Opening a new office in a foreign country Prepared by Christian Gurny 19.03.2014 Agenda Introduction – About me About BearingPoint – European roots with a global reach Nearshore Delivery Center - Why Romania? The start of the journey Challenges Where we are today? Client Name here 2 About me Christian Gurny Partner & Managing Director BearingPoint Romania BearingPoint Izvor St. no. 80 5th district Bucharest Romania Personal Background Education/Certificates •Industrial clerk, AEG Berlin •Business Informatics, Technische Fachhochschule Berlin Industries Manufacturing (High Tech, Energy), Service, Transportation, Automotive Languages German, English, French, Arabic Client Name here Professional Background Professional Focus • since 2006 Managing Director of BearingPoint Romania – Bucharest / Sibiu • 2012 Leader Microsoft Advisory Services GSA • 2010 BearingPoint, Partner, Commercial Services, Operations & Maintenance • 2003 BearingPoint, Managing Director, Industrial Products, Operations & Maintenance • 2002: KPMG, Partner, Industrial Products, SCM • 1998 KPMG, Manager, SCM Competence Group Leader • 1996 KPMG Consultant, focus on industrial products and manufacturing • 1993 Telefunken Sendertechnik GmbH, inhouse consultant R/2 RM-PPS (production planning &control) •Improve business integration and collaboration utilizing state of the art technology 3 • Shared service center design & build – CEE • SCM, planning & control, production, procurement, distribution, service • Global SAP-rollouts • Business process design and performance improvement • Change management • Risk and quality assessment • Business and IT strategies About BearingPoint European roots but a global reach Business scope We are focused on achieving sustainable business results enabled by management & technology capabilities for: • The upper mid-market • Global European based companies • Public organizations Finland Some facts Sweden • Partners: 140 • Total Headcount: 3,350 • Revenue 2013: € 550 million • Countries: 18 Industries: Commercial services, Norway UK Denmark Ireland Netherlands Belgium Germany Austria France SwitzerlandRomania Morocco Financial services Public services BearingPoint at a glance Russia 4 Nearshore Delivery Center - Why Romania? Scope: Increase Profitability Analysis: choice between Spain and Romania, but Romania was the winner after taking all into consideration …. Evaluation Criteria: Client Name here • Cultural compliance • Profitability & Cost • Client acceptance • Scope • Language • Utilization & Efficiency • Distance/international connection • Flexibility / Initial investment • Technical infrastructure • Tax • Time zones • Government Subventions • Travel restrictions • Recruiting • Political and social stability • Skills and capabilities • GDC Process established • Employment law • Opportunity for Investment • Stability • Growth Potential 5 The start of the journey The plan…. Legal and Leadership Office Space Major Local Relationship s/Meetings IT …opening a new business in a foreign country… Image- and Advertiseme nt Campaign / PR & Marketing Tax What does this mean? Recruiting Accounting (outsourced) Client Name here 6 HR & Payroll (outsourced, except for parts of HR Admin.) Challenges The entrepreneurial journey thought me that… …Objectives • How realistic were our objectives in the beginning? …New beginnings • Even though part of a big firm, it felt like opening a completely new business in a different culture …Reverse situations • The economical crisis …Changes • MBO in 2009 …Tough Markets Client Name here • Rough competition 7 Where we are today? Bucharest Head Office Sibiu Office • 2 Offices: Bucharest and Sibiu • 140 consultants • Our consultants accompanied successfully 135 projects in 26 different countries all over the world. Client Name here 8