Preferred Partner Program

1. Flexible spending accounts
Siemens offers its Preferred Partners a Flexible Spending Account funded through a value incentive rebate of up to 4% of your organization’s annual spending with Siemens Industry’s Electrification & Automation business unit. These funds:

• Can be carried over year-to-year
• Are fully at your discretion for allocation. This account provides financial flexibility to support your unique business priorities

2. Flexible financing
As a global leader with the broadest utility product portfolio, Siemens leverages its financial strength to reduce risk and deliver tailored financial solutions for Preferred Partners. Flexible financing options include:

• Deferred payments of 12-24 months
• Credit support agreements with reduced interest rates
• Comprehensive project financing
• "Buy now, pay later" project support
• Customized payment terms tailored to meet your organization’s expensing and cash flow management needs

With Siemens, you gain the financial tools to overcome challenges and optimize project execution.

3. Risk mitigation and reduced operating expenses
Managing complex utility projects across multiple vendors can be costly and risky. Siemens minimizes these challenges with a streamlined, turnkey approach that consolidates purchases into a single package:

• Bundled products and services under one purchase order
• Reduced number of contracts, simplifying procurement processes
• A single contract with mutually agreed-upon milestone payments and payment terms, accommodating varying lead times and supplier requirements

This approach optimizes cash flow, reduces internal costs, and enhances financial management, allowing Preferred Partners to focus on executing their projects successfully.

4. Industry-leading performance guarantees
Siemens is the most vertically integrated manufacturer in the electrical industry, producing critical components in-house and backing them with world-class field service and technical support. We stand behind our Preferred Partners by offering:

• Liquidated damages and uptime guarantees
• Comprehensive performance guarantees
• Complete satisfaction guarantees, including project refunds or higher-value credits on future purchases

Through long-term agreements, Siemens commits to treating our Preferred Partners differently delivering peace of mind and unmatched performance assurance.

1. Exclusively reserved factory capacity

With operations in over 190 countries and a strong global network, Siemens brings extensive experience and expertise in operational efficiency. Preferred Partner Program reserves factory capacity providing a guaranteed production schedule even in times of longer market lead times or fluctuating demand. This also provides:

• Supply Chain stability and risk management
• Faster response to custom requirements
• Enhanced financial planning and forecasting

2. Automated pre-engineered designs on technically superior solutions

Siemens leverages advanced digitalization and automation technologies to enhance productivity, efficiency, and flexibility in engineering enabling quick adaptability to unique design needs. Combining this with a library of pre-engineered designs tailored for preferred Partners which would:

• Reduce design engineering cycle times
• Improve precision and consistency of engineering deliverables
• Enable faster design iterations

3. Holistic program management

A dedicated Program Manager spearheading execution of your entire portfolio with Siemens Industry’s Electrification & Automation business unit ensuring consistent and personalized attention across the entire lifecycle of any project. A holistic approach to the management of your portfolio will offer:

• Dedicated resource capacity across every function
• Continuously improved execution efficiency through key learning
• Quarterly business reviews with tailored KPIs

4. Warehousing services

For its preferred partners, Siemens leverages its solid portfolio of storage facilities across the country to warehouse critical parts with long lead times from custom bill of materials. This enhanced inventory management system customized to your program will:

• Improve project scheduling
• Cut down on shipping and expediting costs
• Reduce risk of delay and improve uptime
• Enable efficient maintenance and repairs