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.
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