Siemens: Streamlining Finance and Accounting Services

Topics:
Quantitative Analysis,
Strategic Planning and Analysis
Tags:
Accenture Ltd.,
Accounting,
Finance,
Financial Accounting,
Siemens AG
Source:
Accenture

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Overview: Siemens had a challenge to generate enough cash to aggressively grow its business by 2001. A key element of the plan called for generating more business outside Europe, in the Americas and Asia Pacific region, leaving about 50 percent of its sales in Europe. This was a complex, multi-fold challenge. To boost profitability and more quickly respond to change, Siemens' global workforce had to learn to speak a common financial language. For Siemens, Accenture's experts developed Achieving Finance and Control (ACE) Excellence. The 48-hour simulation experience designed for 10,000 finance and business professionals' worldwide uses a combination of technology and group-based simulation activities.

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