Headquartered in Walldorf, Germany, SAP AG is Europe’s largest software company. It is renowned for its innovative business solution software, most notably SAP Enterprise Resource Planning (SAP ERP) and its Business Objects suite.
The company, which is listed on the NYSE and Frankfurt stock exchange, has more than 100,000 customers in over 120 countries. Though it has almost 50,000 members of staff worldwide, it operates a streamlined treasury department from offices in North America and Europe.
In this article, Treasury Today speaks to Jörg Wiemer, Senior Vice President and Head of Global Treasury, to better understand how the treasury department has weathered the financial storm, got to grips with the rigours of working capital management and undertaken a number of capital market transactions.