A new web-based service called the Global Market Information platform has been created – with a modern design and individual customisation options. The platform offers up-to-date information for monitoring commodity prices, materials, economic indicators and currencies. It replaces the traditional monthly report.
Until December 2023, the traditional commodity charts were published as a PDF report, which was sent out to Würth Group purchasing units every month. This report has now been replaced by an online platform that is closely tailored to the Group’s requirements. The platform was developed for staff at the Würth Group who need access to a range of up-to-date market information in order to make sound financial decisions or to prepare for negotiations with different suppliers and customers.
Added value through tailored settings
The platform can be used via a dashboard that allows individual focal points to be set and information to be tailored to the user, for example with regard to materials or different currencies. Historical data and current trends can also be called up, thereby supplying data for better-informed decisions. The standard Raw Materials report is still available via the platform in the desired format.
“We are proud of this launch. The new platform was a joint project,” says Kathrin Freimann, Sales & Contract Management, who is responsible for the new platform at Würth Finance. “We seek to offer added value to all Würth Group staff and make their day-to-day work easier.”
The new internal information platform was created in close collaboration with Würth Germany and Würth International. Consolidation made it possible to cancel existing subscriptions for the regular provision of market data and to offer a total solution that also caters to the individual needs of users. Another advantage is that, by bringing the whole service together at Würth Finance, long-term savings and thus cost benefits can be achieved for all Group companies.
Customer relationship management at Würth Finance
Würth Finance regards itself as a partnership-based service provider for the Würth companies, giving them advice and support. Managing Director Philip Guzinski: “We made around a hundred personal visits to companies last year. We maintain a close and direct dialogue. This is becoming increasingly important in our digitalised and performance-oriented society.” In addition to performing the work of its core business, Würth Finance aims to identify client needs and to drive forward the automation and standardisation of processes and systems in order to become more efficient. With new products and the transfer of expertise, Würth Finance aims to foster companies’ freedom to act and at the same time to provide them with security.
