Redwood - Robots are here to remain as a family member in our company
Redwood is our partner for automatization of processes; we built several robots that help us to speed up and improve the quality of data …
Redwood Business Process Automation - Finance Edition
Redwood Business Process Automation - Finance Edition
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What is Redwood Business Process Automation - Finance Edition?
Redwood Software headquartered in the Netherlands offers Redwood Robotics, a robotic process automation solution.
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- Free/Freemium Version
- Premium Consulting / Integration Services
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Product Details
What is Redwood Business Process Automation - Finance Edition?
The volume of repetitive, manual tasks across finance is overwhelming – every day or at the end of every month, quarter, or year. Redwood’s Finance Automation solutions are built on industrial scale automation technology to provide business users the power to design, deploy and operate transformational financial processes, and to improve efficiency and governance. It also frees finance professionals to focus on gaining valuable insights from corporate reporting information—rather than simply chasing data.
These solutions are built to support four pillars of finance processes: record to report, order to cash, procure to pay and asset accounting. Within record to report, we offer automated solutions for the close checklist, reconciliation, journal entry and intercompany. Clients report automating as much as 85% of finance tasks that once relied on repetitive manual work with Redwood.
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Redwood Business Process Automation - Finance Edition Technical Details
| Deployment Types | On-premise, SaaS |
|---|---|
| Operating Systems | Windows, Linux |
| Mobile Application | No |
Frequently Asked Questions
Redwood Software headquartered in the Netherlands offers Redwood Robotics, a robotic process automation solution.
The most common users of Redwood Business Process Automation - Finance Edition are from Enterprises (1,001+ employees) and the Accounting industry.
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Redwood is our partner for automatization of processes; we built several robots that help us to speed up and improve the quality of data and control on our Finance and controlling activities, such as the month closing
- It helps through processes standarization
- Implementation of SOX controls
- Takes over more repetitive and time-consuming activities to focus on added value ones
- Tool in continuous development
- It requires training and experience to become a developer
May 13, 2021
My experience with Redwood Finance Automation
We have implemented it in the Accounting department first to robotize the non-value-added activities like regular entries, reports, reviews, jobs etc. We have [removed users] and [replaced] with robots, and utilized them in other stuff. Also used in some other reporting activities like audit, report generation, other postings where user has to enter the details each field manually in SAP.
- Easy to design without IT knowledge
- We can transform the data like excel
- This can read the data from any system and transform
- 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