Siemens is a German technology company that performs electrification, automation and digitalisation activities in nearly all countries of the world....
Siemens is a German technology company that performs electrification, automation and digitalisation activities in nearly all countries of the world. They supply power generation, power transmission and infrastructure solutions as well as automation, drive and software solutions for industry and of medical diagnostics solutions. The company currently employs around 379,000 employees and reported revenues of €83 billion in 2018.
The Siemens finance function operates a shared service model, with delivery centres supporting regional teams around the globe. There have been huge changes in the technological landscape in the last decade, and a range of digital solutions have emerged with the potential to improve cost management, efficiency and collaboration across the company’s finance team.
We spoke to Angela Noon, CFO of Siemens UK, about the finance transformation programme.