Redwood Finance Automation vs. Adra by Trintech

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Redwood Finance Automation
Score 8.0 out of 10
N/A
Redwood Software headquartered in the Netherlands offers Redwood Robotics, a robotic process automation solution.N/A
Adra by Trintech
Score 0.0 out of 10
N/A
Trintech now supports Adra and Adra's modular Financial Close Management Suite, which includes the Task Manager task generation and monitoring application, the Balancer balance sheet account reconciliation application, the Accounts matching module for intercompany, bank and interim accounts, and finally the Integration Hub for integration of the applications and their data with the company financial applications or ERP (SAP, Oracle, NetSuite, etc).N/A
Pricing
Redwood Finance AutomationAdra by Trintech
Editions & Modules
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No answers on this topic
Offerings
Pricing Offerings
Redwood Finance AutomationAdra by Trintech
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
Redwood Finance AutomationAdra by Trintech
Top Pros
Top Cons

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User Ratings
Redwood Finance AutomationAdra by Trintech
Likelihood to Recommend
8.2
(2 ratings)
-
(0 ratings)
User Testimonials
Redwood Finance AutomationAdra by Trintech
Likelihood to Recommend
Redwood Software
I have used Redwood Finance Automation for all of these scenarios: transform and prepare the journal entries, SAP document posting, reversals, attachments, job status, error notifications, live tracking, error handlers, resubmission, data transformation, chain diagram of the robotic process development, can use multiple systems, merging, group, Excel conversion, and data storage. Difficulty in REL expressions to use in development for non-IT users. Data transformation requires many steps to add or delete the columns and it has some limitations.
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Trintech
No answers on this topic
Pros
Redwood Software
  • It helps through processes standarization
  • Implementation of SOX controls
  • Takes over more repetitive and time-consuming activities to focus on added value ones
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Trintech
No answers on this topic
Cons
Redwood Software
  • Business users are not able to understand the errors without IT knowledge
  • Better to have more features in data transformer (like Excel Pivot)
  • Train all types of users on basic REL expression language to use in development
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Trintech
No answers on this topic
Alternatives Considered
Redwood Software
It is very well integrated on SAP enviroments.
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Trintech
No answers on this topic
Return on Investment
Redwood Software
  • We have removed the robot from user in terms of people transformation
  • Time saving especially at month end to review the financials
  • We have identified more improvement opportunities with RFA as per the available features
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Trintech
No answers on this topic
ScreenShots

Redwood Finance Automation Screenshots

Screenshot of Home page for the Redwood Software Finance Automation solution.Screenshot of View of the Journal Entry Summary page in the Redwood Software Finance Automation solution.Screenshot of Intercompany Agreement Process built in Redwood Software Finance Automation solution.Screenshot of A view of the Inbox for Redwood Software Finance Automation.Screenshot of A view of the Process Orchestrator within the Redwood Software Finance Automation solution.