Central Settlement is a service unit of Würth Finance International B.V. On behalf of the Würth companies, we primarily handle the accounts payable to trading goods suppliers of the Group.

 

With a Central Settlement Agreement, we offer corporate group suppliers collection service and central handling of their receivables from all companies of the Würth Group.

In co-operation with the purchasing departments of the Würth companies, our Sales & Business Development Department has reached such a Central Settlement Agreement with over 2,500 Group suppliers. The group companies are obliged to make payments to these authorised suppliers via Würth Finance International B.V. This is the only way the supplier can profit from the services for which he is charged.

 

The International Payment Services Department ensures that payments arrive at the correct beneficiary on time via the most secure and cost-effective route.

 

With the organisational structure of the Central Settlement unit, we have created a supplier competence center to better serve our group companies and their suppliers.