more-arw search

Q&A Forum

Consolidation / Foreign Currency / Start-up

Mike Long's Profile

Hi Guys, I need to identify Saas based ledger systems that i can use for a new start-up with operations in US and Chile. Prfereable the Chilean ledger is in spanish and obviosly needs to deal with the local currency. Then i need an App that will consolidate the two so we can do monthly board reporting. My usual set up for a start-up is QBO or Xero, and Tallie (expense reporting). I need similar apps that will work in Chile. Any thoughts? Thanks in advance.


John Herndon
Title: Senior Consultant
Company: NOWCFO
(Senior Consultant, NOWCFO) |

Since you are looking at a MNC with entities using multiple currencies, I would not suggest using QB or Xero. The type of ERP needed is largely depended on the nature of the business you are in, is this a service or tangible product? You mention that the Chilean GL needs to be in local currency, however if you are looking for GAAP compliant environment I suggest walking through the seven step test under US GAAP needed to make that determination.

If your company has a tangible product, I highly recommend SysPro. The installation is the closest to 'out of the box' any tier II system can get to these days. The solution for a service based business in Netsuite, they have industry instances that can be set up fairly quickly and easily.

Products and Companies

Get Free Membership

By signing up, you will receive emails from Proformative regarding Proformative programs, events, community news and activity. You can withdraw your consent at any time. Contact Us.

Business Exchange

Browse the Business Exchange to find information, resources and peer reviews to help you select the right solution for your business.

Learn more

Contribute to Community

If you’re interested in learning more about contributing to your Proformative community, we have many ways for you to get involved. Please email to learn more about becoming a speaker or contributing to the blogs/Q&A Forum.