Redwood Software Finance Automation

Redwood's Finance Automation solutions are built on our industrial scale automation technology to provide business users the power to design, deploy and operate transformational financial processes. Redwood Finance Automation improves efficiency and governance. It also frees finance professionals to focus on gaining valuable insights from corporate reporting information—rather than simply chasing data.

Languages supported: German, English, French, Dutch, Portuguese, Spanish

8.8/10 (Expert Score) ★★★★★
Product is rated as #12 in category Financial Close Software
Ease of use
8.0
Support
9.2
Ease of Setup
0.0

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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 our industrial scale automation technology to provide business users the power to design, deploy and operate transformational financial processes. Redwood Finance Automation improves 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 Software was founded in 1993 with a singular goal – to free people from the effort associated with unnecessary manual activity. Redwood delivers automation solutions worldwide for workload and scheduling, finance, and report distribution. Its technology is built on modern, adaptable architecture that is uniquely designed to be delivered as-a-service for maximum benefit and scalability.

Redwood Software Finance Automation
Redwood Software Finance Automation

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Customer Reviews

Redwood Software Finance Automation Reviews

Administrator in Electrical/Electronic Manufacturing

Advanced user of Redwood Software Finance Automation
★★★★★
Positive and beneficial experience using Redwood Software Finance Automation

What do you like best?

Finance automation removes from our functional team many manual and repetitive tasks. It also has made them start to think of areas that could be further automated.

Further automation will be a benefit to our administrative, operational efficiency.

Redwood is very easy for functional users to learn and use. The steps are useful and therefore end user training is easy to deliver.

What do you dislike?

Some aspects of Data storage and system programming logic initially were not good. This affected performance, data retrieval. For example, the Workbench functionality performance very quickly started to slow down the more processes were stored.

However, the platform is constantly changing and improving with technical modifications.

What problems are you solving with the product? What benefits have you realized?

Redwood Finance Automation has helped us remove manual and repetitive tasks carried out by our Finance workforce.

The Automation has freed up their time to perform more valued work. Automation has also made us standardise our processes across locations.

The process of functionally converting to automation has made our colleagues aware of the benefits of automation and made them think of other areas in their work where they could apply it.

Review source: G2.com

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