CloudBooks for International Business

CloudBooks – the Overseas Business Trend Leaders

 

CloudBooks - Overseas Business

Global Business Philosophy 101

Small businesses as well as large corporations can reap the benefits of expanding operations into overseas markets. As with any new venture, the overseas expansion process does take time and requires careful planning. You also will need to pay particular attention to cultural differences that may require you to alter your normal business processes.

Your business may offer products or services that are unavailable in certain parts of the world but are in high demand. By expanding your operation into these markets, you can establish a new base of eager customers without the immediate threat of competition. The nation’s government may sweeten the pot by offering certain incentives for setting up a business operation, as you’ll provide a boost to its economy and possibly create badly needed jobs.

A new country may offer more favorable economic conditions than the home country. When recession or the implementation of restrictive government polices make turning a profit more difficult, expanding into an area that doesn’t currently pose these challenges can offer a more lucrative alternative. A new nation may offer an economic climate that is more “business-friendly,” offering advantages such as lower taxation or fewer environmental regulations. Workers in other parts of the world are sometimes willing to work for lower wages than those in the United States, which reduces your labor costs.

Overseas expansion increases the exposure to your business, helping you attain a larger “global footprint.” As a result, you’ll gain greater brand recognition throughout the world. This can facilitate even more expansion in the future. You also can attain greater respect from customers and potential business partners in the domestic market, as they may now view you as a bigger player in your industry.

In addition to expanding a thriving business, entering overseas markets can help revive a struggling enterprise. Businesses operating in a saturated market or experiencing a shrinking market share can find new outlets for their products and services in another country. Those depending on certain resources that are in short supply in the home country may be able to find what is needed overseas.

How does CloudBooks help in overseas expansion?

CloudBooks TBM and its Multi-Lingual Interface are ideally suited to all of the above basic considerations:

  • You’ll be able to communicate with no misinterpretation due to language barriers because documents can be prepared in your ‘home’ language and instantly translated into the customer language prior to transmission. Similarly inquiries and responses can be received in the senders’ ‘home’ language and immediately translated into the language of your choice.
  • There will be no ‘loss of income’ as currency exchange rates will be applied to each transaction in real-time.
  • Taxes, such as Value Added Tax (VAT) and Sales Tax can be easily configured to be in compliance with the laws of overseas countries.
  • Management of projects, operations and manufacturing processes will be maintained with ease through integration with the CloudBooks TBM platform.
  • For ease of ongoing business within the main office and the overseas satellite offices, each individual user is able to set their system to the language of their choice without a causing conflict of use. The main office would be able to assign their employees to individual overseas satellite offices’ business without concern for language translation errors. Those main office employees would be able to translate documents, reports and information back to the main office language. For the first time companies would be able to fully integrate their business with any language, in any country.

Summary

Multi-Lingual

All of the CloudBooks TBM programming is inclusive of the Multi-Lingual Interface and the use of ‘true’ translation. The innovation of MLI is a key ingredient to the CloudBooks TBM programming in that it makes CloudBooks a global force. From the main access menu of the system a company home office can select the desired language that the system will operate in. This function will also allow employees to work in alternate languages and currencies that are appropriate to overseas clients. Currency exchange rates are directly linked to external conversion programming and are applicable to each individual transaction. Subsidiaries and branch offices in foreign locations can also conduct their affairs in the language of their country, with data being translated back to the main office in the ‘home’ language for continuity of data.

CloudBooks by Cloudware

How To find out more:

To see what CloudBooks TBM and the Multi-Lingual Interface can do for your business please explore more in the Cloudware website here at CloudwareLLC.com or you are welcome to call us at (407) 442-0894.

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