Unlocking the Power of Receivables Data

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

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. 

T&R:  How does this create value for Siemens?

There’s one other big component of the program that we haven’t talked about. The Siemens Credit Warehouse also provides political- and credit-risk protection by purchasing eligible receivables from Siemens business units. Participating business units receive cash, either upon payment by the customer or, in case of customer default, from the Siemens Credit Warehouse. Eligible receivables that are overdue for more than 90 days are treated as defaults. The business unit selling a receivable to the Siemens Credit Warehouse is responsible for servicing activities such as collections and receivables management.082713_Siemens_PQ2


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