Fernando Salazar Palma – Executive President CESCE

Fernando Salazar is a Commercial Technician and State Economist, with a degree in Economics and Business Administration and a Master’s in Public Administration (Fulbright scholarship at the Maxwell School of Public Affairs, Syracuse University. New York). With a broad professional career, he has been, since 2016, Deputy Director General of Financial Promotion of Internationalization. Previously, he was Chief Advisor in the Economic and Commercial Office in Brasilia between 2012 and 2016, a position he arrived at from ICEX where he was Executive Vice President of the Spanish Institute of Foreign Trade (ICEX) between 2010 and 2011.

Also within the General Administration of the State, The new president of CESCE, has held various management positions in the field of trade policy and multilateral financial institutions: he has been Chief Counsel in the Economic and Trade Office of the Spanish Embassy in Beijing, China (2007-2010), Chief Cabinet of the Secretary of State for Tourism and Trade (2004-2007) of the Ministry of Industry, Commerce and Tourism of Spain, Advisory Member in the General Sub-Directorate of Financial Promotion of Export (2002-2004) of the Ministry of Economy of Spain, Consultant at the Multilateral Investment Fund (MIF) of the Inter-American Development Bank (IDB) (1998-2001), Deputy Deputy Director General for Trade Policy Mult ilateral (1992-1994) and Territorial Director of Commerce in Castilla y León (1991-1992). Good connoisseur of the business and operation of CESCE, a company in which he has been a member of the Board of Directors on two occasions, the first between 2004 and 2007 and the second from 2016 to the date of his appointment as Chairman.

The CESCE Group reinforces the treatment of its financial information

The CESCE Group reinforces the treatment of its financial information

The organization has implemented SAP BPC technology to gain security and speed in the economic, accounting, commercial and budgetary consolidation of data

Madrid, December 23, 2020.- The CESCE Group has modernized and reinforced its system for consolidating Financial Statements, in a clear commitment to innovation and digitization, two objectives included in its Strategic Plan 2021-2024. The Group, made up of 27 companies that follow the regulations of insurance companies or accounting plans according to their activity, has chosen SAP BPC technology to integrate all the financial data of the different companies and thus automate the extraction of information and consolidation tasks to facilitate corporate reporting.

Through the implementation of this new technology, the CESCE Group has endowed professionals with greater autonomy and thanks to this it has achieved an automation in obtaining the consolidated Financial Statements. In addition, real-time data collection times have been optimized, which has improved process control, and greater traceability, security and scalability of information have been gained.

According to María Aracama, Head of the CESCE Group’s Latam Consolidation and Control Unit, “this project has provided us with an agile, flexible and usable platform to improve the economic, accounting, commercial and budget consolidation of all group companies, facilitating information in real time when making strategic decisions for the business ”.

The new SAP BPC technology tool implemented by the CESCE Group also offers the ability to integrate with other technological tools, the possibility of centralizing the data in a single place and adaptation to current regulatory policies and procedures.