Tata Consulting Services named Latin American company of the year

10 July 2018 Consultancy.lat

At the Nexus Illuminate Awards held in San Fransisco last week, Tata Consulting Services, the global IT services, consulting and business solutions firm, won the top prize for its nearshoring services.

Tata Consulting Services (TCS) began its operations in Brazil in the early 1990’s and has since grown have over 8,000 professionals across the Latin America. Today, the firm boasts offices in Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru and Uruguay which provide an extensive range of professional and nearshoring services for their global partners in United States, Europe and beyond.

Having expanded steadily for the past two decades, the consulting firm’s Latin American business leads the way among developing markets. TCS’s strategy for the region is to focus on building its technology advisory services offerings as well as further introducing it’s automation and digital capabilities to the Latin markets. 

The firm has one of the largest nearshoring presences in Latin America and is increasingly offering Technology 4.0 solutions including big data, analytics, mobile, IoT, AI, RPA and cloud migration services. Notably TCS has helped put Queretaro and Guadalajara in Mexico and Montevideo, Uruguay on the nearshoring radar. 

TCS has been on a path to solidify their presence across the region by growing with their clients and industries within which they work as well. The firm has been involved in a push to train just under 200,000 STEM professionals across Latin America and has been at the forefront of the push to digitalise Latin economies. TCS has also opened a new center in Brazil with space for 4,000 professionals and was recently rated as Latin America’s top employer for the fourth year running.

Tata Consultancy Services named company of the year in Latin America at the Nexus Illuminate Awards

"We have been growing steadily year over year in the region, because we have established a solid team and continue to digitally train our workforce and recruit new talent in the eight countries from which we operate," added Marcelo Wurmann, CEO of TCS Latin America.

"We will continue to invest in the region and our Business 4.0 framework, where digital technologies such as cloud, automation, agility, business intelligence, and robotics are having a significant impact in our clients' businesses and act as key competitive differentiators,” he continued. 

“This award is the result of our commitment to offer a high level of value from our operations in Latin America to our global clients in their digital transformation journeys towards becoming a Business 4.0 enterprise," said Rajeev Gupta, Director of Latin America Nearshore Operations at Tata Consultancy Services. "We are honored to be recognized at the 2018 Nexus Illuminate awards, which celebrate the work of a rapidly evolving industry.”

The Nexus Illuminate Awards is one of the premier conferences for the connection and promotion of nearshoring activities. The Nexus conference is held by Nearshore Americas, a business publication and platform for the American nearshoring industry.

"We want to congratulate all the winners, including TCS," said Kirk Laughlin, General Manager, Nearshore Americas. "The judges were very impressed with the companies' operations, which brings first class infrastructure to Latin America. Each year the standard is set higher."

Top consulting firms in Brazil for restructuring and turnaround

23 January 2019 Consultancy.lat

A new analysis of surveys among clients on track record / engagement satisfaction and management consultants on reputation has identified Brazil’s top consulting firms for restructuring and turnaround services. 

Companies in Brazil facing financial and operational difficulties, including rapidly deteriorating commercial performance, liquidity concerns, loss of key management / clients or refinancing risk, can according to data sourced by Consultancy.lat best place their faith in ten consulting firms specialized in restructuring, turnaround and crisis management. These ten consultancies are: Alvarez & Marsal, FTI Consulting, G5 Evercore, Moelis & Co, Rothschild, KPMG, Laplace Financas, Pantalica Partners and RK Partners.

When companies fall in financial distress, executives need to move swiftly to stabilize the business, while working towards a more long term strategy for sustainable strategic, operational and financial change. Working alongside debtors, lenders, shareholders and other stakeholders, consultants support with solving short-term liquidity requirements and action-planning to quickly preserve value and address potential risks to stability.

With stabilization in place, broader restructuring plans are designed and executed, including activities that enable cost optimization, operational restructuring, improved cash and working capital management and asset / debt restructuring. In the case of (potential) bankruptcy, restructuring consultants work with shareholders, debtors, creditors, regulators and other insolvency stakeholders on executing the administration or bankruptcy process – the procedures differ per country.

Top consulting firms in Brazil for restructuring and turnaround

In Brazil, the bankruptcy law covers three main proceedings. The first proceeding (‘bankruptcy’) is the actual process of liquidating a company’s assets in order to pay off debts. This involves selling all property and goods to meet the debt’s requirements. The ‘court-ordered restructuring’ proceeding has been put into place to help the company restructure its debts while carrying on its day-to-day operations (only applicable for companies that have been in business for at least two years). The third bankruptcy proceeding, ‘extra-judicial restructuring’, involves a private negotiation between the debtor and the creditor. Restructuring and insolvency consultants typically team up with lawyers to mediate between the two parties – if however no consensus is reached, the judge takes over the process.

Top restructuring consulting firms

Brazil’s list of top consulting for restructuring and turnaround services includes three advisory players that operate globally. Alvarez & Marsal (A&M) is one of the most well-known names in the restructuring landscape, which it for a large part owes much for its key role on the Chapter 11 bankruptcy case of the collapsed banking giant Lehman Brothers. Globally, Alvarez & Marsal has over 3,000 professionals in 50+ offices, including a Latin American presence in Brazil (Rio de Janeiro) and Mexico (Mexico City). Rival FTI Consulting is with a headcount 4,700 employees worldwide larger than A&M. Both consultancies provide a range of management and economic consulting, financial advisory (corporate finance and restructuring) and technology advisory services.

KPMG is one of the Big Four accounting and consulting firms. Its Restructuring & Turnaround practice has over 1,200 professionals worldwide. The Brazilian team operates mainly from the firm’s national hubs in São Paulo, Rio de Janeiro, Recife, Brasília and Belo Horizonte.

Four of the industry’s top players are local Brazilian consultancies. G5 | Evercore is one of Brazil's largest independent financial advisory services firm, operating bases in São Paulo, Rio de Janeiro and Recife. Formerly known as Arion Capital, São Paulo-based Laplace Finanças provides a wide range of financial advisory services to private sector and private equity clients, including restructuring and turnaround. Pantalica Partners, also located in São Paulo, has completed more than 70 restructuring engagements in Brazil with a restructured debt value of over $25 billion since inception in 2014. RK Partners specialises exclusively on turnaround and crisis management offerings, and in recent years played a role in the turnaround of among others Bom Bril, Rossi, Bertin Energia and Property Brasil.

Completing the list of Brazil’s best consulting firms for restructuring and turnaround services are the advisory arms of three international investment banks. New York headquartered Moelis & Company was founded in 2007 and today employs over 750 employees in the Americas, Europe, the Middle East, Asia and Australasia. The company serves the Latin America region through its locales in São Paulo and Mexico City. Lazard and Rothschild rank among the globe’s most prestigious investment banks – they both provides financial advisory and asset management services to corporations, governments and non-profit institutions. Lazard was founded in 1848 in the US, while Rothschild – which is owned by the Rothschild family, one of the wealthiest families in modern world history – was established in 1838 and is currently headquartered in Paris, France.

Related: Consulting market of South America grows 4% to $2.6 billion.