Avangate is a company established in 2006 with headquarters in the US. The company is a global leader in digital commerce, allowing software companies to accelerate their online sales across each channel, every model, and every market. In October 2013, Avangate acquired Francisco Partners, a leading global equity firm, and in April 2017 they acquired 2Checkout to expand their payment flexibility and market coverage. By 2019, Avangate has 4 large offices, two of which in the US, one in Amsterdam – the Netherlands and an office in Bucharest – Romania. (More about Avangate / 2Checkout)
The beginning was in 2018 when Avangate contacted us with regards to the developed by BTS and approved by NetSuite with the Built for NetSuite batch Romania Localization bundle . Avangate was already using for several years globally the NetSuite system but they wanted to improve the processes and operations of their Romania-based subsidiaries by adding to the system VAT reporting capabilities.
The localization – RO VAT bundle is fully integrated to NetSuite and includes:
- Reports for Anaf.ro – D300, D394 and D390, in the required by ANAF.RO xml format.
- Purchase and Sales Reports – for internal and external audits, in xls format
- Trial balance in classic format – with starting balances, turnover for the period and ending balances
- Integration to the Romanian National Bank – to bring daily rates for the RON towards other currencies, traded by RNB and used by the customer.
Simultaneously with the implementation of the RO VAT bundle into Avangate’s NetSuite system, we developed for them several custom built solutions, which in future will allow them to optimize and automate several repeating and high volume operations of their business.