SiemensHealthcare Limited

A stand-alone treasury meant Siemens Healthineers did not use existing infrastructure and services provided by Siemens in China anymore and without a proper new solution, Siemens Healthineers China entities would be subject to traditional processes for the repatriation of funds, such as dividend payments. In addition, Siemens Healthineers also wanted to adopt a decentralised model that improves the efficiency of daily transactions and liquidity management in China.

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Siemens Healthineers chose a priority sweeping mode where the entity with the most cash surplus serves as the first lender in line to support others that are cash short. This is an optimal arrangement as cash short entities receive the funding they need while others have the flexibility to keep balances at their discretion and the cash rich entity serving as lender enjoys a higher yield.

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Siemens Healthineers entered China in 1899, and has grown into one of the major global R&D and manufacturing centres of the group. With the acquisition of Varian in April 2021, domestic R&D and manufacturing sites have expanded into the cities of Shanghai, Shenzhen, Beijing, Wuxi and Hangzhou. With this, Siemens Healthineers China has become the largest global manufacturing site, producing CT, MRI, X-Ray and ultra-sound machine, surgery, radiotherapy, medical electronics, X-Ray tubes and components, among others.

A compact and efficient coin counter designed to streamline your cash handling processes. Whether you are a small business, retail store, or financial institution, the Magner 35 offers a reliable solution for accurate coin counting.

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Introducing the ProNote 1.5 Coin & Currency Sorter – a game-changer in the world of cash handling. This innovative machine redefines efficiency and accuracy, combining advanced features to provide a comprehensive solution for banks and credit unions dealing with both coins and banknotes.

After taking into account the need to reduce transaction costs and leverage surplus cash in China to support global liquidity, HSBC recommended a dynamic RMB domestic and cross-border cash pooling solution that had additional cross-border sweeping eligibility and more flexibility for fund repatriation.

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With its unparalleled bill recognition, advanced counterfeit detection capabilities and detailed count reporting functions, Zeus packs amazingly strong features into a compact body.

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The 300 SERIES was designed for ease of use in commercial applications that demand high levels of accuracy and reliability with the lowest operational cost.  Its standard features are options on other machines. Bag stops are exact and programmable which allows the unit to be used for roll coin packaging as well as coin sorting, performing two machine functions in one.

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The Mach™ 3 significantly reduces the time required by your staff to count and sort coin. Counting and sorting at up to 1,500 coins per minute, the Mach™ 3 accelerates coin processing increasing accuracy and efficiency. Its compact size means it can be easily stored when not in use and transported between different locations.

The WS-30 is a compact tabletop coin wrapper and counting machine that accelerates coin processing, increasing accuracy and efficiency. With advanced functionality and a consistent set of operations for all coin wrapping procedures, the WS-30 removes the cost of outsourced coin processing and wrapping.

Counting and sorting large volumes of coin is a dirty, time consuming and labor intensive task. Processing large coin batches is a task few people enjoy and therefore accuracy and throughput may suffer. The benefits of automating coin management are obvious and numerous; greater accuracy, sophisticated authentication, comprehensive reporting and of course, faster completion of the task.

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Achieving a counting speed of 1,800 notes per minute, the GFB-830 is an advanced and configurable banknote counter delivering exceptional speed and efficiency. Our trusted counting technology minimizes the errors and miscount rates that often accompany increased speed.

The Mach™ 9e is a high speed, heavy duty coin sorter, specifically designed for high volume processing centers where throughput and reliability is critical. Perfect for financial processing centers, vending, transportation companies and gaming houses, the Mach™ 9e delivers unrivaled performance, accuracy and productivity.

After the spin-off from Siemens AG and public listing in 2018, Siemens Healthineers began establishing its own global treasury governance function and operational infrastructure. In China, the local treasury operation had historically been centralised with other Siemens business units, meaning treasury activities including liquidity management, currency risk management and trade finance etc. were centrally managed by the designated finance company in Beijing.

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The company was seeking a cash pooling liquidity structure that would be highly scalable to support their ongoing China focus and rapid development both throughout Asia and around the globe.

OEM Part Number(s): 989803171851.

Bankers Equipment Service offers a sophisticated range of desktop coin and currency technologies that transform the way notes and coins are handled. They change complex verification tasks into fast, straight forward processes, ensuring that the count is accurate, every time.

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The high-speed WR-500 wraps large volumes of coins and the standard speed WR-90 is suitable for any size of operation. Robust and reliable, the WR-90/500 coin wrappers deliver you smooth and exceptional performance day-in and day-out, increasing efficiency and accuracy to speed up wrapping while minimizing errors.

Delivering unprecedented efficiency savings through speed and accuracy, their use results in a significant improvement in the availability of staff, allowing them to be re-deployed to important roles such as further customer engagement, problem solving and generating increased revenues.

Headquartered in Erlangen, Germany, Siemens Heathineers is a publicly listed healthcare technology group company engaged in the consistent development and innovation of medical products and services, including AI-based application and digitalised products. The company also provides a wide range of service and solutions to medical service providers, contributing to the enhancement of quality healthcare.

With both automated and manual on-demand sweeping options supported by HSBC, we are able to better manage the onshore liquidity and mobilise China onshore RMB to overseas entities – supporting our stand-alone Treasury and centralised global liquidity structure.

Operating under a regulated environment, Siemens Healthineers was able to successfully restructure their treasury “stand-alone”. They also took this opportunity to upgrade their operation by connecting Pan-China liquidity and group-level liquidity using a tailor-made sweeping mode that supported daily transactions and cross-border funding mobilisation.

Introducing the ProNote 300 Coin & Currency Sorter – the pinnacle of precision and efficiency in coin management. Designed to meet the demands of high-volume coin processing, this cutting-edge machine offers a seamless and reliable solution for businesses and financial institutions.