Redwood Software Logo

Customer Success


Siemens

Global powerhouse in electronics transforms financial close with less effort and resources.

Overview

Siemens is a global electrical engineering and electronics company. Its 360,000 employees develop and manufacture products, design and install complex systems and projects, and tailor a wide range of services for individual requirements.

  • Preparing financial statements was a complex manual task as each close was different.
  • Siemens had 1,000 tasks in its close, 300 of these were undocumented and 680 manual.
  • Now with Redwood automation, 97% of critical processes run automatically.
  • Siemens has reduced the number of manual tasks to complete the financial close from nearly 1,000 down to just 30.

Siemens

Website

http://www.siemens.com

Industry

Consumer Goods

"Today, accounting works autonomously. The new system can be adapted to special needs easily. This has freed up IT to focus on optimization in other areas."

-- Beatrice Frei, Head of Accounts Payable Receivables, Siemens Switzerland AG


To find out more information contact Redwood today