Francisco Velasco, MBA

Financial and tax consulting to Kasoil and Apogee to mitigate any risk, improve profitability and compliance. Financial advise to Drebbel for survey, trenching, concrete mattresses, OOS, as-built, and other subsea works in the Gulf of Mexico, entailing the integrity of pipelines and key assets.

My approach and teamwork increased the barrels of oil produced per day and maximized the profit for the cementing and drilling business.

Head of Finance for our wellsites and laboratories located in Mexico, USA and Norway that provide a wide analysis for the oil industry, creating synergies between intercos and maximizing the cash to face the commitments in these regions.

SI Soluciones is an independent accounting and tax advisory firm established by entrepreneurs who clearly understand local and foreign companies and their business needs, making it an accounting firm that provides a full range of integrated services for existing enterprises and arriving investments. Beyond accounting and tax services, our firm can also perform corporate compliance matters, payroll processing, cash flow management, monthly statement preparation, tax-dispute legal and accounting representation towards the Mexican Tax Authorities, corporate governance, among other professional services.

Maximize the resources for the company's first Oil & Gas well drilled. Set up the Finance Department in Villahermosa, issuance of all the Finance and Supply Chain policies and issuing financial reports on the fifth day of the month. Compliance reports on time and accurate to CNH and FMP agencies.

50M USD dividend's tax strategy. Bringing fresh and best options for factoring in both currencies (MXN & USD). Managed accounting and tax books, including physical inspections and setting up new controls. Managed favorably two tax authority’s audits, closing the best-case scenario and working on defense files for the yet to be audited years. Reduction of costs (fees, employees profit share provision, closing offices, lower headcount) improving EBITDA. Successfully ERP upgrade and regionalization (Microsoft Dynamics AX).

Best results setting up the company with Pemex, Tax Authority, Immigration Officers and Foreign Investment Office, opening bank accounts, and closing real estate deals to get our offices, warehouse, courtyard and other sites. Maximize the result of the company’s first 3 projects (+280M USD pipelaying and lifting platforms). Negotiated the first +100M USD factoring operation for an Oil & Gas company in Mexico (with NAFIN).

In charge for a great star-up of operations in Mexico (2 pipelines construction for Pemex +250M USD). Tax shelters and tax benefits amparo proceedings promoted with tax authority resulting in +1M USD gains.