|
 Introduction
Clients with Mancera, Ernst & Young obtain more than mere ideas and solutions for their problems, they also benefit from the synergy that comes from relying on a professional service provider with multiple capabilities.
In today's world of global markets, technology is redefining operation standards and business opportunities, and the demand for quality and higher productivity has never been so imperative.
These forces work together in a powerful way and put increasing pressure on your business, obliging you to seek out new ways of operating which reduce costs and add value for your clients. Consequently, opportunities present themselves for developing new competitive advantages and expanding market share. These realities force management to handle multiple challenges daily.
To meet these challenges with success, a multitude of answers must be found. Your team, comprised of professionals from Mancera, Ernst & Young and your own staff, will strive to improve the capabilities required of the organization.
In this way, the firm which audits your financial statements is also the firm that helps you develop and improve your information systems; the firm that helps you plan your taxes - taking into consideration local and international regulations - is also the firm that helps you implement the most advanced information systems on the market.
The firm which assists you in obtaining capital in international markets is also the firm that can help you to develop and design efficient work flow processes.
The firm which helps you evaluate and determine the feasibility of an acquisition, is also the firm that can assist you in the design of compensation and benefits programs for your executives, employees and pensioners, take your company public and give you an advantage in many other situations. That firm is
Professional Focus
The object of our services is to provide concrete solutions to specific problems, while offering immense added value to each and every service we extend.
Nothing serves to illustrate and define contemporary history in such a categorical way as the dynamic of change. For this reason Mancera, Ernst & Young provides professional services to public and private organizations with a high degree of added value so that they can better confront change. Our focus on consulting and assistance is based on the following principles.
First, we believe working with a client means working in an attitude of complete cooperation. This cooperation assures that the organization's specific problems will be approached correctly and that our recommendations to solve them will be understood and implemented in an effective manner. After all, the purpose of our service is to provide concrete solutions to specific problems with the added value we always offer in each of our services.
A second principle which distinguishes our services is specialization. This is our key to added value. Constantly maintaining this principle means heavy investments in training and development of new services. This knowledge is then integrated into the systems, methods, tools and techniques which we use to define and solve our client's problems with the assurance that the solutions can be continually and effectively used.
We believe in specialization and we practice it. It is the reason we are the leader in practically all industries in the country.
Although Mancera, Ernst & Young is one of the top professional service firms in Mexico and the world, we place great importance on personal relationships. We work in integrated groups and base our efforts on individual initiatives to solve particular problems, yet another distinguishing principle.
Past and Present
Our experience and expertise goes beyond our borders
 National Presence
Since being founded in 1934, we have been the leading firm in professional services in Mexico. These services are provided to a host of companies who operate throughout the spectrum of industry fields in private and public sectors and to a large number of multinational companies.
We cite the following examples /
We audit more than 17% of the assets of companies quoted on the Mexican Stock Market (BMV).
Of the Expansion 500, we audit:
32% based on stockholder's equity
30% based on assets
29% based on sales
We audit 85% of the Mexican insurance market
We audit 75% of national poultry production
We audit 43% of pension funds (AFORES)
We audit 22% of the financial sector in the country.
We are the auditors of the two largest companies in the country
We provide diverse professional services to the principal manufacturing, food and retail companies in the country
We are consultants to leading companies in diverse industries throughout the country
We have technological agreements with companies such as SAP, Microsoft, Oracle, Compaq, Hewlett Packard, etc.
We serve public institutions at federal and state levels
Currently, there are more than 1,700 professionals working in diverse disciplines within our organization with a single goal in mind: give greater value to our clients distributed in 21 cities within the Mexican Republic.
International Presence
Since 1959 we have formed an integral part of Ernst & Young International, one of the leading professional service firms. Considered to be within the top five firms in the world, Ernst & Young works for one fourth of the largest companies whose operations are found in all parts of the globe.
A few examples we can cite:
Audits 1 of every 5 companies listed on the Business Week 1000
Audits 20% of the Fortune 500
Audits 22% of the 50 largest banks in the world
Has the largest tax accounting practice worldwide
Has the second largest business consulting practice in the world
Has occupied the number one growth position among the six largest firms (including the latest merger) during the last four years.
Ernst & Young is made up of 85,000 people working in more than 675 offices located in 132 countries. Thanks to this diversity we can offer all our services confidently, with an international perspective and the backup necessary to reach success and deliver you the best value.
Professional Services
Because of our experience and know-how we are able to identify critical areas and functions for our clients.
All the services offered in Mancera, Ernst & Young are extended with great added value in an integral way. This means the experience and knowledge acquired in accounting, fiscal and consulting services gives us the background to identify key areas and functions for each client and, in turn, gives us a basis for increasing their efficiency. Additionally, the professionals from our firm are able to immerse themselves into a client's culture, which eliminates communication and coordination problems and reduces timetables and costs.
Auditing
When a client contracts our auditing services, we believe our responsibility should go beyond the simple issuing of an audit report.
We see auditing as a tool for improving the management process and evaluating controls and other aspects of the company. Our reports do not focus solely on the past, they are also oriented on the present and the future. As a result of this focus, we make recommendations for improving controls, making methods and procedures more agile, and when possible, increasing profitability.
The auditing procedure used in Mancera, Ernst & Young is designed in such way as to permit the effective and efficient action of a multi-disciplinary team, including the timely participation of our executives during the entire process, the use of alternatives based on the client's particular needs, our own professional judgment and the experience we have accumulated through many years of service.
|
The use of this advanced method worldwide does not translate into a series of rigid instructions to be followed without applying professional judgment. It is, instead, designed to put the focus on the business risks of each client, their financial statements and to determine how these risks can affect operations.
Additionally, the audit area offers related services like:
Assistance and special reviews for purchasing a company
Assistance with placing corporations on the stock market and making transactions in money markets here and abroad
Converting financial statements using accounting principles from other countries
Special revisions
Tax
The constant and complex changes stipulated by the diverse tax laws, as well as the increasing relation to tax systems of other countries, makes it necessary for companies, regardless of size or industry, to turn to a tax consultant to guarantee adequate management and fulfillment of their fiscal obligations. The tax consultants in Mancera, Ernst & Young stand as guides in the labyrinth of constant legislative changes which affect federal and local taxes.
The tax consultant is totally involved in your organization. Therefore, you are able to consult him or her about any problem. If there is a particularly complex issue, Mancera, Ernst & Young has specialists in many areas, such as transfer pricing, pensions and retirement funds, national and international tax revisions, mergers and acquisitions, partnerships, social security, and value added tax, among others.
We also put at your disposal various expert teams who monitor tax contributions and provide specialized consulting at a national or international level. These services include: legal defense, corporate consulting, restructuring, double taxation treaties, tax information exchanges, etc.
Through our specialists, the firm offers efficient consulting, among other services, for the following industries: real estate, banking, insurance, agroindustry, tourism, commodities, manufacturing, energy and communications.
Consulting
The complexity of globalization leads companies to look for help from firms who have experience at an international level and can assist in making the transformation to the new business dynamics.
Consulting in Mancera, Ernst & Young is therefore considered in two dimensions. The first being the values we offer:
Growth , which is defined as the ability of an organization to significantly improve its development and revenues and those of its affiliates.
Efficiency , being the ability to help a client be more productive and, at the same time, reduce long range operational costs.
Capital , which is the ability to maximize the use of assets and avoid unnecessary expenses
The other dimension is the range of solutions, responsibilities and services we provide to pass on these values. This consists of our methods and work process proven by our experience and based, principally, on three main factors:
Thought:
To work side by side with the client to define and formulate strategies, plan, investigate, model, develop the technological architecture and propose initiatives for new operational processes. This work is typically guided by knowledge, influenced by the latest technology, which is inseparable from its execution and focused on the creation of new values.
Construction:
To help create strategies involved with the process of transformation of culture, operations, development and integration of systems and adaptation of technology and productivity of personnel.
Operation:
To implement solutions and administration for managing change and to help take operational control of certain elements in the transformation of the organization.
Mancera, Ernst & Young consultants have the experience and knowledge necessary to bring new internal perspectives to an organization, to simplify complex problems, to expedite complicated processes and to offer customized solutions through the use of the latest business tools from the likes of SAP, Microsoft, Oracle, PeopleSoft, etc.
We have the most complete range of professional services in the market.
Legal Consulting
We offer clients tax and corporate legal consulting. This includes, among other things, the formation of corporations and all the proceedings required by mercantile law, the preparation and elaboration of all types of contracts, as well as legal auditing, tax services in relation to the application and establishment of transfer pricing, interpretation of agreements to avoid double taxation and agreements on the exchange of tax information. We also offer follow up on audits and revisions made by the tax authorities.
Clients also turn to us for litigation services in diverse circumstances; the elaboration and handling of defense methods for administrative and judicial proceedings, the application, presentation and follow through for resolving controversies at an international level.
Actuarial Consulting
Today's companies have a strong need to know whether the benefit plans they offer their employees truly constitute a beneficial package which does not represent a future risk for the company, at what cost and what labor assets are being generated by such plans. In this sense, we help companies design, evaluate, implement and adjust benefit packages for employees.
In the insurance sector, our leadership has positioned us to be able to offer consulting services in the fields of life, life annuities, accident and illness, health, automobile and damage coverages. Our services include rulings on and analysis of technical reserve sufficiency, technical analysis and evaluation of portfolios, insurance plans, technical support in the application of GAAP principles and consulting in the elaboration of business plans, presentations and financial projections for companies who wish to initiate operations in the country.
Corporate Finance
As a result of globalization and the increase in the number of commercial trade agreements in the world, the interest in making new acquisitions, investments and alliances continues to grow. For this reason, using our extensive network of contacts with financial specialists, we identify acquisition candidates or buyers for potential businesses. We carry out wide-ranging financial analysis, identify commercial merger opportunities, prepare regulatory information and, for special projects, we structure and negotiate the transactions and help to obtain financing in cash through private debt placement and public stock offerings, as well as offering many other services.
International Commerce
Competing abroad is more than just a business alternative, in today's economy it is a business requisite. Successful competition calls for knowledge of duties and tariffs, non-duty barriers, origin rules and customs procedures established in free trade agreements. The planning of operations, preparation for contingencies and the solving of daily technical problems are the tools which provide the impetus for your international transactions. You can rely on Mancera. Ernst & Young for all the consulting services, legal revision and action procedures you need to do business successfully across borders.
Information Systems Security Auditing
Computers and information systems are found in all businesses today and are the receptacles of the most valuable asset a company can have: information.
We offer professional service which gives you the security that all information handled is totally controlled and backed up in case of any emergency.
Business Development Services
These services are oriented toward companies who have just started operations and those who, because of the nature of their business, lack personnel in certain areas of their administration. A few of the services offered are: study and implementation of accounting systems, accounting supervision, financial statement analysis and account cleansing, determination of tax regulations and follow through on company fiscal structure.
Quality and Commitment
Continued improvement in quality is as important in our business, as it is in yours.
Our quality program guarantees that highly specialized personnel with an equally high degree of commitment will be at your service to help you reach the maximum of your potential. Our commitment not only consists of providing expert consulting, but working diligently to satisfy the needs of each client, surpassing their expectations and as time passes, offering ideas, solutions and results which translate into the added value that comes from excellence in service.
|
© World INvestment NEws, 2000.
This is the electronic edition of the special country report on Mexico published in Forbes Global.
July 3rd 2000 Issue.
Developed by AgenciaE.Tv |
|
|
|
|
|
|
|
|
|
|
|
MEXICO
