Tobias Frei Treasury Manager, Siemens Financial Services GmbH
Tobias Frei Treasury Manager, Siemens Financial Services GmbH

The use of technology for online dealing at an industrial corporation

Tobias Frei and Ales Stárek describe the Siemens AG approach to Treasury management.

First Published: e-Forex Magazine 14 / Case Study / April, 2004

Ales StárekHead of Treasury Management & Advisory, Siemens Treasury Consulting & Applications GmbHTobias Frei is a Treasury Manager at Treasury & Financing Services (TFS), a division of Siemens Financial Services GmbH.TFS acts as an in-house bank and center of competence for Siemens in all aspects of Group financing and payment transactions. As a service provider, TFS is active in the capital markets around the world (with representative offices in Europe, North America and Asia) and around the clock. TFS has created optimal conditions to secure the Groups’ liquidity, manage interest and currency exposure and offer flexibility to the Siemens Groups – any time and any place. Through 24-hour market presence and e-processes the Global Treasury Management increases efficiency. One such customized e-finance solution is a ‘payment factory’, which processes approximately 10m transactions annually or about 120bn EUR a year.Ales Stárek is Head of Treasury Management and Advisory (TMA)...continued

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