{"id":477,"date":"2023-04-06T09:00:33","date_gmt":"2023-04-06T09:00:33","guid":{"rendered":"https:\/\/beta74.thewebsitepreview.com\/wavicle\/dev\/?p=477"},"modified":"2025-11-17T04:53:51","modified_gmt":"2025-11-17T04:53:51","slug":"understanding-immex-manufacturing-savings","status":"publish","type":"post","link":"https:\/\/beta74.thewebsitepreview.com\/wavicle\/dev\/blog\/understanding-immex-manufacturing-savings\/","title":{"rendered":"Understanding IMMEX: How Manufacturers are Leveraging Data to Save Millions\u00a0"},"content":{"rendered":"<p><span data-contrast=\"none\">The IMMEX program was created in 1965 by the Mexican government to increase foreign manufacturing investments and export activities in the country, specifically on the US-Mexican border. Since then, it has given Mexico the means to expand its economy through an influx of foreign capital and created more job opportunities for Mexican workers.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:240}\">\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><b><\/b>IMMEX offers significant tax incentives to authorized companies operating manufacturing plants in Mexico,\u00a0<span data-contrast=\"none\">who can then also tap into the low-cost labor and production the country offers. However, the program\u2019s stringent data tracking and reporting requirements make it challenging for foreign manufacturers to comply with all the program\u2019s regulations if they don\u2019t have robust data and reporting programs. For manufacturers that do, IMMEX can reduce import and export taxes by millions and provide a new way to produce goods efficiently and economically.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:240,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<h2 aria-level=\"2\"><span data-contrast=\"none\">What are the advantages of the IMMEX program for manufacturers?<\/span><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;201341983&quot;:0,&quot;335559738&quot;:40,&quot;335559739&quot;:120,&quot;335559740&quot;:259}\">\u00a0<\/span><\/h2>\n<p><span data-contrast=\"none\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-482\" src=\"https:\/\/beta74.thewebsitepreview.com\/wavicle\/dev\/wp-content\/uploads\/2023\/04\/1-e1680630903612-768x384-1-300x150.png\" alt=\"IMMEX offers significant tax incentives.\" width=\"300\" height=\"150\" srcset=\"https:\/\/beta74.thewebsitepreview.com\/wavicle\/dev\/wp-content\/uploads\/2023\/04\/1-e1680630903612-768x384-1-300x150.png 300w, https:\/\/beta74.thewebsitepreview.com\/wavicle\/dev\/wp-content\/uploads\/2023\/04\/1-e1680630903612-768x384-1.png 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>IMMEX enables foreign manufacturers to save millions (if not billions) on taxes for raw goods and supplies imported into Mexico and finished goods\u00a0exported to the US or Canada. <\/span><em><b>With the IMMEX program, foreign manufacturers are exempt from paying the 16% value-added tax (VAT) added to raw materials and manufacturing equipment imported into Mexico.<\/b><\/em><span data-contrast=\"none\"> These imported goods are classified into two categories: \u201ctemporary\u201d goods, which are the raw materials used to produce the finished manufactured products, and \u201cdefinite\u201d goods, which are the fixed assets like machinery that are imported for use in the manufacturing process.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:240}\">\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Registered maquiladoras (also called \u201cmaquilas\u201d), which are duty-free and tax-free factories, have 18 months to produce the finished goods from start to finish. If they manufacture the goods within this timeframe, they are also completely exempt from the taxes on exporting those finished goods out of Mexico to the US or Canada, which can result in billions of dollars in savings for major manufacturers.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">In addition to the significant cost savings on imports and exports from the IMMEX program, some of the other advantages for foreign manufacturers include:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"none\">A competitive advantage in the global market due to the faster product turnaround times<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"none\">Access to a highly skilled, less expensive workforce in Mexico\u202f<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"none\">Access to Mexico\u2019s 30 ports of entry by land or by sea for imports and exports<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"none\">Additional tax advantages, including reduced income tax rates, accelerated depreciation of fixed assets, and reduced value-added tax on other imported goods<\/span> <span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:360,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-contrast=\"none\">The reporting requirements for IMMEX also force companies to systematize and leverage their data in new ways, thereby providing the benefit of greater visibility into all areas of their manufacturing business. This includes:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"none\">Supply chain visibility: IMMEX provides manufacturers with an in-depth view of their supply chains and logistics, enabling them to identify bottlenecks and optimize processes.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"none\">Real-time manufacturing data: the data generated by IMMEX factories can be used to analyze trends and patterns, improve efficiency, monitor inventory levels, respond to disruptions, optimize schedules, and improve collaboration between manufacturers and suppliers.<\/span> <span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<h2 aria-level=\"2\"><span data-contrast=\"none\">What are the requirements of the IMMEX program?<\/span><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;201341983&quot;:0,&quot;335559738&quot;:40,&quot;335559739&quot;:0,&quot;335559740&quot;:259}\">\u00a0<\/span><\/h2>\n<p><span data-contrast=\"none\">IMMEX requires maquiladoras to maintain a strict automated inventory control system of foreign goods, proper documentation of all import and export activity, and meticulous accounting records. The automated control system that was developed to do this for IMMEX companies is commonly referred to as Annex 24.\u202f<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:120,&quot;335559740&quot;:240}\">\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Using Annex 24, companies must:<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"none\">Track the production of all goods, from the import of raw goods to the export of finished products, within an 18-month timeframe<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"none\">Demonstrate which imports are classified as \u201cdefinite\u201d\u202f<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"none\">Verify that the goods that are qualified as \u201ctemporary\u201d have been exported or \u201creturned\u201d<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"none\">Provide evidence that at least 30% of all products manufactured are exported<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"5\" data-aria-level=\"1\"><span data-contrast=\"none\">Track unfinished goods that are transferred between maquilas in Mexico within the 18-month timeframe<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"none\">Provide reports of all manufacturing activity that must be shared with the Mexican government and be readily available<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"none\">Generate reports indicating which materials were classified as waste or scrap<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"none\">Track and record goods that have been donated<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"none\">Demonstrate which imported goods have been imported from non-NAFTA countries and show that duties owed to Mexican customs for these items have been paid<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" aria-setsize=\"-1\" data-aria-posinset=\"5\" data-aria-level=\"1\"><span data-contrast=\"none\">Track all imports, bills of materials, and exports<\/span> <span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-contrast=\"none\">If a maquila has been operational for at least a year and the company\u2019s Annex 24 has been well-maintained and compliant, then the company can apply for an Annex 30\/31. Annex 30\/31 is the value-added tax program that saves companies the import taxes on raw materials and other \u201ctemporary\u201d goods that come into Mexico for manufacturing.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<h2 aria-level=\"1\"><span data-contrast=\"none\">IMMEX solutions in practice<\/span><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;201341983&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:0,&quot;335559740&quot;:259}\">\u00a0<\/span><\/h2>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\"> <img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-483\" src=\"https:\/\/beta74.thewebsitepreview.com\/wavicle\/dev\/wp-content\/uploads\/2023\/04\/2-e1680631085450-768x250-1-300x98.png\" alt=\"\" width=\"300\" height=\"98\" srcset=\"https:\/\/beta74.thewebsitepreview.com\/wavicle\/dev\/wp-content\/uploads\/2023\/04\/2-e1680631085450-768x250-1-300x98.png 300w, https:\/\/beta74.thewebsitepreview.com\/wavicle\/dev\/wp-content\/uploads\/2023\/04\/2-e1680631085450-768x250-1.png 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/span><span data-contrast=\"none\">As you can see,<\/span> the requirements are complex, and getting the right data is not easy<span data-contrast=\"auto\">.<\/span><span data-contrast=\"none\"> With such precise controls and documentation needed, managing a maquiladora\u2019s data for IMMEX compliance is complicated, but it\u2019s well worth the effort in tax savings. The data required for Annex 24 and 31 is typically stored in an organization\u2019s ERP system, with SAP being the most popular system used by manufacturers. In order to extract, format, and report on the data from SAP, organizations need a customized <\/span><a href=\"https:\/\/wavicledata.com\/data-management-services\/\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"auto\">data management solution<\/span><\/a><span data-contrast=\"none\"> that integrates all data sources and makes it accessible to all parties for review and reporting. With the right data management partner, businesses can establish effective IMMEX reporting systems without making massive investments in their own custom solutions.\u202f\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:264}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">One of Wavicle\u2019s long-term partners is <a href=\"https:\/\/wavicledata.com\/case-studies\/global-electronics-manufacturer-saves-millions-with-data-pipelines-built-for-immex-compliance\/\" target=\"_blank\" rel=\"noopener\">a global electronics manufacturer with factories in Mexico<\/a>, and nearshoring their manufacturing to Mexico was a strategic priority. Part of this strategy was to maximize tax-saving benefits through IMMEX. They attempted to implement this program but failed because they did not have the right data solution to automate and comply with IMMEX.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:264}\">\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:264}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-484\" src=\"https:\/\/beta74.thewebsitepreview.com\/wavicle\/dev\/wp-content\/uploads\/2023\/04\/3-e1680631193778-768x438-1-300x171.png\" alt=\"We designed a data integration to track material through the manufacturing process\" width=\"300\" height=\"171\" srcset=\"https:\/\/beta74.thewebsitepreview.com\/wavicle\/dev\/wp-content\/uploads\/2023\/04\/3-e1680631193778-768x438-1-300x171.png 300w, https:\/\/beta74.thewebsitepreview.com\/wavicle\/dev\/wp-content\/uploads\/2023\/04\/3-e1680631193778-768x438-1.png 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/span><\/b>We helped our client by designing a data integration solution that tracks every piece of raw material and machinery through the manufacturing process <span data-contrast=\"auto\">so they can comply with Annex 24 and Annex 30\/31. Our data pipelines ensure the data is <\/span><span data-contrast=\"none\">accessible by all parties and consistent with what had been entered in their ERP System (SAP).<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:264}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:264}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">In addition to assuring IMMEX compliance, this solution consolidates critical manufacturing data that can fuel automated reports and data visualizations for the plant managers, who would otherwise only have access to manual reporting. Not only has our partnership with this manufacturer helped them achieve full IMMEX compliance \u2013 and save millions \u2013 it has also provided a foundation for data-driven decision-making within their local factories.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:264}\">\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<h2 aria-level=\"1\"><span data-contrast=\"none\">How Wavicle can help your company optimize the IMMEX program<\/span><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;201341983&quot;:0,&quot;335559738&quot;:240,&quot;335559739&quot;:0,&quot;335559740&quot;:259}\">\u00a0<\/span><\/h2>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><span data-contrast=\"none\">The data captured for participation in the IMMEX program can be an invaluable resource for manufacturers, but it needs to be harnessed and reported correctly for businesses to receive the maximum benefit. While many manufacturers in Mexico may have also started building systems for IMMEX, the challenges of manually tracking materials and goods, generating sufficiently detailed reporting, and documenting compliance make it difficult to maximize savings without an automated solution.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Wavicle\u2019s team of <\/span><a href=\"https:\/\/wavicledata.com\/manufacturing\/\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">manufacturing data experts<\/span><\/a><span data-contrast=\"none\"> can help companies comply with IMMEX\u2019s strict reporting requirements using data integration solutions that collect, format, track, and transmit the necessary data right from the organization\u2019s ERP system, thereby cementing their eligibility for the program. Furthermore, <\/span><em><b>our team is currently at work building an automated solution to amplify manufacturers\u2019 tax savings under IMMEX with highly detailed, rapid tracking and reporting for eligible materials and finished goods<\/b>.\u00a0<\/em><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:264}\">\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/wavicledata.com\/contact\/\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">Contact us<\/span><\/a><span data-contrast=\"none\"> today to find out how Wavicle can help you augment your manufacturing data management processes and stay tuned for updates on our automated solution to reap the benefits and savings of the IMMEX program.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The IMMEX program was created in 1965 by the Mexican government to increase foreign manufacturing investments and export activities in the country, specifically on the US-Mexican border. Since then, it has given Mexico the means to expand its economy through an influx of foreign capital and created more job opportunities for Mexican workers.\u00a0\u00a0 IMMEX offers&hellip; <a class=\"more-link\" href=\"https:\/\/beta74.thewebsitepreview.com\/wavicle\/dev\/blog\/understanding-immex-manufacturing-savings\/\">Continue reading <span class=\"screen-reader-text\">Understanding IMMEX: How Manufacturers are Leveraging Data to Save Millions\u00a0<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":1103,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[35],"class_list":["post-477","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-manufacturing","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - 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