The short version
- El Nuevo Día and El Vocero reported that On Point Strategy is opening operations in Panama as part of its internationalization strategy
- The firm has managed a portfolio of funds exceeding $4,000 million and offers services in organizational transformation, regulatory compliance and data analysis
- Carmen “Mely” Torres stated that Panama represents a strategic platform to establish relations and contribute to initiatives requiring planning and measurable results
- From Panama the company will focus on the governmental, private and multilateral sectors with technical assistance, monitoring and technological solutions
Expansion from Puerto Rico
On Point Strategy, a Puerto Rican management consulting firm, is expanding its operations to Panama. El Nuevo Día reported that the move forms part of the company’s internationalization strategy. The firm was founded in 2016 and has developed expertise in organizational transformation, business strategy, fund and grant management, regulatory compliance, operational optimization and data analysis.
According to both outlets, the company has managed a portfolio of funds exceeding $4,000 million from its base in Puerto Rico. Carmen “Mely” Torres, founder and Chief Visionary Officer, said in written statements that arriving in Panama offers an opportunity to bring experience developed in Puerto Rico to new markets. El Vocero reported the same quotes and added that the presence in Panama will allow the firm to identify collaboration opportunities across Latin America.
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What the sources posted
Posts and statements below are the sources' own words, quoted as published. They are not independently verified.
Llegar a Panamá representa una oportunidad para llevar la experiencia y el conocimiento que hemos desarrollado en Puerto Rico a nuevos mercados.
Our translation: Arriving in Panama represents an opportunity to bring the experience and knowledge we have developed in Puerto Rico to new markets.
The source's own statement, as quoted by El Nuevo Día. Not verified by PuertoRico.com.
Focus areas in new market
Both reports state that from Panama, On Point Strategy will concentrate on three main areas. In the governmental sector it will provide advisory services in governance, regulatory compliance, operational modernization and institutional development. For the private sector the firm will offer process optimization, development of key performance indicators (KPI), and data-based technological solutions for decision making.
For multilateral organizations and development projects the company will supply technical assistance, monitoring, evaluation and project management. Torres told reporters that organizations need more than strategic plans; they require the capacities, processes and information to execute them. The firm also offers its Impact Visibility Hub technology platform, either independently or combined with consulting services, El Vocero noted.
Where the sources differ
El Nuevo Día and El Vocero agree on all core facts, including the expansion to Panama, the ten years of experience, the $4,000 million portfolio, the three focus sectors and the quotes from Carmen “Mely” Torres. El Vocero provides additional background on the company’s first decade, its methodologies, disaster recovery experience and the potential benefits for Puerto Rican professional-services firms exporting knowledge. Both outlets published the identical written statements from Torres; no numerical or factual contradictions appear.
What the reports do not say
The reports do not specify the exact date the Panama office will open, whether new staff will be hired locally, the expected revenue from the new market or any timeline for further expansion to other Latin American countries. They also omit details on current client numbers in Puerto Rico or the size of the team.
Sources
Every link below was opened and checked when this story was published. Official means a government body, agency or the organization itself; Reporting means a news outlet.
- Official On Point Strategy expande sus operaciones a Panamá
- Reporting On Point Strategy expande sus operaciones a Panamá
- Reporting On Point Strategy expande sus operaciones a Panamá y fortalece su presencia internacional
How we checked this
Both El Nuevo Día on Nov. 11 and El Vocero on Nov. 9 covered the announcement using the company’s press release and written statements from founder Carmen “Mely” Torres. Details on the firm’s portfolio size, service areas and technology platform rest on the single source of On Point Strategy itself.
Compiled by the PuertoRico.com News Desk from the reports and statements listed above, and checked against them before publishing. It does not include original interviews. Spot an error? Email support@puertorico.com with a link to this story.
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