Glade launched on Y Combinator's "Launch YC" recently!

Launch YC: Glade - Enterprise grade platform for financial planning

"Next generation business planning software"


Glade helps companies build, manage, and visualize their financial plan in real-time

Founded by Daniel Fang & Aaron Lee. Daniel, CEO, has years of experience working in banking, strategic finance, and venture capital. He previously worked at Navan, Ocean Tomo, and Goldman Sachs. He ran an investment management business that helped his clients grow their assets from $400k to $1.2 million in 5 years. Aaron, CTO, is a former software engineer at Meta, Square, and Nuro. He has extensive experience building internal platforms that increased the efficiency of his team by 10x.

Frustrated after spending hours every day manually preparing data and handling simple requests, the team built Glade to help finance professionals like themselves get out of data wrangling and into financial strategy.


HOW IT WORKS


❌  Problem: Financial Planning is Painful and Tedious


Within growing companies and enterprises, there is no single source of truth for financial data, and finance teams are wasting too much time on manual tasks. Daniel was a finance manager at his last company and spent hours every day manually preparing data and handling simple requests from business partners.

Existing tools are also extremely difficult to adopt and implement. Daniel’s previous company implemented Anaplan and paid hundreds of thousands each year for it, yet only one person in his entire company learned how to properly use it.


🚀 Solution: A User-First, AI-Powered Financial Platform


Glade
helps companies build, manage, and visualize their financial plan in real-time.

Unlike existing enterprise tools, they fully integrate with all business apps (such as Netsuite, Workday, and Snowflake) to automate the flow of data directly from these apps to your team’s Google Sheets and Excel models. Through its integrations and data enrichment, Glade serves as the central source of truth for all financial data within a company.

The platform also empowers leaders across the company to make informed decisions and stay aligned. By leveraging AI, Glade allows users to self-serve financial data through its platform and use natural language to create custom, board deck-ready visualizations in seconds.

Want to check how your business is performing in the APAC region? Just ask Glade: “How has my revenue trended in APAC over the last 3 months?” Using AI, it will produce a high-quality chart for you in seconds.

Image Credits: Glade


Using Glade, companies:

✅ Speed up financial planning, month-end close, and investor/board deliverables by 2x

✅ Improve reporting and forecast accuracy by eliminating errors from manual data pulls

✅ Align leaders and teams across the company to financial objectives


💰 Opportunity Size:


The total addressable market for enterprise financial planning is $50B. Anaplan is a leader in the space, with a market capitalization of almost $10B.

However, with a recorded NPS of -38 and poor user adoption across its customers, legacy enterprise tools like Anaplan are bound to be replaced.


"Build flexible and robust financial plans to drive your business forward. Consolidate models into reports in minutes rather than days."

LEARN MORE


🌐 Visit www.gladetool.com to learn more!

🤝 Connect the Glade team with CEOs, CFOs, and finance leaders in your network

⭐ Introduce the Glade team to any warm connections you have in fast-growing companies or enterprises.

❓ Are you a founder and interested in using our software to improve your financial planning process? To schedule a meeting with Glade, click here

🔗 Follow Glade on LinkedIn
Posted 
October 11, 2024
 in 
Launch
 category
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