Deloitte, Grupo Promerica and INCAE Business School boost MSME performance

• The programme’s main aim is to enhance the strengths of medium-sized companies in order to contribute to their transformation, driving their growth and expansion in national and international markets.
• Companies that sign up for the initiative will receive free advice from a select group of experts who, with an independent view of the business, will give feedback not only on their strengths but also on areas of opportunity for growth, competitiveness and value creation.

Best Managed Central American Companies is part of the global “Best Managed Companies” programme, which aims to recognise the operational excellence of private companies around the world. Best Managed Companies was created 25 years ago by Deloitte and is currently present in 35 countries.

The Latin America Best Managed Companies programme will include 7 Central American countries

“The best companies are those that not only contribute to generating income and jobs, but create community to do things better and keep improving,” said Pilar Ruiz de Chávez, director of Best Managed Companies Latin America.

The Central American version of the programme will include 7 countries (Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, Panama and the Dominican Republic), sponsored by Deloitte, Grupo Promerica and INCAE Business School. They will play an active role in the programme, not only as sponsors but also in the advice participating companies receive, with a multidisciplinary group of experts from the three organisations providing guidance and identifying each company’s main strengths and areas of opportunity. This is combined with the programme’s methodology, the result of more than twenty years of the programme’s experience worldwide: a working model that shows how a company creates “value” and what actions it should take to improve its results through five drivers: sales growth, operating margin, asset management, strengths and external factors, and talent and sustainability.

Deloitte Central America seeks to boost the growth of the region’s business community

Carla Coghi, managing partner for Deloitte Central America, said that “Best Managed Central American Companies represents the commitment, dedication and effort of medium-sized companies in Central America and the Dominican Republic. It is a programme created by Deloitte that seeks to raise the standards and growth of the region’s business community”.

All companies that complete the process, regardless of the result, receive a free and completely confidential feedback report identifying their main strengths in operations, competitiveness, marketing and financial viability. They also receive a list of recommendations for addressing areas of opportunity and improving their performance, as well as a real diagnosis of how the mid-market of companies operates in the region.

Outstanding participating companies will be recognised as Best Managed Central American Companies and promoted among the programme’s success stories, giving them recognition and a strong position in the region.

Grupo Promerica celebrates its 30th anniversary by supporting the Best Managed Central American Companies Programme

For his part, Ramiro Ortiz Gurdian, executive director of Grupo Promerica, explained that “To mark Grupo Promerica’s 30th anniversary, we have joined as a sponsor of the Best Managed Central American Companies Programme because we believe in relationship banking that supports companies in innovating and continuously transforming. This programme will give private medium-sized companies in Central America and the Dominican Republic the opportunity to obtain strategic advice that will allow them to improve their operating performance, pursue best practices and so succeed in the face of the challenges of the new reality in our economies”.

In addition, recognised companies will have access to specialised knowledge, business advice, relationships and partnerships, among other things, to boost their productivity, profitability and reach locally and internationally.

INCAE Business School promotes the comprehensive development of the countries it serves

Bernard Kilian, associate dean at INCAE Business School, said that “in keeping with its mission to promote the comprehensive development of the countries it serves, INCAE Business School is joining this important Best Managed Central American Companies recognition programme, which will not only identify the region’s leading companies in performance and best practices, but also help participating companies identify efficiencies and growth opportunities in the face of the challenges posed by digital transformation and the new business reality“.

Companies interested in taking part must meet the following eligibility criteria: be a private company with majority capital from the region (Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, Panama or the Dominican Republic), have sales of between US$1 million and US$12 million, have at least 5 years of operation, submit audited financial statements for the last 3 years and be willing to share information about their strategy and results.

Registration is open until 31 May 2021 through the website:
Best Managed Central American Companies

About Best Managed Companies

“Best Managed Central American Companies” (hereinafter the “award”) is an award granted by Deloitte s-Latam MXCA, s.c., the Deloitte member firm covering several countries (Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, Panama and the Dominican Republic), jointly with Incae Business School and Grupo Promerica (hereinafter the “co-sponsors”), to companies (hereinafter the “participating companies”) that register free of charge on the portal https://registro.mejoresempresascentroamericanas.com (hereinafter the “site”), which will take part in an analysis process carried out by the co-sponsors regarding their financial and business practices in Central America. Once the analysis process is complete, the co-sponsors will determine which participating companies will receive the award in accordance with the respective terms and conditions.