Finance transformation at Siemens is part of a wider organisational transformation that has been running for around six years. Following a digital roadmap, early initiatives focused on areas in which robotics, artificial intelligence and business analytics could remove transactional tasks from finance teams.
The company’s strategy is centred on creating a strong technology infrastructure that can overcome the connectivity limitations of legacy systems. This includes upgrading enterprise resource planning and customer relationship management systems to enable further digitisation of processes across the organisation. Skills development for the future workforce is also critical to success.
