Key takeaways Siemens Treasury evolved from a supporting role to a business driver by embracing new technologies and fostering a culture of innovation, agility and adaptability, encouraging experimentation In collaboration with J.P. Morgan Payments, Siemens Treasury implemented advanced technologies, like programmable payments and blockchain-based and virtual accounts, reducing banks accounts and cash pools by over 50%, streamlining workflows and cutting costs significantly Siemens Treasury achieved a 70% reduction in internal management efforts, 80% automated cash application rate and over $20 million in annual savings, enabling scalable operations and aligning treasury processes with its technology-driven business model In the rapidly evolving landscape of global finance, the ability to innovate and adapt is crucial for maintaining a competitive edge. Siemens, a leading technology company with a rich history spanning over 175 years, has consistently demonstrated its ability to adapt and thrive in an ever-changing global landscape. 1 Recognizing this imperative, the Siemens Treasury team, under the leadership of Group Treasurer Peter Rathgeb, challenged today’s standards and evolved its culture to become more innovative, open to new ideas and willing to experiment with novel approaches. This transformation resulted in the adoption of cutting-edge treasury technology and shifted the Siemens Treasury team from […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
