Andersen Tax & Legal grows Mexican presence with new office in Monterrey

31 May 2018

As part of Andersen Tax & Legal’s global expansion, the firm has opened a new office in the Mexican city of Monterrey. The new office will be led by PwC alumnus Jose Luis Hinojosa, who spent 16 years with the firm as the Director of Foreign trade.

Andersen Tax & Legal Mexico is an independent tax, financial advisory and consulting firm part of the Andersen Global network. The Anderson Global network has over 95 member and collaborating firms spread across 40 countries, including Panama, Ecuador, Brazil, Argentina, Uruguay, Chile, and has employees 2500 professionals worldwide. 

Andersen Tax & Legal in Mexico became a member firm of Andersen Global in June of 2015 and has since been expanding inside the country. Today, the independent firm has 4 offices in the country, including the new Monterrey addition. 

The new Monterrey office is central to the strategic expansion plans of Andersen Global and shows the firm’s intent to close in on the lucrative northern Mexican market. Monterrey is the capital of Mexican production, located in the northeast of the country; the city plays an important role in the Mexican production industry and is home to many international manufacturing companies. 

Monterrey is also home to the third largest urban population in its greater metropolitan area and serves as a financial hub for the north of Mexico. The city plays host to a number of large financial institutions, international corporations including Cemex and Grupo Bimbo and each of the Big Four accounting and advisory firms.

Andersen Tax & Legal open a new office in Monterrey, Mexico

Jose Luis Hinojosa will serve as the new Partner leading the Monterrey office. Hinojosa has had extensive experience in international financial advisory throughout his 20 year career, including a 16 year stint with accounting giant PwC. At PwC, Hinojosa worked a number of roles, most recently as the Director of Foreign Trade, Customs & VAT. He has also held positions within the Mexican public sector at the Ministry of Economy in the Export Promotion Programs department. 

The new partner said of his appointment; “It is an honor to join Andersen Tax & Legal in Mexico and I’m eager to bring my experience to the team for the success of the firm with the expansion of the new office location in Monterrey.”

Office Managing Partner for Andersen Tax & Legal in Mexico, Jose Luis Montes, commented; “We believe that Jose Luis will help reinforce our strategy of expansion through adding not only best-in-class personnel, but also ensuring service excellence for our clients locally and internationally, through the member and collaborating firms of Andersen Global.”

Andersen Tax and Legal has been consistently expanding in Mexico in recent times, having opened an office in Querétaro, an industrial city located north of Mexico City last year. Querétaro has shown huge potential with an influx of international businesses and is considered to be one of the growth hotspots of the country. 

“The addition of the location in Querétaro is indicative of the success of our team in Mexico and our growing capabilities within the region,” said Mark Vorsatz, CEO of Andersen Tax in the U.S in October last year. “We are poised for significant growth in Latin America in the future.”


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Argentinian software consultancy APG Consulting enters Bolivia

25 February 2019

Argentinian professional services firm APG Consulting has expanded into Bolivia, growing its presence in Latin America to six countries. 

Founded in 2003, APG Consulting is a software consultancy that supports its clients with digitizing procurement and finance, and with document management. The firm’s Comfiar solution allows organizations to generate, send and store invoices in a robust and safe environment, while supporting procurement, finance and regulatory processes. APG Consulting’s AFM solution is a document management system (DMS) that helps companies with organizing, managing and securing documents in a standardized environment.

Across Latin America, APG Consulting currently over 1,000 customers, with Bolivia the next market targeted as part of the firm’s strategy to lift its client base to over 1,500 in the coming years. The expansion follows on previous forays into Colombia, Costa Rica, Ecuador and Peru. Headquartered in Buenos Aires, the IT consulting firm has around 80 employees. 

The move comes at a time when electronic invoicing is a major theme in Bolivia. In March of this year, the country’s National Tax Service (SIN – Servicio de Impuestos Nacionales) is implementing new regulation that advocates electronic invoicing. For companies, this means that they need to adopt e-invoicing of not already in place, and for those that currently do use the feature, changes may be required in system setup, processes, data management or governance. 

Argentinian software consultancy APG Consulting enters Bolivia

APG Consulting is aiming at implementing its Comfiar solution, which has been tailored to meet SIN’s requirements, at both private and public sector organizations in Bolivia. Meanwhile, companies that already have a system in place can tap the Argentinian-origin consultancy for software services and change management support. According to Matías Cherepinsky, commercial manager of APG Consulting, organizations must not only look at the technical side of electronic invoicing, but also keep the cultural side of change in mind. Employees in procurement and finance will need to adopt new ways of working, meaning that they need to receive training and coaching in order to successfully complete their new tasks.

According to Daniel Ayoroa, a legal manager at Agentax, electronic invoicing still is in its infancy in Bolivia. Organizations therefore are open to bringing in the expertise of experts that have an established track record gained abroad, where e-invoicing is more mature. He added that he believes the approach can lead to a major modernization of procurement and tax functions throughout the country.

Earlier this month, accounting and consulting firm BDO also entered the Bolivian market with the addition of KPI Auditores y Consultores to its global member firm network. In December last year, Tufiño Villegas, which has offices in La Paz, Santa Cruz and Cochabamba, joined Andersen Global’s international association.