Corporate Vision July 2017

CORPORATE VISION / July 2017 7 NEWS , MPC Capital also an- nounced that Fernan- do Zuniga has been appointed as MPC Renewables Pana- ma’s Regional Director for Central America and the Caribbean. “Central America and the Car- ibbean is a key region for the growth of our renewable ener- gies business,” said Dr. Roman Rocke, Management Board Mem- ber, MPC Capital AG. “Having an office in Panama City, under the leadership of Fernando Zuniga, who has extensive experience in the sector, are strategically impor- tant steps in serving our investors and business partners and in our global growth.” Fernando Zuniga has over nine years of experience in the renew- able energies sector. He has held senior development roles in Eco- solar Inc. and Suntrace GmbH and was most recently Develop- ment Manager Latam at Solar- century in Panama. MPC Renewables Panama S.A., a 100% subsidiary of MPC Re- newables Energies GmbH, will work closely with the global Re- newable Energies team of MPC Capital in structuring, developing and managing renewables invest- ment opportunities for institutional investors. Recent transactions include the 172 MW Ancora wind park project in Portugal, the 50 MWp Paradise Park PV plant in Jamaica, and the 54 MW Sain- shand onshore wind park in Mon- golia. The fines imposed on businesses for late payments to their suppliers can also have a detri- mental effect on their reputation as well as profit margins. The governance institute, ICSA, uncovered that nearly two thirds of companies fear reputational damage more than fines [3]. This increases the pressure on finance and accounting depart- ments to ensure that they are resolving outstanding payments, whilst ensuring that they are paying their suppliers on time. Technology including cloud technology, Artificial Intelligence (AI), automation, and machine learning will have a major impact on the day-to-day lives of MPC Capital Expands Renewable Energies Business withNewOffice in Panama professional services workers, upending many traditional ways of doing business. Within finance and accounting departments, paper based processes will be impacted the most as automation will enable accountants to reduce or eliminate data-entry tasks, monitor cash flows and ensure payments are made on time. Bhupender Singh, CEO of global BPO Intelenet® Global Servic- es, comments: “Eliminating the hefty amounts of paperwork that finance professionals have to deal with on a regular basis, will save businesses an incredible amount of time in the long run. For a business of any size, time management is essential. Our automation tool iFlowTM, eradicates the duties that need to be completed by staff, enabling employees to focus on strategic tasks that empower business growth. Only one-third of all enterprises have any significant level of automation in place, as it can be a struggle for businesses to find the right fit for their needs. However, the implementation of quality assurance & transaction monitoring methods can result in lower invoice processing costs and superior process and data visibility. Bhupender continues: “We see automation playing the biggest role in helping professional services in the areas of connec- tivity and information filtering and analysis, ultimately allowing accounting professionals to become more proactive rather than reactive in managing client relationships and driving compa- ny growth.” [1] www.fsb.org.uk/LegacySite- Path/policy/rpu/london/assets/ late%20payment%20july%20 2011.pdf [2] www.financialdirector.co.uk/ accountancyage/news/2026119/ businesses-urged-accept-late- payment-fines [3] www.financialdirector. co.uk/2016/05/06/reputational- damage-bigger-fear-than-fines- icsa-poll-finds/ MPC Capital AG, a global investment manager for real assets, on June 3rd announced the launch of MPC Renewables Panama S.A., based in Panama City, Panama. MPC Renewables Panama will support the development, management and further expansion of the company’s renewable energies projects throughout Central America and the Caribbean.