Client Success Story: PROSA Mexico
How CPCON transformed fixed asset management for Latin America's leading transaction processor through advanced technology and strategic restructuring.
PROSA Mexico
Leading Transaction Processor
PROSA Mexico stands as one of Latin America's most important electronic payment processors, handling millions of transactions daily across the region. With rapid expansion and increasing regulatory requirements, the company needed to modernize its fixed asset management systems.
Across Latin America
Daily Transactions
The Challenge
PROSA Mexico's rapid expansion exposed critical inefficiencies in their fixed asset management, creating compliance risks and operational challenges.
Data Visibility Gaps
Manual tracking processes caused significant delays in identifying asset additions, retirements, or relocations, exposing the company to audit risks and potential tax overpayments.
-
Delayed asset identification
-
Audit compliance risks
-
Potential tax overpayments
Regulatory Compliance
Increasing regulatory scrutiny under IFRS and Mexican financial regulations required enhanced accuracy and transparency in fixed asset reporting.
-
IFRS compliance gaps
-
Mexican regulatory requirements
-
Internal control weaknesses
Impact on Operations
The inefficiencies in fixed asset management were creating operational bottlenecks and financial reporting challenges that threatened PROSA's growth trajectory and regulatory standing.
Our Comprehensive Approach
CPCON implemented a multi-phase strategy tailored specifically for the electronic payments sector, combining advanced technology with proven methodologies.
Physical Inventory & Tagging
Conducted comprehensive physical verification using RFID technology for automated asset tracking and identification.
Database Reconciliation
Performed line-by-line reconciliation between physical counts and accounting records, integrating with SAP ERP systems.
Compliance Optimization
Aligned the restructured database with IFRS 16, IAS 16, and Mexican regulations for enhanced internal controls.
Automated Tools Implementation
Deployed CPCON's proprietary software with RFID readers and monitoring portals for real-time asset management.
Transformational Impact
The restructuring delivered significant improvements in PROSA Mexico's financial reporting accuracy and operational efficiency.
Enhanced Asset Tracking
Significantly improved accuracy in asset tracking and reporting through automated RFID technology implementation.
Optimized Efficiency
Dramatically reduced reconciliation time through streamlined processes and automated workflows.
Regulatory Excellence
Achieved comprehensive compliance with IFRS 16, IAS 16, and Mexican regulatory requirements.
Operational Benefits
-
Real-time asset tracking and monitoring
-
Automated depreciation calculations
-
Streamlined audit processes
Financial Impact
-
Eliminated tax overpayment risks
-
Enhanced financial reporting accuracy
-
Reduced compliance costs
