For many mid-market finance operations, finding an efficiency solution may involve outsourcing. That's evident in Ames, Iowa, home to the North American Financial Shared Service Center of Sauer-Danfoss, a $1.2 billion company that designs, manufactures and sells engineered hydraulic and electronic components for mobile equipment manufacturers.
Corporate treasury may be multinational, but making supplier payments in North America is a classic middle-market operation. Sauer-Danfoss has put in place classic middle-market solutions by outsourcing non-core competencies.
Sauer-Danfoss's shared service center plugged into two state-of-the-art automated solutions by outsourcing supplier payments and travel and entertainment expense processing and reimbursement to Wells Fargo Bank, explains Kim Sampson, manager of the center.
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