{"id":5143,"date":"2022-08-18T15:30:23","date_gmt":"2022-08-18T14:30:23","guid":{"rendered":"https:\/\/www.intelligentcio.com\/latam\/?p=5143"},"modified":"2022-09-20T10:24:46","modified_gmt":"2022-09-20T09:24:46","slug":"rackspace-technology-helps-konesh-soluciones-manage-tax-risks","status":"publish","type":"post","link":"https:\/\/www.intelligentcio.com\/latam\/2022\/08\/18\/rackspace-technology-helps-konesh-soluciones-manage-tax-risks\/","title":{"rendered":"Rackspace Technology helps Konesh Soluciones manage tax risks"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p><strong><em>Konesh Soluciones is an Authorised Certification Provider based in Mexico. To comply with Mexico\u2019s tax regulations, the company relies on Rackspace Technology\u2019s robust dedicated infrastructure. We find out more about Konesh\u2019s deployment of Rackspace\u2019s technology and how it has aided the enterprise. &nbsp;<\/em><\/strong><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Konesh Soluciones (Konesh) is authorised by the Mexican Tax Administration Service (SAT) to assist clients throughout Mexico with the secure preparation and transmission of electronic tax documents. As an Authorised Certification Provider (PAC), Konesh is subject to regular audits and must meet strict security requirements. To maintain this authorisation, it must meet and exceed stringent compliance and security standards. The company must also meet the equally strict standards of clients in the financial and other vital economic sectors, who entrust Konesh with their sensitive data.<\/p>\n\n\n\n<p>Founded in Mexico City in 2006, Konesh was among the first Mexican businesses to be designated by the SAT as a PAC. In Mexico today, nearly eight in 10 (79%) of all invoices, payroll and commercial transactions pass through the country\u2019s 68 PACs, with Konesh currently ranking third for the volume and the total number of taxpayers it serves.<\/p>\n\n\n\n<p>Throughout its history, Konesh has created more than 1.5 billion documents for 450,000 taxpayers, including 200 of the largest and best-known companies in Mexico and Latin America, as well as prominent multinational companies such as PepsiCo; Femsa; Inbursa; Oxxo; Louis Vuitton; and Burberry. Konesh is also known for its electronic invoicing, electronic document exchange and analytical information visualisation services and for helping companies create value and achieve efficiencies in tax risk prevention, e-invoicing and supply chain management.<\/p>\n\n\n\n<p><strong>The obstacles Konesh Soluciones<\/strong> <strong>faced<\/strong><\/p>\n\n\n\n<p>At the outset of the pandemic, there were many major government projects underway. At the same time, the government began to face vital income disruption from industries and revenue resources (including oil, tourism, transportation and trade) that were hit hard by the pandemic. Seemingly overnight, the ability to collect tax revenue became essential to the Mexican government.<\/p>\n\n\n\n<p>At the heart of tax collection are the PACs, which form an orderly and structured data ecosystem and fuel one of the world\u2019s most advanced and recognised tax collection models. These PACs made a decisive impact on national transformation projects and priorities during COVID-19, and by contributing to the fulfilment of taxpayer obligations, Konesh shared the critical responsibility of enabling a significant part of the country&#8217;s tax collection.<\/p>\n\n\n\n<p>Konesh is also responsible for absorbing, communicating and correctly implementing the tax implications of all new regulations, including CFDI, which is an electronic invoicing and digital tax receipt system that only PACs can use for tax transactions.<\/p>\n\n\n\n<p>\u201cTo sell anything in Mexico, a business must issue a tax receipt \u2013 an electronic invoice,\u201d said H\u00e9ctor Guti\u00e9rrez, Chief Executive Officer, Konesh Soluciones. \u201cAnd you can&#8217;t pay someone their salary if you don&#8217;t issue an electronic invoice. Every transaction in our country is secured by CFDI \u2013 it\u2019s required to receive income.\u201d<\/p>\n\n\n\n<p>New in 2022, Carta Porte requires the issuance of digital tax documents whenever goods are transferred within Mexican territory. With several clients actively using CFDI 4.0 and others currently in the process of migrating, Konesh worked diligently to become compliant with all new provisions. With help from Rackspace Technology, Konesh also implemented Carta Porte on a tight government deadline for several key clients, including retailers Oxxo and Palacio de Hierro.<\/p>\n\n\n\n<p><strong>How Rackspace Technology helped<\/strong><\/p>\n\n\n\n<p><strong>Innovating with analytics for better client outcomes: Datzilla<\/strong><\/p>\n\n\n\n<p>Recently Konesh developed Datzilla, a Big Data tool to be able to respond to SAT systems in real-time. Datzilla is a highly available, secure and reliable, cloud-based application built to analyse data in milliseconds to deliver all of a company\u2019s tax information in a single platform.<\/p>\n\n\n\n<p>\u201cWe created Datzilla \u2013 the \u2018Godzilla of data\u2019 \u2013 which is a Big Data tool to respond to SAT systems in real-time,\u201d said Guti\u00e9rrez. \u201cThe earliest Datzilla concepts were developed several years ago in San Antonio, Texas. We built it after discussing the concept with the experts at Rackspace Technology.\u201d<\/p>\n\n\n\n<p>Capable of analysing 200 million documents in fractions of a second, Datzilla delivers at-a-glance information, combined with data analysis and agile conclusions to enable better decision-making capabilities for clients. Specifically, Datzilla offers clients:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Real-time monitoring, analysis and auditing of CFDIs for income, expenses, payments and taxes<\/li><li>Cross-referenced, existing SAT information<\/li><li>Consistent information throughout purchase orders, receipts, inventory, CFDIs and payment<\/li><li>Payroll analysis and validation<\/li><\/ul>\n\n\n\n<p>\u201cOn this platform, once we generate a document, be it a consignment note or an invoice or a payroll receipt, we will now have instant, comprehensive capability to help our clients comply,\u201d said Guti\u00e9rrez. \u201cAn intangible aspect of partnering with Rackspace Technology is our combined ability to make changes with the least impact in the least invasive and least destructive way because, together, we\u2019re prepared to make changes quickly.\u201d<\/p>\n\n\n\n<p>Imar Canch\u00e9, Chief Information Officer, Konesh Soluciones, added: \u201cDatzilla is the most attractive part of our business right now. It&#8217;s a tool that we developed and designed ourselves, incorporating into our development the knowledge, tips and experiences that the Rackspace Technology team shared with us.\u201d<\/p>\n\n\n\n<p><strong>What both companies achieved together<\/strong><\/p>\n\n\n\n<p>Rackspace Technology provided Konesh with access to resources and expertise in security, databases, networks, operating systems and infrastructure. During the pandemic, Konesh had to implement a range of tools to enable remote work and Rackspace Technology helped it implement a home office platform. The company successfully implemented data protection control rules, using a Microsoft platform \u2013 which is managed by Rackspace Technology.<\/p>\n\n\n\n<p>Konesh Soluciones\u2019 managers cite the high level of support that distinguishes Rackspace Technology as a long-standing service provider to the company. It continues to record successful annual audits, maintains its PAC status and implements compliance and consistent security standards amidst a rapidly changing environment and tight timelines.<\/p>\n\n\n\n<p>\u201cIf it weren\u2019t for the entire Rackspace Technology team accompanying us every step of the way, we hardly would have achieved the learning in the time we had,\u201d said Guti\u00e9rrez. \u201cWe currently have zero incidents with our customers, we have continuity of more than 99.98% for an operation of this size, which is mainly due to the quality of the Rackspace Technology infrastructure. Rackspace Technology collaborates with us, suggests ideas, understands our challenges and they bring to the table different alternatives to continue our critical mission.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Konesh Soluciones is an Authorised Certification Provider based in Mexico. To comply with Mexico\u2019s tax regulations, the company relies on Rackspace Technology\u2019s robust dedicated infrastructure. We find out more about Konesh\u2019s deployment of Rackspace\u2019s technology and how it has aided the enterprise. &nbsp; Konesh Soluciones (Konesh) is authorised by the Mexican Tax Administration Service (SAT) [&hellip;]<\/p>\n","protected":false},"author":48,"featured_media":5144,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71,1941,49,3],"tags":[2298,288,12,1995],"class_list":["post-5143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-finance","category-finance","category-mexico","category-top-stories","tag-konesh-soluciones","tag-latin-america","tag-mexico","tag-rackspace-technology"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/posts\/5143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/users\/48"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/comments?post=5143"}],"version-history":[{"count":3,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/posts\/5143\/revisions"}],"predecessor-version":[{"id":5609,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/posts\/5143\/revisions\/5609"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/media\/5144"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/media?parent=5143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/categories?post=5143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/latam\/wp-json\/wp\/v2\/tags?post=5143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}