Redwood Business Process Automation - Finance Edition

Redwood Business Process Automation - Finance Edition

About TrustRadius Scoring
Score 8.1 out of 100
Redwood Business Process Automation - Finance Edition

Overview

Recent Reviews

Read all reviews

Video Reviews

Leaving a video review helps other professionals like you evaluate products. Be the first one in your network to record a review of Redwood Business Process Automation - Finance Edition, and make your voice heard!

Pricing

View all pricing
N/A
Unavailable

What is Redwood Business Process Automation - Finance Edition?

Redwood Software headquartered in the Netherlands offers Redwood Robotics, a robotic process automation solution.

Entry-level set up fee?

  • No setup fee

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting / Integration Services

Would you like us to let the vendor know that you want pricing?

Alternatives Pricing

What is Oracle Cloud EPM?

Oracle’s complete EPM suite is designed to give users the agility needed to respond to change faster. Combined with the simplicity of the cloud, it enables companies of any size to drive accurate and agile plans across finance and operational lines of business, accelerate financial consolidation…

What is Tipalti?

Tipalti is a cloud-based platform that enables mass payment management and execution to networked partners (e.g. affiliates, suppliers, vendors, crowdsource, freelancers, and content publishers) across international borders. Payment can be in any local currency, through a variety of methods (e.g.…

Features Scorecard

No scorecards have been submitted for this product yet..

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.

Redwood Business Process Automation - Finance Edition 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.

Redwood Business Process Automation - Finance Edition Competitors

Redwood Business Process Automation - Finance Edition Technical Details

Deployment TypesOn-premise, SaaS
Operating SystemsWindows, Linux
Mobile ApplicationNo

Frequently Asked Questions

Redwood Software headquartered in the Netherlands offers Redwood Robotics, a robotic process automation solution.

BlackLine and FloQast are common alternatives for Redwood Business Process Automation - Finance Edition.

The most common users of Redwood Business Process Automation - Finance Edition are from Enterprises (1,001+ employees) and the Accounting industry.

Comparisons

View all alternatives

Reviews and Ratings

 (3)

Reviews

(1-2 of 2)
Companies can't remove reviews or game the system. Here's why
Score 9 out of 10
Vetted Review
Verified User
Review Source
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
For regular FICO activities on SAP environments, it can quickly help. [Well suited to] organize activities around month closing and build workflows.
Score 9 out of 10
Vetted Review
Verified User
Review Source
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
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.