Blue Prism Cloud vs Redwood Software - Finance Automation Edition comparison

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Comparison Buyer's Guide
Executive Summary

We performed a comparison between Blue Prism Cloud and Redwood Software - Finance Automation Edition based on real PeerSpot user reviews.

Find out in this report how the two Robotic Process Automation (RPA) solutions compare in terms of features, pricing, service and support, easy of deployment, and ROI.
To learn more, read our detailed Blue Prism Cloud vs. Redwood Software - Finance Automation Edition Report (Updated: March 2024).
770,428 professionals have used our research since 2012.
Featured Review
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"The ease of building automation and the development environment""Blue Prism Cloud is an easy to access and user-friendly solution.""Ability to see the blueprint of the design executed alongside the actual process.""It’s scalable.""Decipher has been a valuable feature that many of our clients use to extract information from documents.""This product has additional functionality over Blue Prism Cloud Enterprise.""The most valuable feature is the customizability.""The most valuable feature is the ability to write custom code."

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"So the best thing is ease of use.""Redwood has a great feature where it logs every transaction. So, at any point, we can see every step taken for each transaction. It creates an audit trail of the entire process execution. It is a really good feature. This eliminates the need for extra coding or report generation. The audit report is readily available within the tool itself.""The out-of-the-box finance modules within the Redwood Finance framework help to speed up the process, versus designing and writing generic BOT code."

More Redwood Software - Finance Automation Edition Pros →

Cons
"It could be more flexible.""The vendor does not make their pricing clear when you are searching for it, which is something that needs to be improved.""There's a need to deal with unstructured input with RPA.""We have limited integrations in place, and my objective is to integrate Sentinel. However, there are constraints as some individuals have only one or two options for SIM integration solutions. Given the urgency of quick resolutions in today's landscape, prevention and detection are crucial. While these measures provide significant security, it's equally important to focus on response and recovery. In the case of a ransomware attack, it's not enough to solely prevent and detect. Once detection is in place, a response model should be implemented to automate the process and minimize the time required for tasks, such as creating investigation reports. In the past, it would take approximately seven to eight days to create an investigation report for a specific attack, including writing a case study. This process can be streamlined and improved through the automation of contextual investigation reports. By saving base templates and content, including screenshots and attack details, automation can be achieved. We are currently working on integrating Microsoft WAF and Excel for this purpose, but having a built-in tool would be ideal.""Improvement should be per customer requirements.""The pricing of the solution could be improved. It's a bit expensive right now. They should work to make it more competitive.""Blue Prism should adopt a low-code approach. Most RPA vendors only provide what they call a "form builder." A low-code designer would enable us to build a custom UI.""They should improve the user-friendliness and they should change their business model."

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"would like to see AI integration for automation in future releases. Post-automation, I envision a generative AI model. If I could ask the bot questions like the number of invoices or their current status, it should be able to provide answers directly.""The room for balancing improvement lies in automation enhancement with respect to the feature areas, considering dealing directly with Excel and reviewing it to do some additional stuff for it in the end system so that reading the right thing, picking up the values, and everything.""Mapping the process steps to an existing R2R process quickly would be a definite step forward."

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Pricing and Cost Advice
  • "Pricing can be negotiated in situations where there will be heavy usage."
  • "The licensing structure is complex and the minimum contract length is three years."
  • "We pay about $15,000 per quarter in licensing costs. We don't have to pay for any other extra costs. There isn't, for example, an extra cost for technical support. We just pay the licensing."
  • "There are many RPA solutions available from different vendors and the pricing for Blue Prism is competitive."
  • "Annual licensing costs were somewhere between $5,000 - $10,000 for the development tool. For the control tower, I think fees were about $50,000 annually."
  • "This solution comes at a medium to high price point. They need to work on their pricing to enable smaller enterprises to get the benefit of using the product."
  • "When compared with UiPath, I believe it will be difficult for Blue Prism to maintain its market share."
  • "Blue Prism comes at a higher price point compared to other solutions on the market."
  • More Blue Prism Cloud Pricing and Cost Advice →

  • "The licensing was purely based on the number of transactions being processed in production."
  • More Redwood Software - Finance Automation Edition Pricing and Cost Advice →

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    Questions from the Community
    Top Answer:It's easy to use, the interface, the the the the queries is which we use. It's user friendly.
    Top Answer:Improvement should be per customer requirements.
    Top Answer:Redwood has a great feature where it logs every transaction. So, at any point, we can see every step taken for each transaction. It creates an audit trail of the entire process execution. It is a… more »
    Top Answer:The pricing is very client-specific. It's not a one-size-fits-all price. They don't have a single price for everyone. It's based on the client and the number of transactions. As Vodafone, a large… more »
    Top Answer:Everything seems to be working well. However, I see value in integrating AI for automation. So, I would like to see AI integration for automation in future releases. Ideally, after I perform postings… more »
    Ranking
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    1,475
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    1,073
    Reviews
    20
    Average Words per Review
    480
    Rating
    8.3
    Views
    477
    Comparisons
    318
    Reviews
    2
    Average Words per Review
    1,150
    Rating
    8.5
    Comparisons
    Also Known As
    Blue Prism Thoughtonomy Virtual Workforce, Blue Prism Virtual Workforce, Thoughtonomy Virtual Workforce
    Redwood Business Process Automation - Finance Edition, Redwood Robotics, Redwood Finance Automation
    Learn More
    Overview

    The Thoughtonomy Virtual Workforce is a highly flexible intelligent automation platform. It uses software to replicate the way people work in existing applications and systems, the processes they follow, and the decisions they make, to deliver automation without disruption.

    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 reduces that unnecessary and time-consuming manual effort. We know because our customers tell us that our finance automation solution helps them achieve a much higher degree of back-office process automation compared with alternatives.

    Sample Customers
    Cabot Credit Management, Hovis, Utilita
    ArcelorMittal, Alliant Energy, Allianz, Arla, Bacardi, CPS Energy, DSM, Faurecia, Genetech, Jabil, Jumbo,
    Top Industries
    REVIEWERS
    Financial Services Firm21%
    Energy/Utilities Company21%
    Computer Software Company11%
    Manufacturing Company11%
    VISITORS READING REVIEWS
    Financial Services Firm21%
    Computer Software Company17%
    Manufacturing Company9%
    Energy/Utilities Company5%
    VISITORS READING REVIEWS
    Financial Services Firm18%
    Energy/Utilities Company16%
    Computer Software Company9%
    Manufacturing Company6%
    Company Size
    REVIEWERS
    Small Business39%
    Midsize Enterprise16%
    Large Enterprise45%
    VISITORS READING REVIEWS
    Small Business15%
    Midsize Enterprise11%
    Large Enterprise74%
    VISITORS READING REVIEWS
    Small Business19%
    Midsize Enterprise7%
    Large Enterprise74%
    Buyer's Guide
    Blue Prism Cloud vs. Redwood Software - Finance Automation Edition
    March 2024
    Find out what your peers are saying about Blue Prism Cloud vs. Redwood Software - Finance Automation Edition and other solutions. Updated: March 2024.
    770,428 professionals have used our research since 2012.

    Blue Prism Cloud is ranked 7th in Robotic Process Automation (RPA) with 38 reviews while Redwood Software - Finance Automation Edition is ranked 19th in Robotic Process Automation (RPA) with 3 reviews. Blue Prism Cloud is rated 8.0, while Redwood Software - Finance Automation Edition is rated 9.0. The top reviewer of Blue Prism Cloud writes "It helps us save on staff costs". On the other hand, the top reviewer of Redwood Software - Finance Automation Edition writes "User-friendly and enables automation in finance, HR, and SDM". Blue Prism Cloud is most compared with Blue Prism, Microsoft Power Automate, UiPath, Robocorp and BotFarm, whereas Redwood Software - Finance Automation Edition is most compared with UiPath, BlackLine, Blue Prism and Automation Anywhere (AA). See our Blue Prism Cloud vs. Redwood Software - Finance Automation Edition report.

    See our list of best Robotic Process Automation (RPA) vendors.

    We monitor all Robotic Process Automation (RPA) reviews to prevent fraudulent reviews and keep review quality high. We do not post reviews by company employees or direct competitors. We validate each review for authenticity via cross-reference with LinkedIn, and personal follow-up with the reviewer when necessary.