Redwood Finance Automation vs. Cadency 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
Cadency
Score 9.1 out of 10
N/A
Cadency is an automated financial close solution that combines all Record to Report activities into a single, seamless process. Cadency’s Financial Close software spans across all R2R activities — Certification (account reconciliation), Compliance and Journal Entry — with the goal of preventing “white space breakdowns” in the Record to Report cycle. Cadency's goal is to give users the ability to manage and gain audit transparency into all of their period-end close processes in real time.N/A
Pricing
Redwood Finance AutomationCadency by Trintech
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Redwood Finance AutomationCadency
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeNo setup feeOptional
Additional Details
More Pricing Information
Community Pulse
Redwood Finance AutomationCadency by Trintech
Top Pros
Top Cons
Best Alternatives
Redwood Finance AutomationCadency by Trintech
Small Businesses
Tipalti
Tipalti
Score 8.0 out of 10
Tipalti
Tipalti
Score 8.0 out of 10
Medium-sized Companies
FloQast
FloQast
Score 9.3 out of 10
FloQast
FloQast
Score 9.3 out of 10
Enterprises
FloQast
FloQast
Score 9.3 out of 10
FloQast
FloQast
Score 9.3 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Redwood Finance AutomationCadency by Trintech
Likelihood to Recommend
8.2
(2 ratings)
-
(0 ratings)
User Testimonials
Redwood Finance AutomationCadency 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
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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.