Driving Business Success Through Compliance & Sustainability: Key Takeaways from the ITG and NetSuite Event
February 26, 2025 | Event
Last February 20, 2025, business leaders and industry experts gathered at the Holiday Inn & Suite, Ramie Function Room, Makati City for the “Avoiding Tax and Reporting Penalty” event hosted by ITG in partnership with Oracle NetSuite. The session offered valuable insights into the importance of BIR CAS and SEC compliance, the growing relevance of ESG (Environmental, Social, and Governance) standards, and how businesses can thrive through digital transformation. By adopting accurate tax reporting and sustainability practices, companies can enhance efficiency, reduce risks, and stay ahead of future regulations.
A Warm Welcome from ITG
The event commenced with an opening speech by ITG’s Chief Marketing Officer, who emphasized the significance of compliance and sustainability in today’s business landscape. She highlighted the need for organizations to stay proactive in adapting to regulatory changes while leveraging technology to drive growth and efficiency.
Insights on ESG, Sustainability, Compliance, and Audit
One of the highlights of the event was the insightful discussion led by Rubie Villamor, Practice Head of BMS at PH IT Group, Inc. Rubie delved into ESG, sustainability, compliance, and audit, sharing her perspectives on the Philippines’ current stance on sustainability. She covered strategies that make businesses sustainable and underscored the critical role of ESG as a guiding framework.
Rubie provided an overview of what compliance will look like in 2025, covering key areas such as Sustainability Reporting, EOPT Law, VAT in Digital Services, BIR Computerized Accounting System (CAS) Compliance, and E-invoicing & Sales Data Transmission. She stressed the financial and operational consequences of non-compliance and concluded her presentation with a practical checklist on how businesses can become compliance and audit-ready. Rubie emphasized the importance of adopting suitable technology to achieve and maintain compliance effectively.
Leveraging NetSuite for Seamless Compliance
In a deep dive session, Darwin Leong, ITG’s Pre-Sales Consultant on NetSuite, demonstrated the capabilities of the NetSuite system in supporting BIR requirements. His demo showcased how NetSuite simplifies compliance through features like:
- Access Control
- Audit Trail
- BIR CAS Compliant Forms
- Tax Audit Files Report
- Operational, Management, and Financial Reports
- EIS Mapping Saved Search
Darwin highlighted how NetSuite empowers businesses to achieve seamless operations and future-proof themselves against evolving regulations, promoting efficiency and accuracy in tax reporting.
Customer Success Story: UCC Ueshima Coffee Philippines, Inc.
To reinforce the practical benefits of NetSuite, Mr. Jamile Merlan from UCC Ueshima Coffee Philippines, Inc. shared their transformational journey with ITG and NetSuite. He recounted their shift from manual reporting, poor audit trails, and high risks of fraud and errors due to the lack of system controls.
With Oracle NetSuite implemented by IT Group Inc., UCC significantly improved tax compliance, reduced operational inefficiencies, and enhanced financial transparency. The automation led to lower overtime costs, increased employee satisfaction, and better regulatory adherence, demonstrating how digital transformation can drive business growth and sustainability.
Moving Forward: Embrace Compliance and Sustainability
The event underscored the importance of integrating compliance and sustainability into business operations. With evolving regulations and growing ESG standards, companies must stay proactive and leverage technology to remain competitive. With the right tools and strategies, companies can streamline compliance, optimize operations, and drive positive impact across industries.
ITG, in partnership with Oracle NetSuite, is committed to helping businesses navigate these complexities with tailored solutions that ensure compliance, boost efficiency, and drive long-term growth. We thank all our participants for an engaging and insightful discussion—we look forward to seeing more businesses embark on their journey toward efficiency, compliance, and sustainability!
Ready to future-proof your business?
Connect with ITG today and discover how Oracle NetSuite can streamline your operations, enhance compliance, and support your sustainability goals. Interested? Book a meeting with our experts to learn more about our BIR CAS bundle solution.
Visit our website: https://itgroupinc.asia/
#ITG #OracleNetSuite #BIRCompliance #Sustainability #ESG #DigitalTransformation #TaxCompliance #BusinessGrowth
Strengthening Cybersecurity Resilience: Highlights from CyberSecPhil 2025 with ManageEngine & IT Group Inc.
Strengthening Cybersecurity Resilience: Highlights from CyberSecPhil 2025 with ManageEngine & IT ...
Driving Business Success Through Compliance & Sustainability
Driving Business Success Through Compliance & Sustainability: Key Takeaways from the ITG and ...
Go Live: CBCP Goes Live with Oracle NetSuite
Christian Bible Church of the Philippines (CBCP) Goes Live with Oracle NetSuite: Strengthening ...