Bosch in Romania
Bosch in Romania is part of the Bosch Group, a leading global supplier of technology and services. The Bosch Group’s strategic objective is to deliver innovations for a connected life. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.”
Bosch Group locations in Romania:
A. Our headquarters is based in Bucharest where we also has a sales office. In the country’s capital there is also a branch of BSH Hausgeräte GmbH, active in the market of household appliances.
B. In Cluj, we operate a research and development center as well as a production unit for automotive technology.
C. A production unit for linear motion technology and one for automotive technology are located in Blaj.
D. The company runs also a Business Process Outsourcing & Shared Service center activities in Timisoara since 2007.
Bosch in Timisoara
Bosch Service Solutions is a leading provider for Business Process Outsourcing. We help our customers to optimize their services in five key areas: Customer Experience Services, Mobility Services, Monitoring Services, as well as Business Services and Shared Services. We have a unique set of competencies based on our Bosch values, our technology and integration competence. Our service design capabilities are based on more than 30 years of experience in communication services and enhanced through digital and IoT capabilities. We are passionate about “Invented for life”.
The site in Timisoara, that became part of the Bosch Group in 2007, operates in two fields: Business Services and Shared Services. The high quality standards for which Bosch is renowned worldwide, are maintained in the services we offer in Finance & Accounting, Technical & IT, Central Purchasing, Order Management, Customer Care, Production Support- services that are delivered in more than 18 languages.
Financial Shared Service in Timisoara
Bosch opened in 2015 a new business services center in Timisoara to support the group's continuous growth and development plans. The second service center business offers services for the financial and accounting system of the Bosch Group. The range of services include general accounting and financial reporting, debt management, receivables and travel expenses management, as well as accounting and fixed asset account management.
Overview of the Financial Shared Service in Timisoara
Project Implementation Management, IT Support, Detective Controls, Customer and Vendor Master Data, Continuous Improvement Process (CIP), KPI, Training coordination, Tax Department.
Performance of internal controls based on Bosch guidelines, develop expertise through audit and risk expertise.
Center of Governance
Accounting Process Management & Accounting Standardization Cross Functions. Global solutions for harmonized and standardized processes including CIP, Worldwide projects with SAP etc.
Book to Report
The ledger provides a complete record of financial transactions over the life of the company. The ledger holds account information that is needed to prepare financial statements and includes accounts for assets, liabilities, owners' equity, revenues and expenses.
Bill to Cash
Customer creation, invoicing process, allocation, collection, Credit Management.
Invoice to Pay
Invoice processing, approval workflow management, payment processing, query management, travel and expense.
Recharging, Intercompany reconciliation, Intercompany payment.