735 Seychelles Rupee
1 Philippine Peso = 0.34725 Sudanese Pound
1 Philippine Peso = 0.15738 Swedish Krona
1 Philippine Peso = 0.02519 Singapore Dollar
1 Philippine Peso = 0.01377 St Helena Pound
1 Philippine Peso = 0.4272 Slovak Koruna
1 Philippine Peso = 146.78723 Sierra Leone Leone
1 Philippine Peso = 10.96576 Somali Shilling
1 Philippine Peso = 380.96766 Sao Tome Dobra
1 Philippine Peso = 0.16833 El Salvador Colon
1 Philippine Peso = 9.90727 Syrian Pound
1 Philippine Peso = 0.22641 Swaziland Lilageni
1 Philippine Peso = 0.59908 Thai Baht
1 Philippine Peso = 0.04615 Tunisian Dinar
1 Philippine Peso = 0.04292 Tongan paʻanga
1 Philippine Peso = 0.07466 Turkish Lira
1 Philippine Peso = 0.13004 Trinidad Tobago Dollar
1 Philippine Peso = 0.56124 Taiwan Dollar
1 Philippine Peso = 43.40131 Tanzanian Shilling
1 Philippine Peso = 0.50135 Ukraine Hryvnia
1 Philippine Peso = 70.1616 Ugandan Shilling
1 Philippine Peso = 0.01924 United States Dollar
1 Philippine Peso = 0.54386 Uruguayan New Peso
1 Philippine Peso = 156.42555 Uzbekistan Sum
1 Philippine Peso = 703.30896 Venezuelan Bolivar
1 Philippine Peso = 437.93767 Vietnam Dong
1 Philippine Peso = 1.99827 Vanuatu Vatu
1 Philippine Peso = 0.04836 Samoa Tala
1 Philippine Peso = 10.18969 CFA Franc (BEAC)
1 Philippine Peso = 0.05194 East Caribbean Dollar
1 Philippine Peso = 10.18969 CFA Franc (BCEAO)
1 Philippine Peso = 1.85379 Pacific Franc
1 Philippine Peso = 4.80666 Yemen Riyal
1 Philippine Peso = 0.22646 South African Rand
1 Philippine Peso = 99.83648 Zambian Kwacha
1 Philippine Peso = 6.96229 Zimbabwe dollar

Global business demands a globally ready ERP

It’s been said so often it’s almost become cliché -- these days all businesses are global businesses.

In fact, going global is easier than ever and a near imperative due to technologies such as the Internet, computers, mobile devices; as well as access to a globally integrated network of labor, suppliers and manufacturers. Moreover, the ease of doing business now across borders—through more tightly integrated regional trading blocs such as the ASEAN Economic Community, removes some of the biggest hurdles to global expansion.

What isn’t said so much is that a global business demands a globally-ready business system as well. Face it, business software can be a complicated and process-intensive system. That’s to be expected given the intricacies of today’s business and the importance of getting accurate financial information in a timely fashion. So, when it comes to managing a global business, finding the right solution is particularly important.

What is ERP Software? A key business system that many businesses employ, especially when they grow to a certain scale are what are called Enterprise Resource Planning systems, or ERP. While ERP always demands accurate data and timeliness in delivering that data to provide visibility into financials across all parts of the enterprise, those requirements become even more pressing—and difficult – with a globally-deployed ERP system. 

An obvious starting point is taxes. Complex and quickly changing tax requirements can tax an ERP system. Managing a company’s financials requires compliance with the local tax codes and tax rules. When a company extends its business internationally those codes and rules, and the complexity around them suddenly expand significantly, possibly exponentially. A global ERP system demands a system that can quickly incorporate the tax requirements of new subsidiaries or customers in the new locations. 

Indirect taxes, like Sales Tax, VAT/GST; and withholding of direct taxes on income can be particularly vexing as businesses need to establish and show who is doing the selling and the buying and whether they get specific treatment like a non-profit; the location of the sale if it’s in a different province, state, country, etc.; the type of service or product they are selling and whether it is exempt from something like a VAT; and other specifics that can impact a tax rate, such as the type of product or service that is being delivered.  Some global companies like Amazon and Starbucks ran afoul of tax issues when they set up operations in markets outside of their home country. Locally—the same happened as well to some multinational ecommerce/group buying companies. Of course, that’s no reason not to expand a business internationally, but it’s a cost of doing business that must be accounted for in an ERP system. 

Global ERP requirements go beyond taxes, of course. Subsidiaries in foreign countries still need to roll up their financial data to headquarters so the company can close its books. Getting data from the subsidiary to headquarters can take time, potentially a lot of time with a global ERP system that isn’t properly integrated. Time lost closing the books can mean lost opportunities. 

Additionally, global operations require support for multiple languages and currencies from their ERP system. An American company opening a subsidiary in Manila or Singapore may get off easier on the language front than one where the local populace doesn’t speak English, but it still needs to be able to handle Philippine Pesos and Singapore Dollars. A global ERP system needs to be able to serve up information in the local language and local currency. 

Furthermore, the larger and more far flung an organization becomes, the harder it is to have a clear view into business operations. Without visibility into vital operations like orders, the supply chain and inventory, strategic business decisions can miss important opportunities or worse, reflect an inaccurate reality. That demands a global ERP system that can tie all those processes together.

What’s more, a global business presents the specter of a mish mash of siloed systems that can’t pass data back and forth. Some organizations may find themselves running a separate accounting and eCommerce system for every country they operate in, each tuned to local tax and accounting requirements. That, in turn, forces finance and IT to spend inordinate amounts of time consolidating and rectifying data. A true global ERP system should be able to run anywhere and reflect the local tax and compliance requirements without excessive customization.

Of course, no ERP system is going to be able to handle every process for every business in every industry out of the box. That requires a system that can both be customized to a specific business’ needs and integrated with other mainstream financial systems without requiring an army of consultants. A global ERP system adds a layer of complexity that will tax those capabilities.

Finally, global ERP systems can place a significant burden on IT resources. Separate on-premise instances demand not only software but new data centers and hardware -- whether the ERP system is the same software used at headquarters or from a specific vendor in the host country. A subsidiary, division or acquired company needs local IT staff with the right skills to manage the system. Finding the right ERP skill set can be a challenge, particularly in some locales. That can add cost and complexity to a project, potentially requiring moving staff from headquarters or simply finding and training local talent.

Evaluating Global ERP software. Finding the right global ERP system therefore means selecting a solution that is sophisticated enough to handle compliance, taxes and currency fluctuations, agile enough to adapt with them when they change and simple enough to get up and running quickly for businesses eager to expand to new domains or bring aboard a foreign acquisition.

Software buyers should pay close attention to all of these factors when evaluating a global ERP system. Can it handle multiple tax codes and if so, how quickly or easily can it be updated when those laws or tax codes change. Does it handle multiple languages and currencies and can it calculate exchange rates in real time? 

On-demand, or cloud, solutions can provide some of the answers. Software accessed over the internet can spare a global company the trouble and expense of setting up data centers in far flung locations and hiring or transferring skilled IT workers. Multi-tenant ERP software vendors can also provide agility and flexibility by accounting for tax or compliance changes once in the central system and pushing it out to all customers at once.

However, global ERP software buyers should have some specific questions for cloud vendors. How well does the solution scale? As global business grows, will the software continue to meet my business needs?

The integration capabilities of the software are paramount as well. While all ERP software is going to require some integration, buyers should ask cloud vendors specific questions about their capabilities. Do they have open application programming interfaces (APIs)? Do they have prebuilt connectors to the most widely-used ERP systems? What about their partner ecosystem? Are there other companies ready to step up and offer industry- or country-specific capabilities that the core system does not? What’s the current status of the partner ecosystem and what are its prospects for the future?

Selecting ERP software is never an easy task and there is a long list of failure stories, but it’s also vital for any business with serious growth ambitions and when it comes to the global marketplace, there are very specific needs to be addressed. - By Jan Pabellon, Group Product Manager for Asia Pacific, NetSuite
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