Siemens USA chief financial officer talks finance digitalization

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The organization has implemented chatbots, Robotic Process Automation, cloud computing, AI, and machine learning — even Blockchain and advanced analytics and forecasting — to modernize various areas within finance. Presented by DellTech.

A great deal has changed at Siemens since Marsha Smith first joined the global technology and manufacturing company over two decades ago. In particular, Smith, who became the chief financial officer of Siemens USA and Siemens Mobility North America in January 2020, has witnessed changes regarding the company's digitalization in finance.

"It's a large project with a pretty massive cost, so we have a global team and steering committee determining what we want in an ERP system," Smith said."Right now, we do all our procurement, project-controlling, and order management in the ERP, but do we need a 'lean' ERP? If so, how lean is lean?"

One of the pilot's first projects was to automate a finance spreadsheet process. Traditionally, the process required employees to spend nearly two days at the end of each month manually entering data and collecting commentary from multiple businesses.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

DellTech G+wikiJSTOR

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines