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Can SPED reduce my costs?
The SPED program was designed by the Brazilian government to streamline auditing, reconciliation and reporting processes.
The obvious benefit to the Brazilian government is tremendous efficiency gains in compliance with tax auditing and statistical reporting. There are less obvious, but potentially more important benefits to the economy as a whole.
Individual companies are finding ways to simply use the same SPED structures to deliver cost reductions and improve visibility across the enterprise.
- Streamline Auditing and Reconciliation processes;
- Implement auditing processes that enforce more optimal tax policies;
- Consolidate and analyze detailed data across branches and companies within a group