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Case Study

Unlocking the Power of Receivables Data

How Siemens is improving business decisions and saving money by centralizing commercial customers credit data.

By Treasury & Risk Staff | Updated on August 27, 2013
Siemens AG is a global powerhouse. It produces electronics and electrical engineering products for companies in the manufacturing, energy, and healthcare segments in more than 290 major production facilities worldwide, and it provides infrastructure solutions to cities and metropolitan areas.

Siemens Capital Company LLC (SCC), a wholly owned subsidiary of Siemens AG, is the central treasury service provider for Siemens-affiliated companies in the Americas. It is one of four Siemens treasury centers globally.

Several years ago, Siemens launched a credit warehouse program designed to improve transparency into commercial customer credit data across the company. Treasury & Risk caught up with vice president Doug Schoch and risk analyst Akhnaton Ngweh to discuss the ‘why,’ the ‘how,’ and the outcome of the project.

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