Siemens Gamesa

How Siemens Gamesa harmonized their Treasury system landscape with TIS & made their early adoption of SAP APM a success.

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About Siemens Gamesa

Siemens Gamesa is a global leader in the renewable energy industry, headquartered in Zamudio, close to Bilbao in northern Spain. As a pioneer in the development of offshore wind turbines, they built the world’s first wind power plant in Denmark in 1991. Today, they are active in 85 countries with more than 235 entities and are continually working to provide the world’s best offshore and onshore wind turbines and services. Annual turnover of Siemens Gamesa is at around 10 billion EUR.  

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About Treasury’s Bank Connectivity & Payments Project

Siemens Gamesa’s treasury team recently undertook a project to harmonize their extremely complex and siloed financial system landscape on a global scale, across all 235 legal entities and 85 countries. At the same time, they wanted to build a new and industry-leading In-house bank based on the latest SAP version, including SAP APM (Advanced Payment Management) as an early adaptor. 

Within only 2.5 years Siemens Gamesa managed to roll out a completely new payment factory and architecture, which is exemplary for a project of this magnitude. The new In-house Bank has enabled Siemens Gamesa to shut down 600 bank accounts within the last two years. The treasury team has now a 100% visibility to cash balances and payment statuses and benefits from real-time reporting and automated and secure end-to-end processes, which lead to time as well as cost savings. 

Learn more about how Siemens Gamesa streamlined their global payments and bank connectivity operations by downloading the full success story below!