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Solutions > LynasSPED > SPED Risks
SPED Risks
Common mistakes with SPED compliance create unacceptable risks
Companies are realizing that the SPED program is introducing major risks to their business;
- High Cost of maintaining compliance;
- Constraining business improvement initiatives;
- Oversight visibility results in more conservative tax policies;
- Use of multiple systems for Brazil localization results in discrepancies
High cost of implementation and ongoing maintenance stems from attempting to extend legacy systems with solutions that broadly meet one of four common faults:
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Custom solutions that involve hard coded business and SPED logic.
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Upgrading to new versions at considerable expense only to find that for the SPED solution to work, it requires adherence to rigid business rule assumptions, or substantial customization;
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Implementing third party solutions that may be functionally compatible with Brazilian tax and SPED reporting needs, but are not technically suited to the challenge of disparate data consolidation and the rapidly evolving nature of both your business and SPED rules.
- Failure to co-ordinate separate SPED File submission (NF-e, Contabil, Fiscal) through a process that adheres to the "single version of the truth" principle.
Business Constraint Risks primarily arise from the use of hard coding of complex business logic in either the integration or the core solution. Taking this approach locks in current business processes and constrains future business improvement initiatives.
Conservative tax policies may result when your underlying solutions lack the capability to accurately calculate and audit Brazilian tax data.
The Lynas Solution was designed to meet the SPED challenge by eliminating these risks. Learn More
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