Don’t let the complexities of corporate finance get to you! Gone are the days of having to manually monitor trends in your company data thanks to GL-Adapt. GL-Adapt is your full-service “go-to” for an improved financial planning experience. This innovative dashboard offers various metrics that allow customers to see cash flow impacts and view future ending balances for many months in advance.

With increased data science techniques, GL-Adapt brings security and peace of mind to you by identifying unusual transactions. It increases visibility into your data by reducing forecast planning from what used to take weeks down to minutes. GL-Adapt is proven to be expandable and scalable across different divisions and processes.

What prompted the creation of GL-Adapt?

Before GL-Adapt, the process for “predicting” ending account balances was manual, excel driven and often based on one person’s experience or knowledge of managing “volatile accounts.” Meaning if you were unfamiliar with the account’s history, more than likely you would spend a considerable amount of time looking for patterns and erroneous postings.

Wanting to solve that pain point, the creators of GL-Adapt took an aggressive, bottom- up approach to look at accounts at a granular level. Using the tool’s ability to determine volatility thresholds and balance norms, the creators discovered that they were able to use historical data to baseline how often an account should be reconciled.

How is this done?

GL-Adapt pulls up to five years of historical ERP data from Data Lake tables and uses custom curated machine learning algorithms, to provide the end users with visual analytics on Tableau dashboards. What does this mean for you?

GL-Adapt helps you:

• Identify anomalistic data at a transactional level

• Predict ending account balances

• Pair cash flow predictions with forecasted accounts

• Determine Volatility for ending account balances and account transaction counts

GL-Adapt in a Global Setting

Currently being used by Siemens Mexico, GL-ADAPT is efficient for several job positions within an organization such as Head of Accounting and Controlling, Controller for Supply Specialist, Order Management Specialist, Material Planner, Commercial Controller, and Inventory Controller to name a few.

The Results are Coming In from our Customers : Although this dashboard is new, it has already started to receive positive reviews as users claim:

• Increased accuracy and a decrease in manual errors

• Labor saving time in creating forecasts and following-up with customers

• Accurate statistical modules based on real data

• Estimated 30% reduction in overall costs

• 50% Process time savings on manual FTE effort

Let GL-ADAPT save you the burden of having to manually plan for your financial future and trust the software that is already making strides in financial innovation.

For more information about GL-Adapt, contact:

GL-ADAPT.us@siemens.com